Gold refiner audit cross-recognition

Industry programs engaged in conflict minerals issues are working together to harmonise gold refiner audits.  Gold refiner audits are carried out to demonstrate due diligence in gold supply chains, particularly if sourcing in conflict-affected and high risk areas.  The inter-operability of these standards helps reduce unnecessary duplication of audits and aims to broaden uptake of due diligence by gold refiners of all sizes, in all parts of the world.

 

Eurocantera_Goldlake

The Responsible Jewellery Council has cross-recognition mechanisms with the London Bullion Market Association (LBMA), Responsible Minerals Initiative (RMI) (formerly CFSI), and Dubai Multi Commodity Centre (DMCC) for gold refinery due diligence audits. These aim to reduce audit duplication for refiners and to support broader supply chain efforts to implement the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High Risk Areas, and relevant national legislation (such as Section 1502 of the Dodd-Frank Act for Conflict Minerals).

 

RJC recognises the following audits as fulfilling  the requirements of provision 10.4 of its Chain-of-Custody (CoC) Standard:

  • LBMA Responsible Gold Guidance
  • RMI Responsible Minerals Assurance Process (RMAP)
  • DMCC Rules for Risk Based Due Diligence in the Gold and Precious Metals Supply Chain

 

Please note:  London Good Delivery gold and Dubai Good Delivery gold is not automatically eligible CoC material under the RJC CoC Standard.  Other aspects of the CoC Standard must be met (such as the criteria for determining eligibility) in order for it be declared as eligible CoC material.

 

RJC, LBMA and RMI collaboration

In 2016, the 3 programs strengthened their collaboration and issued a cross-recognition policy. We remain committed to:

  • Contributing to the continual progress of responsible gold supply chains
  • Continual improvement of independent third party audit programs, pursuant to the OECD Guidance
  • Maintaining international credibility and market acceptance of the programs

 

RJC welcomes enquiries from gold refiners and their stakeholders about CoC certification and the cross-recognition agreements. Please contact certification@responsiblejewellery.com

 

RJC on Social Media

FacebooktwitterlinkedinmailFacebooktwitterlinkedinmail
Members of the ISEAL alliance