Chopard commits to use 100% ethical gold by July
dubai — Chopard leads the watch and jewellery industry with a major and unique announcement: By July 2018, Chopard will use 100 per cent ethical gold in its jewellery and watch creations.
Chopard defines ‘ethical gold’ as gold acquired from responsible sources, verified as having met international best practice environmental and social standards.
From July 2018 Chopard gold will be responsibly sourced from one of two traceable routes:
1. Artisanal freshly mined gold from small-scale mines participating in the Swiss Better Gold Association (SBGA), Fairmined and Fairtrade schemes.
2. RJC Chain of Custody gold, through Chopard’s partnership with RJC-certified refineries.
In order to further increase its contribution in artisanal gold miners’ improvement initiatives and therefore contribute to a further growth of volumes of ethically extracted gold, Chopard joined SBGA (Swiss Better Gold Association) in 2017.
Speaking at a press conference Karl Friedrich Scheufele, co-president of Chopard, said: “We are incredibly proud of being able to say that from July 2018 all of our gold will be purchased from responsible sources.”
Chopard’s vision is to increase, as much as it possibly can, the proportion of artisanal gold the Maison buys as it becomes more available on the market. Today Chopard is the largest buyer of Fairmined gold. “It is a bold commitment, but one that we must pursue if we are to make a difference to the lives of people who make our business possible.”
“We have been able to achieve this because more than 30 years ago, we developed a vertically integrated in house production, and invested in mastering all crafts internally, from creating a rare in-house gold foundry as early as 1978, to the skills of high jewellery artisans and expert watchmakers.”
Chopard watches and jewellery are beautifully crafted in-house, this means the Maison is in the unique position to be able to guarantee control of all processes; from manufacturing to final product, therefore controlling the gold used in its products.
“True luxury comes only when you know the handprint of your supply chain and I am very proud of our gold sourcing programme. As creative director of the brand, I am so proud to share the stories behind each beautiful piece to our customers and know they will wear these stories with pride”.
As part of Chopard’s commitment to ethical gold, new High Jewellery Green Carpet Collection pieces presented at Baselworld are exclusively made from Fairmined gold, as well as the High Horlogery L.U.C Full Strike watch and the Happy Palm watch.