Fairtrade Gold Jewellery: The 2020 Annual Report
In the last 25 years, companies working with Fairtrade have contributed to the €1 billion of Fairtrade Premium that is given to farmers, miners and workers. In total, Hockley Mint generated an estimated £1,700 for Fairtrade Premiums during 2020, the majority of which was produced through the sale of Fairtrade Gold jewellery.
All our products can be cast in Fairtrade Gold and we’re seeing increases in orders for 18ct yellow and white which we believe, at the very least, shows an increase in awareness. It’s now estimated by Fairtrade that 90% of people have seen the Fairtrade mark. We are proud to support Fairtrade Gold and consistently post features to our social media platforms to raise awareness, discussing topics such as facts and figures, benefits and impacts, and case studies.
Fairtrade Gold Jewellery: CECOMSAP Case Study
Having a more stable income means Fairtrade miners can plan and meet their needs and those of their communities. On top of the Fairtrade Minimum Price, Artisanal and Small-Scale Mining Organisations (ASMOs) earn the Fairtrade Premium to invest as they see fit.
CECOMSAP is a collection of 10 small-scale mines based in the Apolobamba Mountains of south Peru. These mines spent their Fairtrade Premium on a range of projects including an upgraded canteen for miners and workers to eat regular hot meals.
In addition, CECOMSAP chose to invest in equipment and developing infrastructure, like a gold processing plant, which enables the miners to capture gold particles from crushed ore more efficiently and reduces their use of chemicals.
Recently, with the impacts of COVID-19 being felt by small-scale miners across Peru and around the world, Fairtrade Premium has been vital for CECOMSAP to adjust and respond to the pandemic. Pedro Cori, the president of CECOMSAP explains: ‘Selling our gold on Fairtrade terms helps us absorb shocks and to move forwards’. CECOMSAP have used the Premium to construct quarantine facilities and accommodation for miners travelling into the area from neighbouring communities and have been able to provide advanced Personal Protective Equipment (PPE) and COVID-19 testing equipment to ensure that miners can return to work safely.