Fair trade fortnight
So we have just come to the end of another fair trade fortnight. We shared a little about it on our instagram feed but thought we’d take the time to tell you a little more about why we are so proud to be able to offer all of our wedding rings in fair trade gold. Currently we are able to offer 18ct yellow and white gold rings in Fairtrade gold but we are hoping to introduce 9ct to our range very soon.
Fairtrade mines can be found in Latin America, Uganda, and Cotapata in Bolivia. In Peru the Sotrami mine provides work to 300 miners from the local village of Filomena. The Fairtrade premium has massively contributed to the community’s needs, investing in water, electricity, healthcare and education.
Fairtrade gold premiums help build futures. The premium is a sum of money paid ON TOP of the agreed minimum price. It is currently $2 per gram of gold. In 2013/2014 Fairtrade mines sold 60kg of gold and received $316,000 in premium payments. As well as increases in wages by buying Fairtrade forces standards upwards and provides strict guidelines for mine owners on working conditions, women’s rights, child labour and environmental management ensuring better living conditions for the miners, their families and the community.
Fairtrade gold is traceable from mine to finished retail product. The Fairtrade stamp is applied to certified products to show the customer that the gold is traceable.