Friday, September 23, 2011

Companies Pledge apt Avoid 'Dirty' Gold - NYTimes.com

Unlike in the diamond manufacture, no formal appraisal process exists to ensure conflict-free gold. Earthworks wishes that the No Dirty Gold consolidation ambition help fuel the creation of such a system that “assures users and retailers that the gold they are buying has been produced in ways that lessen impair to human alternatively the surroundings.”

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One of Blue Nile’s major initiatives namely to source recycled gold preferably than new gold, said a enterprise speaker, John Baird.

The companies always signed the No Dirty Gold campaign’s Golden Rules for sourcing gold, mobilized at Earthworks, a nonprofit organization.

A recent segment on CBS’s “60 Minutes”, for instance, addressed the colossal role gold mining profits activity in an progressive fatal combat in the Democratic Republic of Congo.

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Target and Rolex are within the major retailers that have not signed the pledge despite multiple requests, along the war.

Several major jewelry retailers, including Sears, Kmart and Blue Nile made a mortgage last week apt sell gold namely has been mined and produced via merciful, eco-friendly methods.

In total, 60 retailers have signed the No Dirty Gold pledge, including Zale Corp., Tiffany & Company and J.C. Penney.

On average, the product of an gold ring results in 20 tons of mine garbage, according to Earthworks. Mining has also been instantly linked to human rights violations, forest destruction and toxic pollution.

“A few months antecedent, we also approached out to our suppliers to build one inspecting process,” Mr. Baird said. “The end goal is to pathway our gold from mine to mart.”

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