Letter from FJA to the Security Exchange Commission in the USA in support of traceability in the gold supply chain from Great lakes Region


FOR IMMEDIATE RELEASE

OPEN LETTER TO ELIZABETH MURPHY, SECURITY AND EXCHANGE COMMISSION, FROM THE MEMBERS OF FAIR JEWELRY ACTION

Comments Regarding File Number S7-40-10 on Conflict Minerals

Santa Fe, New Mexico USA and Chichester England, UK. ( March 1, 2011)

We are writing to urge the SEC to institute robust and comprehensive rules on conflict minerals under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Fair Jewelry Action is a cross sector initiative, a coalition of jewelers, supply companies and civil society groups working within the jewelry sector for ethical sourcing.   Our core goal is traceability and transparency.   We strongly support any legislation which would stop conflict minerals from entering our supply chain.   Gold and other metals often come at a great cost to communities and the environment.

Conflict gold from areas of armed or militarized conflict, in particular, is not only unethical; but it makes our industry rightfully vulnerable to bad publicity.  Even a small percentage of conflict gold entering our supply chain is a betrayal to our customers.  Who would want to wear a wedding ring that financed wars?   This issue is particularly important to all our customers; but especially to the younger generation, the future of our business.  They are increasingly sensitive to environmental and social issues around the globe.

Therefore, we strongly urge you not to bend to the short term interests of those in our industry who would say that this legislation would be bad for business.   Exactly the opposite is true.  We need this act to be mandated for the good of the jewelry sector and for the good of society.  We strongly support all efforts that would create and implement a supply chain transparency that will provide independent verification documenting that a company is not sourcing precious metal that is financing armed conflict and human rights violations.

If you would like additional information on this important topic critical to our industry, please contact us.

Below is a list of businesses and civil society organizations that belong to Fair Jewelry Action and have signed on to this letter.

Jewelers

Toby Pomeroy USA

www.tobypomeroy.com

Reflective Images Inc.

www.artisanweddingrings.com

Bario-Neal USA

www.bario-neal.com

Brilliant Earth USA

www.bario-neal.com

www.clarityproject.com

C5 Company USA

www.c5company.com

Element Jewelers UK

www.elementjewellery.com

The Clarity Project USA
www.clarityproject.com

Cred Jewellery UK
www.credjewellery.com

Harriet Kelsall Jewelry UK

www.hkjewellery.co.uk

Oria Jewelry UK

www.oriajewellery.co.uk

April Doubleday Jewelry UK

Ute Decker UK
www.utedecker.com

Fifi Bijoux  Scotland
www.fifibijoux.com/shop

Ethical Jewelers Australia

www.ethicaljewels.com.au

 
Tiny Masters Sweden
www.tinymasters.se

Jewelry Manufacturers
 
New World Mexico Women Mexico
http://ethical-fair-trade.org/fair-trade-silver/

Vukani-Ubuntu Community  Development South Africa

www.vukani.org

 
Lori Bonn USA

www.loribonn.com

Precious Metal Refiners

Patrick Schein FRANCE
www.patrickschein.com/us

NGOs and Consultancies

William Rohtert  Economic Geologist USA

Dyan Oldenburg:  Environmental Leadership Consulting  USA

Jewelry Tree Foundation Belgium

www.jeweltreefoundation.org

Lifeworth Consulting  France

Mining Companies

Open Source Minerals Belgium

www.opensourceminerals.com

Ruby Fair UK and Tanzania

www.rubyfair.com

Tanzania Woman Mining Association.

www.gemstylestz.biz Tanzania

Black Mountain Gems USA

Kamoka Pearls USA/Tahiti
http://www.kamokapearls.com/

Gold Leaf USA
www.GreenLeafGold.com

Media Relations:
 
For additional information: 

In North America
Marc Choyt
FAIR JEWELRY ACTION USA
Tel: 505-988-7393 ex. 21
www.fairjewelry.org
reflective@cybermesa.com

In the European Union
Greg Valerio
FAIR JEWELRY ACTION UK 
greg@gregvalerio.com

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