【France】Why is Recycled Gold So Popular?

Editor’s Note

This article explores the rising consumer and corporate focus on the provenance of gold, moving it from a secondary concern to a central issue driven by environmental awareness and ethical sourcing.

Solitaire “Équinoxe”, en or jaune, JEM.
Why is Recycled Gold So Popular?

While jewelry and high jewelry creations are inherently durable, the question of the traceability of the materials used has long been a secondary concern. It is only relatively recently that issues related to the provenance of gold have entered the public debate. This spotlight is the result of increasing social and environmental obligations for companies and a growing interest from customers. These increasingly aware customers have been sensitized by impactful films about gold mining, such as Gold by Stephen Gaghan (2016) and the documentary Dirty Gold War (2015). From now on, gold will be ethical, or it will not exist…

Fairmined Gold or the Quest for More Virtuous Mined Gold

The House of Chopard was one of the first to completely rethink the production chain, from the mine to the workshops, to guarantee 100% ethical gold. Chopard defines this material as:

“gold acquired from responsible suppliers, meeting the best international environmental and social standards.”

Initiated in 2013, this journey towards sustainable luxury – to use the House’s terms – appeared essential to Caroline Scheufele, Co-President and Artistic Director, for whom:

Le savoir-faire de la marque Loyal.e.
“responsibility and ethics have always been an integral part of our family philosophy.”

In 2018, the House announced that it would use only ethical gold in its watch and jewelry creations. A considerable advancement for one who considers that:

“true luxury is being able to know the real footprint in our supply chain. As Artistic Director, I am very happy to be able to share with our customers the story of each piece, and I know they will wear our creations with pride.”

Other Houses have also joined the movement because they were not comfortable with the traceability conditions of conventional mined gold. This is the case of the House JEM, whose founder Dorothée Contour explains that the choice of certified Fairmined ethical gold became obvious after contact with the teams of the NGO Alliance for Responsible Mining.

“The exchange with these mining communities allowed me to understand how much jewelry was at the forefront of major social and environmental issues. From the discovery of their incredible work to transform the sector, the project of inventing a new jewelry, both sincerely and concretely committed and resolutely modern and inspiring, took shape.”
Recycled Gold, the Future Game Changer?
Bracelet Lepage “Alba” en or jaune.

Recycled gold seems to be favored by a new generation of creators determined to shift the lines. As in fashion, these talents are turning to the formidable dormant stock that recycled gold represents, like Houses such as Vever or Courbet.

“The global gold stock is currently estimated at 200,000 tonnes. We use 4,000 tonnes of gold each year, and only 30% comes from recycling. Mining activity increases this gold stock by just over 1% each year. Thus, for every gram of gold extracted from a mine, two tonnes of waste are generated!”

explains Maïssa Zard, the founder of Loyal.e. To bring her creations to life, Maïssa Zard opted for RJC-CoC certified recycled gold, a label that offers traceability throughout the value chain.
Jewelers for five generations, the members of the Lepage family have always used recycled gold. The Lille institution regularly offers gold buyback campaigns to its customers to ensure it collects the amount of gold necessary for the production of its recycled gold jewelry collections.

“We are fortunate to give life to durable pieces, and that is a characteristic we wish to preserve. If recycled gold is a way to embody our commitment to more sustainable creation, it also has an economic impact for our customers. For the transformation and custom creation part, the gold buyback finances the creation of new objects, and for our own collections, it allows us not to increase our prices, because we are not subject to the rise in the price of gold,”

develops Julie Lepage, managing partner of the House Lepage.

Alessandro Michele exposant son amour pour les bijoux anciens sur son profil Instagram.

More ecological, the communication around recycled gold is nonetheless not easy. Between fear of greenbashing and a deficit of glamour, brand communication is becoming increasingly measured.

“There is a growing demand from consumers for more ethical jewelry, but it must above all be desirable. For the majority of consumers, recycled gold is not always a trigger element; it can be one element among many in the purchase decision.”
Full article: View original |
⏰ Published on: August 03, 2024