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No Dirty Gold campaign praises industry leaders

March 1, 2006

Timed to coincide with Valentine’s Day, the No Dirty Gold campaign released a full page ad in the New York Times praising eight of the world’s top jewelry retailers.

The production of a single gold ring generates, on average, 20 tons of waste. Gold mining has caused massive environmental destruction, contaminated fisheries and fresh water used for drinking and irrigation, and displaced tens of thousands of rural farming, fishing, and ranching communities. The retailers named have pledged to move away from “dirty” gold sales and are calling on mining corporations to ensure that gold is produced in more socially and environmentally responsible ways.

“Because jewelry retailers buy the majority of gold produced worldwide, they have the power to help clean up the mining industry,” said Payal Sampat, co-director of the No Dirty Gold campaign and international campaign director for EARTHWORKS. “We applaud the leadership of these companies. It’s an important first step.”

More than 80 percent of the gold produced worldwide is used to make jewelry. Retail sales of jewelry in the U.S. alone surpassed $45 billion in 2004, of which gold jewelry accounted for $17 billion. The eight companies identified as “leaders”  - the Zale Corp., the Signet Group (the parent firm of Sterling and Kay Jewelers), Tiffany & Co., Helzberg Diamonds, Fortunoff, Cartier, Piaget, and Van Cleef & Arpels - together represent $6.3 billion in retail jewelry sales, or 14 percent of sales in the United States, which is second only to India in annual gold consumption. Four of the top 10 U.S. jewelry firms – Zales, Kay Jewelers (Sterling/Signet), Tiffany & Co., and Helzberg Diamonds – are among the firms identified as “leaders.”

The New York Times ad (available at http://www.nodirtygold.org/) not only named the retail jewelry “leaders” that have made in-principle commitments to sourcing more responsibly produced gold, but also the “laggard” companies that have not yet done so: Rolex, JCPenney, Wal-Mart, Fred Meyer Jewelers, Whitehall Jewellers, Jostens, QVC, and Sears/Kmart.

Growing controversy over new mine proposals and news stories detailing environmental and human rights abuses and corruption within the gold mining industry have prompted retailers to worry about their brand reputations and have spurred consumers to question the source of their gold purchases. Since the No Dirty Gold campaign was launched two years ago, more than 30,000 consumers have signed a petition urging mining corporations to clean up their act and produce gold more responsibly.

The jewelry industry “leaders” named by the No Dirty Gold campaign have endorsed human rights, environmental, and social justice principles that call for responsible practices in producing gold and precious metals.

The No Dirty Gold campaign is not a boycott on gold, but is working to end destructive mining practices, educate consumers about gold mining’s impacts and build consumer support for industry reform.

Read more March 2006 articles >