UK Fairtrade Gold Sales Soared 440% in 2015

Finance and Trade
08/03/2016 08:52

The Fairtrade Foundation reported that volume sales of Fairtrade gold jumped 440% in Britain last year. The foundation also said Fairtrade mining co-operatives in Latin America sold 170 kg of Fairtrade gold on the global market which generated a ‘Fairtrade premium’ of $340,000 on top of the selling price to invest in community projects, Jewellery Focus reports. In addition, the number of registered goldsmiths using Fairtrade gold in 11 markets rose to 389, with 142 being in Britain. Fairtrade aims to secure higher prices, decent working conditions and fair terms of trade for farmers and workers.