State of Fashion: Watches and Jewellery

« It’s the biggest potential we have right now. Fine jewellery is one of the highest-growth categories we have, if not the highest ».

Michael Burke, chairman and chief executive of Louis Vuitton

Business of Fashion and McKinsey report that takes a deep dive into fine jewellery and watches over a five-year time horizon.

State of Fashion: Watches and Jewellery

The swiss gold market and its environmental impact around the globe 2021

deforestation

For thousands of years gold has fascinated humankind. It was considered the sun god’s metal in ancient Egypt and in Latin America. It was used to make jewellery, to store value and formany years most currencies around the world were based on gold reserves. And yet gold is frequently sourced under the worst conditions. Conflict, slave labour, child labour, forced prostitution and the most severe forms of environmental degradation still go hand in hand with gold mining in many parts of the world. In the Amazonas region (in Brazil or in the Madre de Dios Province of Peru) for example, illegal logging goes hand in hand with the spilling of toxic mercury into the environment, with vast areas of virgin forest lost every year, negatively impacting fragile ecosystems and indigenous
populations alike.
Switzerland has a particularly strong relationship with gold: Not only is 50%–70% of the world’s gold refined in Switzerland, but Swiss banks also play a crucial role in marketing bullion. Switzerland is also a primary hub for upmarket jewellery and watchmaking. Despite their reliance on this precious metal, the awareness of watchmakers, jewellers and end consumers of the risks involved with the gold supply chain is, however, still very low. Many of the largest manufacturers of Swiss watches continue to turn a blind eye and refuse to even acknowledge the challenges.
This report addresses the problems head on and serves to raise awareness amongst producers and consumers alike.

https://www.wwf.ch/sites/default/files/doc-2021-11/2021-11-WWF-The-Impact-of-Gold.pdf

Gold and climate change: Decarbonising investment portfolios

Gold and climate change Decarbonising investment portfolios

Gold and climate change Decarbonising investment portfolios by the World Gold Council and specialist climate risk consultancy Urgentem.

Climate change is both a physical reality and a rapidly growing systemic and existential risk that all aspects of society are currently learning to address. It is now widely understood that greenhouse gas (GHG) emissions must therefore decrease very rapidly – ultimately, to ‘Net Zero’ – if we are to avoid potentially catastrophic consequences. The process of decarbonising the economy is such an urgent priority that it is currently reshaping nearly all policy, business, and investment decisions… see full article

Brazil: Indigenous communities reel from illegal gold mining | Environment News | Al Jazeera

Environmental impact In addition to the violence, illegal gold mining is connected to grave environmental impacts such as deforestation, which has skyrocketed on both the Yanomami and Munduruku reserves in recent years. Mercury, a highly toxic substance linked to birth defects and neurological disorders, is used in the gold amalgamation process and pollutes rivers and local food chains that Indigenous communities depend on.

Environmental impact
In addition to the violence, illegal gold mining is connected to grave environmental impacts such as deforestation, which has skyrocketed on both the Yanomami and Munduruku reserves in recent years.

Mercury, a highly toxic substance linked to birth defects and neurological disorders, is used in the gold amalgamation process and pollutes rivers and local food chains that Indigenous communities depend on.

https://www.aljazeera.com/news/2021/6/14/indigenous-reel-from-brazil-illegal-gold-mining

From mine to market

From mine to market

From mine to market – Gold’s untold story brought to life. Highlighting the safe and efficient innovations companies are using to produce gold.

View original Website