Difference Between Fairtrade and Fairmined

In Laymen's Terms

We discuss both Fairtrade and Fairmined in relation to jewelry industry supply chain transparency, and it’s no wonder that people get confused by the two.

First, don’t think they’re both part of the same thing! At one time they did have a partnership, but after that they decided to pursue their “metals” goals separately. The major difference is that Fairtrade covers a broad range of goods – well beyond metals and mining. In fact, entire communities in Europe call themselves “Fairtrade Communities,” and work hard to only provide goods that are certified as Fairtrade! Fairmined is only concerned with mining. On the other hand, Fairmined has more mines signed up, since they have been in the metals business much longer than Fairtrade. Both are aggressively signing up new members.

Second, don’t confuse “Fair Trade” with “Fairtrade.” The Fairtrade label is a standard. The other is just an idea that people like to talk about!

Finally – pick one and join! When you do, you become part of the social standard, which means you will be audited. This is a good thing. Each of us must take a position in the supply chain as part of the sustainability movement. One of these two standards for metals is a great place to start!

So here is a quick comparison of these two different approaches to supply chain transparency and responsible behavior:

 

Issue

Fairtrade

Fairmined

Purpose

Fairtrade is about better prices, decent working conditions and fair terms of trade for farmers and workers.

It’s about supporting the development of thriving farming and worker communities that have more control over their futures and protecting the environment in which they live and work.

And it’s your opportunity to connect with the people who grow the produce that we all depend on.

Fairmined is an assurance label that certifies gold from empowered responsible artisanal and small-scale mining organizations.

It transforms mining into an active force for good, ensuring social development and environmental protection, providing everyone with a source of gold to be proud of.

Guiding Principles

http://fairtrade.org.uk/en/what-is-fairtrade/what-fairtrade-does

http://www.fairmined.org/what-is-fairmined/

Governing Body

Fairtrade Foundation

The Alliance for Responsible Mining (ARM)

Set Payment to mine based on weight

$2,000 per kilo

$4,000 per kilo

Price of Gold paid to mine

101% - 105% of London Fix

95% - 97% of London Fix

Who can use the mark?

Members

Members

Full Standards

https://intranet.fairtrade.org.uk/
fairfile/index.php/s/T2CJodBX959CvmS

http://www.fairmined.org/the-fairmined-standard/