The Responsible Jewellery Council (RJC) has announced the launch of its new Chain of Custody Standard (CoC).
The CoC standard was launched in 2012 as a voluntary standard for creating a chain of custody for precious metals that are responsibly produced, processed and traded through jewellery supply chains, and that are third party assured at every stage.
This follows a review initiated in August 2016, involving three rounds of public consultation, input from over 150 industry and non-industry stakeholders, and contributions through webinars, workshops and meetings.
Revised due diligence requirements have been developed, and the CoC Guidance document has new sections.
These changes bring the CoC into alignment with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas for gold and platinum group metals.
Important clarifications have been made to the criteria on eligibility of CoC material to make it more practical for today’s supply chains, for example, on how to source eligible e-waste.
Anne-Marie Fleury, director of standards and impacts at the RJC, said: “After an insightful research and consultation process, we are immensely pleased to present the new 2017 CoC Standard.
“By updating the Standard, we are further precipitating the growth and reputation of the RJC as we navigate the changes and challenges facing the gold and platinum group metal supply chains. We are deeply grateful to our Standards Committee for their time, expertise and guidance in revising the standard.”
Certification against the new standard will begin from April 1 2018.
RJC members due for CoC re-certification in 2018 will have the option to get re-certified against either the 2012 CoC or the 2017 CoC. Following this grace period, all members due for CoC re-certification will be certified against the 2017 CoC.
Members that join the RJC from 1 April 2018, must use the 2017 version of the CoC Standard.