Responsible Gold Sourcing
Hyde Park Jewelers is fully committed to the responsible sourcing of gold and other minerals that make their way into our jewelry products. Whenever possible, we procure recycled metals (including gold, platinum and sterling silver) to use in repairs and manufactured pieces. We believe gold should only be extracted and processed in a manner that respects the needs of people and the earth.
We strongly believe in the goals of the conflict minerals law, which Congress passed as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to target conflict minerals, including gold, from the Democratic Republic of the Congo (DRC) and surrounding region. Hyde Park Jewelers fully condemns the use of any minerals to fund conflict in the DRC, in its adjoining countries or anywhere in the world. To increase adoption of these practices across our industry, we encourage our business partners to also adhere to the same responsible business practices.
With that in mind, we actively ask our suppliers to affirm to us, in writing, their commitment to the responsible sourcing of gold and do not conduct business with manufacturers who do not meet our standards for ethical sourcing of materials. We believe a commitment to responsible gold must include suppliers, to ensure that responsible practices are addressed at every point in the supply chain. Without the engagement of all segments of our industry, retailers' individual pledges to source responsibly will not be meaningful.
We strongly support the efforts of our trade association, Jewelers of America (JA), to collectively ensure good practices at every level of the supply chain. JA actively participates in and supports initiatives such as the Alliance for Responsible Mining (ARM), the Diamond Development Initiative International (DDII), and the Initiative for Responsible Mining Assurance (IRMA). We are therefore very much involved in, not only ensuring we understand the issues as they stand, but in helping to resolve them.