PAMP newsLOCAL AND AROUND THE WORLD

  • PAMP And UNESCO Announce New Coin And Medal Series

    PAMP and the United Nations Educational Scientific, and Cultural Organization (UNESCO) have announced their partnership in bringing a new series of coins and medals to collectors throughout the world. This global initiative will build on the success of UNESCO's popular World Heritage coin series to spread awareness and support for the organization's full-range of international endeavors.

    Serving as “silent ambassadors” to the world, the coins and medals of this new series will highlight the entire scope of UNESCO's mission in the areas of education, natural sciences, social and human sciences, culture, communication and information. The series will also be designed to feature depictions of UNESCO's special events, anniversaries and international days, years and decades.

    Throughout this endeavor, PAMP will assume the overall management responsibility for the initiative and together with UNESCO will invite the world's central banks and national mints to join in issuing their own programs of coins and medals.

    An international distribution network will be assembled to make this series easily accessible to a world of collectors. Sales of these coins and medals will help support UNESCO in its worldwide missions and spread awareness of its diverse array of good works to the international community. The first coins and medals of the series are scheduled for release at the end of this year.

    To view the official press release for this program, please click here

    For more information on UNESCO's missions and this program, please click here

  • LBMA and RJC Emphasis Responsible Sourcing in the Gold Industry

    BASELWORLD 2012 – Two of the leading bodies in the precious metals industry explained, during a special conference presentation, why conflict-sensitive sourcing has become important in the gold supply chain and the important role gold refiners play in due diligence.

    The London Bullion Market Association (LBMA) is an international trade association that represents the market for gold and silver bullion. The Responsible Jewellery Council (RJC) represents more than 360 members committed to promoting responsible, ethical, human rights, social and environmental practices in the jewellery industry.

    The refiners’ due diligence will support customers in the watch and jewellery supply chain. LBMA and RJC also discussed the industry initiatives and the work by the Organisation for Economic Cooperation and Development (OECD) on Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

    “Determining the origin of gold in the jewellery supply chain will be a strong focus for companies affected by the United States’ Dodd-Frank Act or seeking to implement the OECD Due Diligence Guidance. The RJC is delighted to launch its Chain-of-Custody Certification Standard for gold and platinum group metals this week, in order to support companies seeking to apply greater due diligence in the watch and jewellery supply chain, whether for compliance, or as part of a responsible sourcing strategy,” said Fiona Solomon, Director, Standards Development, RJC.

    “The LBMA has expanded its existing accreditation process for gold refiners to include responsible sourcing. The LBMA Responsible Gold Guidance is now a formal requirement of Good Delivery for all gold refiners, in order to ensure that all LBMA Good Delivery Refiners’ production is free from conflict gold. The Guidance formalises and consolidates existing high standards of due diligence amongst all LBMA Good Delivery Refiners,” said Ruth Crowell, Commercial Director, LBMA.

    Note: PAMP is a referee of good delivery requirements for the LBMA and, as a part of our commitment to conflict-sensitive sourcing, achieved RJC official certification in December 2012.