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GEM-Trading implements key practices to ensure ethical sourcing of gold and diamonds:

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Rigorous due diligence process across the entire supply chain in accordance with international frameworks such as:

OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

Responsible Jewellery Council (RJC) Code of Practices

Kimberley Process Certification Scheme (for diamonds)

Key steps:

Identify and assess risks in the supply chain

Conduct risk-based audits on suppliers

Establish a risk mitigation strategy

Ensure continuous monitoring and improvement.

01 
Supply Chain Due Diligence

Ensure that minerals are not sourced from areas that fund armed conflict or contribute to human rights abuses. This includes:

Only sourcing the diamonds certified under the Kimberley Process

Requiring suppliers to sign declarations confirming the conflict-free origin of gold and diamonds.

Avoiding trade with mines or traders operating in sanctioned or embargoed regions.

02
Conflict-Free Sourcing

Maintain a documented and traceable chain of custody for every transaction involving gold and diamonds.

Best practices:

Use blockchain or digital traceability platforms where possible.

Keep detailed records of origin, handling, and transformation at every stage.

Require full documentation (mining licenses, export permits, KYC documentation) from upstream suppliers.

03
Transparent Chain of Custody

Partner with accredited third-party certification bodies to validate compliance.

Relevant certifications:

RJC Certification (for gold, diamonds, and Jewellery supply chains)

London Bullion Market Association (LBMA) Good Delivery Certification (for gold)

Fair mined or Fairtrade Gold certification (for artisanal gold mining)

Conduct regular audits and compliance checks to maintain transparency and credibility.

04
Third-Party Certification and Auditing

Ensure that all sourcing practices uphold international labour standards, including:

No use of child labour or forced labour.

Fair wages and safe working conditions.

Respect for indigenous and local community rights.

Gender equality and diversity in the workplace.

Work only with mines and suppliers who demonstrate compliance with ILO standards and UN Guiding Principles on Business and Human Rights.

05
Human Rights and Labor Standards

Reduce environmental impact across mining, processing, and transportation.

Sustainable practices include:

Partnering with mines that use responsible mining methods (e.g., non-toxic extraction processes).

Encouraging land rehabilitation and ecosystem restoration.

Monitoring water usage and waste management.

Minimizing carbon footprint in logistics.

06
Environmental Stewardship

Promote inclusive economic growth by:

Supporting local employment and capacity building.

Investing in infrastructure, health, and education in mining communities.

Ensuring that a fair share of profits benefit local and indigenous populations.

Engaging in regular dialogue with community stakeholders.

07
Community Engagement and Benefit Sharing

Ensure your organization and team are aligned with ethical goals by:

Developing an internal code of ethics and sourcing policy.

Conducting regular training on responsible sourcing, anti-corruption, and compliance.

Encouraging whistleblowing and transparent reporting channels.

08
Internal Ethics and Training

Ethical sourcing of gold and diamonds is not only a moral obligation, it’s a competitive advantage in an industry increasingly focused on trust and sustainability. By implementing these practices Our company is positioned as a responsible leader and long-term partner in the global mineral trade.

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Ethical Sourcing Practices

Ethical Sourcing Practices in Gold and Diamond Trading

Ethical sourcing in the mineral trade is not just a regulatory requirement, it is a commitment to human dignity, environmental stewardship, and long-term business integrity. 

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