DMCC And RJC Announce Cross-Recognition Of Responsible Sourcing Audit Programs

The Dubai Multi Commodities Centre (DMCC) and the Responsible Jewellery Council (RJC) have today agreed to cross recognise their responsible sourcing audit programs.

The mutual cross-recognition means:

RJC recognizes that gold refineries that are accredited by DMCC’s DGD standard and comply with DMCC's responsible sourcing audit, will fulfill parts of Section 10 of the RJC Chain-of-Custody (‘CoC’) Standard.

DMCC will accept RJC CoC Certified gold refineries as demonstrating conformance with the DMCC Practical Guidance and Review Protocol.

Refiners will be able to save costs and reduce audit fatigue.

“Our desire to eradicate conflict gold as part of our goal to create a genuine responsibly sourced supply chain across the world is taking shape. RJC has worked hard on harmonisation and cross-recognition with relevant standards and industry initiatives, including an agreement with the London Bullion Market Association (LBMA) and the Conflict Free Sourcing Initiative (CFSI) cross-recognising gold refiner audits,” said Michael Rae, Chief Executive Officer of the RJC.

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