Jewelry industry

Ghana: Gold Coast Refinery Certified to Participate in Global Jewelery Industry

Gold Coast Refinery (GCR), a Ghana-based gold refining company, has received a major boost in its operations following certification by the Responsible Jewelry Council Certification (RJC), a subsidiary of the London Bullion Market Association .

The new certification means that the company can now actively participate in the global fine jewelry industry by adhering to responsible business.

The RJC is the leading standards authority for the global watch and jewelry industry working with its members around the world to create a sustainable supply chain.

Speaking to the Ghanaian Times in Accra, GCR Chief Executive Officer Dr. Said Deraz said RJC certification was a reward for the tireless efforts and standards set by the company.

He explained that his team had implemented a responsible supply chain with a strict focus on due diligence procedures to meet the criteria of the audit process.

“This has been achieved with the help of the Western Regional Coordinating Council of the Government of Ghana and Viewtag Ghana Gold Expo, a mining policy and advocacy group that promotes responsible mining,” he said. He underlines.

Dr Duraz said the GCR was established in 2016 as a state-of-the-art gold refinery with the capacity to produce 180 tonnes of gold at 999.9 ppt.

He said the company was government-licensed and mandated to buy, assay, smelt, refine and export gold, pointing out that “the refinery provides other services within the industry, including vault services. -fort, logistics, capacity building and training”.

Narrating the gold industry in the country, he said Ghana has been mining gold for centuries and the arrival of the GCR was to bridge the value addition gap in the industry.

He said the challenges in Ghana had always been adding value to the gold produced by small-scale miners prior to export, as well as the use of mercury and other chemicals harmful to the environment and human health. .

The RJC Code of Practice was the only industry standard covering the entire international jewelry and watch supply chain, as endorsed by the LBMA.

“This certification from GCR will allow unimpeded access to the international market for Ghana’s refined gold,” he said.

Dr Duraz said the certification would not only help the company but also help to establish Ghana as the regional center for the international gold trade.


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