We discuss both Fairtrade and Fairmined in relation to jewelry industry supply chain transparency, and it’s no wonder that people get confused by the two.

First, don’t think they’re both part of the same thing! At one time they did have a partnership, but after that they decided to pursue their “metals” goals separately. The major difference is that Fairtrade covers a broad range of goods – well beyond metals and mining. In fact, entire communities in Europe call themselves “Fairtrade Communities,” and work hard to only provide goods that are certified as Fairtrade. Fairmined is only concerned with mining. On the other hand, Fairmined has more mines signed up, since they have been in the metals business much longer than Fairtrade. Both are working hard to sign up new members, though the process is intensive and takes a long time to complete.

Second, don’t confuse “Fair Trade” with “Fairtrade.” The Fairtrade label is a standard. Fair Trade - with a space - is the concept of fair trade, but not a specific standard or program.

Finally – get involved. When you buy your metals through a Fairmined or Fairtrade initiative, you become part of the social standard, which means your metal supply chain is audited. This is a good thing. Each of us must take a position in the supply chain as part of the sustainability movement. One of these two standards for metals is a great place to start!

So here is a quick comparison of these two different approaches to supply chain transparency and responsible behavior: