Pandora Now Using Only Recycled Gold and Silver

February 05, 2024 / www.idexonline.com / Article Link

(IDEX Online) - Pandora says its achieved its target of using only recycle gold and silver in its jewelry.The Danish company says it no longer sources any newly-mined supplies for the 100m-plus items of jewelry it sells every year.Pandora says the move will save 58,000 tons of CO2 a year, equivalent to the electricity used to power 11,000 homes."Precious metals can be recycled forever without any loss of quality. Silver originally mined centuries ago is just as good as new, and improved recycling can significantly reduce the climate footprint of the jewellery industry," said CEO Alexander Lacik.  The carbon footprint of recycled gold is less than 1 per cent of mined gold. For recycled silver it's around a third. Pandora, which manufactures all its jewelry in Vietnam, says it hit the target of using 100 per cent recycled precious metals in December 2023.Generic pic of molten gold.

Recent News

Swings in geopolitical risk premium a major recent gold driver

December 02, 2024 / www.canadianminingreport.com

Gold stocks pull back as metal price slides

December 02, 2024 / www.canadianminingreport.com

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok