Understanding Recycled Gold According to ISO 21261-3:2024 (DIS)
The classification, sourcing, and refinement of recycled gold have become critical topics in the jewellery and precious metals industry. The introduction of ISO 21261-3:2024 establishes a robust framework that sets rigorous legal, technical, and ethical standards for defining and handling recycled gold. This article provides a comprehensive analysis of this standard, reflecting the legally binding criteria and is intended to serve as a reliable reference for professionals and institutions.
1. Definition of Recycled Gold
Recycled gold, as defined in ISO 21261-3:2024, refers to gold that has been sourced or refined exclusively from 100% eligible recycled sources. These sources include:
This definition explicitly excludes investment gold products unless they are produced exclusively from eligible recycled sources.
2. Eligibility Criteria for Recycled Gold Sources
The eligibility of gold sources is essential to maintaining traceability and compliance. ISO 21261-3:2024 outlines specific requirements for three categories of recycled gold:
2.1 Pre-consumer Recycled Gold (Clauses 3.2, 5.1)
?? Materials must be refined into fine gold by an independent organisation.
?? Organisations cannot classify their own scraps as pre-consumer recycled gold unless:
2.2 Post-consumer Recycled Gold (Clauses 3.3, 5.2)
?? Investment gold (e.g., bars or coins) qualifies only if:
2.3 Waste-recycled Gold (Clauses 3.9, 5.4)
?? Source materials must qualify as recycled gold sources, falling under either pre-consumer or post-consumer definitions.
?? Materials can be pre-treated or pre-refined by third-party organisations, provided they are handled with strict segregation to maintain purity and traceability.
?? Materials not meeting these criteria cannot qualify, even if they originate from low-grade sources.
?3. Refinement and Segregation Requirements (Clause 1, 6)
The refining process plays a pivotal role in maintaining the classification of recycled gold. ISO 21261-3:2024 mandates that:
Segregation ensures the integrity and traceability of recycled gold throughout the supply chain.
?4. Terminology and Prohibited Practices (Clause 4.3)
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To prevent misleading representations, ISO 21261-3:2024 imposes strict terminology rules:
?? Recycled gold
?? Made of recycled gold
?? Recycled gold alloy
?? X-karat recycled gold
?5. Flows of Gold Typologies (Annex A)
Annex A of ISO 21261-3:2024 illustrates three key flows of gold typologies:
5.1 Segregated Flows
Gold typologies, such as pre-consumer, post-consumer, and waste-recycled gold, must be kept segregated throughout the supply chain to preserve their classification. This includes internal handling and returns from manufacturers or customers.
5.2 Mixed Flows
When different typologies are combined, the resulting material is classified as "mixed gold." For example, blending mined gold with recycled gold results in a mixed gold typology.
5.3 Recycling Flows
Pre-consumer and post-consumer recycled gold sources can be combined into a single recycled gold source, provided they meet the standard’s eligibility and segregation criteria.
6.?Key Elements (Clauses 1, 4.3, 6)
?7.?Legal and Ethical Implications
ISO 21261-3:2024 is not merely a technical standard; it is also a benchmark for legal and ethical compliance in the gold industry. By adhering to these guidelines, organisations can:
?Conclusion
ISO 21261-3:2024 provides a robust framework for defining and handling recycled gold, ensuring traceability, integrity, and ethical sourcing across the supply chain. By adhering to these standards, organisations contribute to a more sustainable and transparent gold industry while meeting the expectations of regulators, consumers, and other stakeholders.
For detailed technical guidance, readers are encouraged to consult the full text of the ISO 21261-3:2024 document.
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Assistant Manager - Quality Assurance ISCM @Aditya Birla Group Novel Jewels, NSDC Certified Trainer (Assaying & Hallmark)
1 个月Dippal Manchanda Sir, Thank you for your thorough and insightful analysis of ISO21261-3:2024 and the discussions surrounding the definitions of recycled gold. Your perspective gives valuable clarity on this subject.
Consultant at gold plant project
1 个月Recycled gold is gold recovered from old jewelry, industrial scrap, or e-waste, instead of being newly mined. The ISO 21261-3:2024 standard sets rules for defining and handling it, focusing on clear sourcing, refining methods, traceability, and sustainability. It promotes ethical sourcing and reduces the need for mining, making it essential for industries like jewelry and bullion. How do you think businesses will adopt these practices?
General Manager at Department of Metals & Commodities, IFSCA
1 个月Very informative... Please let me know if we can connect to discuss aspects of assaying and standards related to recycled gold and gold sourced from mines.
Independent Precious Metal Assaying and Refining Consultant
1 个月Responsibility lies on refiners to segregate mix type of scrap and record it internally for the purpose of third party audit to provide traceability. However when delivered to market as refined gold in whichever shape and form (not as legal tender) it will be declared as recycled gold. It also implies that refined gold product can not be produced in house by a scrap dealer or a jewellery manufacturer or a retailer (refer to Eligibility Criteria -Materials must be refined into fine gold by an independent organization ).
Independent Precious Metal Assaying and Refining Consultant
1 个月Many a times, such as in India Case 1 - where gold imports is permitted only through govt nominated agencies in the form rectangular bars in 100gm to 10000gm from refineries abroad are further subjected to either jewellery manufacturing or for converting into investment bars and coins (not legal tender). Case 2 - The scrap jewellery post consumer received by scrap dealer and / or received by retailers in exchange of new jewellery, also are sent to refineries for refined products Case 3 - Discarded refined gold coins and bars - (not legal tender) which refineries accept as scrap, further subject to refining process and convert in to refined gold in form of bars and coins (non legal) will the above three categories classify as recycled gold? Case 3- Dore bars which come along with country of origin certificate issued by respective govt and cleared through customs in India after due verification of documents and payment of import duties. Imports are under actual conditions and straight go to refinery, procseed and converted to fine gold bars with serial numbers and delivered to market with numbers printed on the delivery notes/invoices