International News
CIBJO recommends new definition of ‘recycled gold’
The World Jewellery Confederation (CIBJO) is recommending a new definition of “recycled gold״ to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces.
The definition, which covers recycled materials recovered during manufacturing and fabrication processes before being sold to consumers, and also gold recovered from materials after they have been sold to consumers, was developed through extensive discussions among industry experts. It is designed to set stricter criteria for secondary and circular gold supplies, and aims to improve the identification of inputs and outputs in the gold refining and fabrication processes, as well promoting transparent and responsible sourcing.
CIBJO acknowledged the contribution made by the International Standardisation Organization (ISO) in creating a draft of the definition, as part of a wider standard ISO was developing for responsibly sourced gold, a project in which CIBJO was an active participant.
“There has been growing confusion about the different names and labels for re-refined gold,” explained CIBJO President Gaetano Cavalieri. “The new definition provides a clear statement and set of criteria for recycled gold, which is more stringent than definitions for many other materials. The industry needs a clearer definition to avoid consumer confusion and greenwashing, and to enhance trading practices and supply chain transparency.”
The new definition has already being accepted as a substantial improvement by leading jewellery industry participants and associations, and key industry bodies like the London Bullion Market Association (LBMA) and the World Gold Council (WGC) are considering how to incorporate the main elements of this definition into their guidance and responsible sourcing practices. For its part, the Responsible Jewellery Council (RJC) has already included a definition based on the same criteria in its updated Chain of Custody standard.
International News
Platinum Market Demonstrates Strong Resilience With Price Recovery
Rebound In Platinum Prices Is Primarily Attributed To Softer U.S. Dollar Sentiment and Declining Treasury Yields
Global commodities markets are observing a significant shift in precious metals, as platinum (XPL) demonstrates a robust price recovery following a stabilization period in key support zones. The asset class is currently experiencing a constructive short-term upward trajectory, heavily influenced by shifting macroeconomic indicators and evolving geopolitical dynamics.
The recent rebound in platinum prices is primarily attributed to a confluence of favorable macroeconomic factors, including softer U.S. dollar sentiment and declining Treasury yields. This capital reallocation toward precious metals has been further accelerated by a preliminary U.S.- Iran peace agreement. The geopolitical breakthrough has effectively mitigated energy inflation anxieties, providing a tailwind for industrial and precious commodities alike.
From a technical perspective, platinum has successfully established a firm baseline within the $1,650–$1,750 support corridor. Current market momentum indicates a near-term progression toward the $1,850–$1,900 resistance zone.
While current indicators support a bullish short-term structure, institutional analysts emphasize that the asset’s mid-to-long-term trajectory remains contingent upon upcoming regulatory and macroeconomic milestones.
The impending Federal Reserve policy decision serves as a critical focal point for the market. Stakeholders are advised to monitor the following primary risk factors that could impact market consolidation or trigger a breakout:
- Monetary Policy Signalling: A hawkish stance from the Federal Reserve could strengthen the U.S. dollar, potentially capping platinum’s upward momentum.
- Industrial Demand: As a dual-use asset, platinum’s long-term valuation remains closely tied to global industrial manufacturing output.
- Technical Breakouts: Sustained price action above the $1,900 threshold will be required to validate a broader macro-rally toward the next institutional target of $2,170.
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