Fairalloy - Frecuently Asked Questions (FAQ)
Do I need to create an account to make purchases?
No, an account is not required for shopping on our store. However, unregistered purchases will be reported on the Fairmined Connect platform for traceability purposes, ensuring compliance with Fairmined standards.
What payment methods are available for purchasing on Fairalloy?
You can pay for your purchases through a direct bank transfer.
Can I order personalized products?
Absolutely! If you can’t find the product you need, contact our company through the provided form, and we can create custom products based on your specifications.
Are you the manufacturers of the products offered on the page?
Yes, we produce all the products we offer, guaranteeing traceability and adherence to the Fairmined Standard.
Why does the checkout only allow requesting a quote and not immediate payment?
When you make a purchase on our page, you’re requesting a quote. Our team verifies shipping coverage and updates the price before your potential purchase, considering the Gold London Fix PM closing.
How much does cost Fairmined gold?
Our prices are the sum of the international gold price, the Fairmined social contribution, and our premium. In this link you can learn more about the price calculation.
What is the Fairmined social contribution?
It is the amount paid to the certified mine as a reward for meeting the strict requirements of the Fairmined Standard, exclusively aimed at improving worker and community conditions.
What is the international price of gold?
We use the London Fix PM price published by the London Bullion Market Association as a reference for negotiating purchase and sale prices. On days without this price publication, we do not provide quotes.
Which countries do you ship to?
We offer worldwide shipping. Currently, standard shipping is available to the United States, Canada, European Union, United Kingdom, Norway, Switzerland, Singapore, and some regions of Thailand and India. If your location is not listed, feel free to contact us to check if standard shipping is possible or if alternative options are available.
Are there additional shipping costs?
Destination taxes are the responsibility of the buyer. However, most of the countries we currently ship to are duty-free. If you have questions about taxes, please don’t hesitate to reach out to us for clarification.
What is Fairmined?
Fairmined is a certification mark for the responsible and ethical origin of precious metals. What sets Fairmined apart from other initiatives aiming to guarantee or certify the origin of metals like gold is its rigorous control over certified metals. This is achieved through the registration and validation of each transaction, from the certified ASM mine to the licensed jeweler, all managed through a centralized control platform. This control philosophy prevents the Fairmined mark from being used as a form of Greenwashing. There are several reasons why you should consider being part of Fairmined, and you can find more details in this article.
Is Fairmined gold real gold?
Absolutely! Physically and chemically, Fairmined gold is the same as any other gold. What sets Fairmined gold apart is its rigorous traceability. The entire supply chain is identified and audited, and inventories are controlled through a centralized system. You can learn more about Fairmined in this article.
How can I offer jewelry with Fairmined certification?
You can offer jewelry by becoming a Fairmined licensee. To become a licensee, you need to fulfill certain requirements outlined in this document. We also invite you to explore the rest of our FAQ to learn more about Fairmined.
Does becoming a Fairmined licensee have any costs?
Yes, you must pay an annual subscription fee of USD 75 to the ARM and simplified audit fees every three years amounting to USD 300. Licensees who consume more than 1,500 grams of gold or 20,000 grams of silver must undergo a complete audit every two years conducted by an external organization.
How do I record my transactions with Fairmined metals as a licensee?
You only need to validate purchases made by your Fairmined product provider on Fairmined Connect. Sales information for your jewelry and the metal used should be kept in your business records, to be presented only during the audit process, maintaining the confidentiality of your customers’ information.
Why should I enroll as a Fairmined licensee?
The Fairmined standard on the traceability of the metal. If the journey of the metal to the final jewelry is unknown, it cannot be guaranteed that it is the same metal from the certified mine. Therefore, all actors involved in the Fairmined initiative must be identified, each transaction recorded and validated, and everyone must adhere to the correct practices outlined in the Fairmined Standard. Your registration as a licensee helps determine the final destination of Fairmined-certified metals and ensures the accuracy of statements made to your customers.
Can I make purchases if I am not yet a Fairmined licensee?
Yes, by using certified Fairmined metals, you ensure that the raw materials you use are ethically sourced and traceable. However, as a non-active licensee, you will have restrictions on using the Fairmined mark and cannot promote your products as Fairmined certified. Sales made to you while not a licensee will be reported on Fairmined Connect as sales to non-licensees, concluding the traceability control.
How do I become a Fairmined licensee?
Why can't I register as a Fairmined licensee on the Fairalloy website?
While we are an authorized Fairmined provider, the Standard is managed by the Alliance for Responsible Mining (ARM), a nonprofit organization independent of the companies involved in the initiative. This organization administers the standard and regulates licensees.
Where do I pay the Fairmined premium for certified producers?
The price of the products we offer includes the payment of the Fairmined premium and the contribution for the administration of the organization.
How much Fairmined gold or silver must I use to sell a jewelry piece with the Fairmined label?
The entirety of the gold or silver in a gold jewelry piece must be Fairmined. There are exceptions, but they cannot exceed 15% of the total gold content in the jewelry. You can find more information in this document.
Some gold in my jewelry is not Fairmined. Can I still claim it is a Fairmined piece?
No, to promote your jewelry as Fairmined, it must meet the requirements for Fairmined Labeled. If it is not possible for the jewelry to be entirely made of Fairmined gold, you can consider implementing Fairmined Incorporated, which allows you to declare the use of Fairmined to stakeholders but not customers.
What is metal segregation, how does it work, and why should I apply it in my Fairmined jewelry production?
Metal segregation in Fairmined ensures that the buyer is guaranteed that the jewelry is made with ethical, sustainable, and traceable metals. Having processes that can guarantee segregation is crucial to offering Fairmined Labeled products. However, not all companies can ensure segregation integrity. In such cases, you can opt for Fairmined Incorporated.