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Danish Pandora Jewelry Company announced on the 29th that it will no longer purchase newly mined silver and gold for jewelry production, but will instead use recycled silver and gold as raw materials, hoping to reduce greenhouse gas emissions generated by mineral mining.
Pandora Jewelry said on the same day that it has stopped purchasing newly mined silver and gold, and that the two raw materials in stock will be used up in the first half of this year, after which all the silver and gold in the jewelry will be recycled. According to the CEO of Pandora Jewelry, the quality of the recovered precious metals is no less than that of newly mined precious metals.
According to Pandora Jewelry, mining silver and gold requires more energy and resources than recycling these two precious metals, and the new initiative could indirectly reduce the company's carbon dioxide emissions by 58,000 tons per year. The use of recycled silver can reduce CO2 emissions by two-thirds per year compared to mined silver, and the replacement of mined gold with recycled gold can reduce CO2 emissions by more than 99% per year.
Reuters reported that Pandora Jewelry needs to purchase about 340 tonnes of silver and 1 tonne of gold per year. Recycled silver comes mainly from industrial catalysts, X-ray equipment, electronics and used silverware, while recycled gold mainly comes from offcuts, scrap and old jewellery from jewellery production.
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Intern Editor: Li Cong