Thanks for the effort. But I would like to know: What is the difference between the price of the gold produced by smalls-cale miners and the price of rings made from the same gold, weight by weight?

CDNKassla

It is a very good question asked here by Dr Kassala.

The difference is huge, especially when the consumer product is a golden ring spiced-up with one the rarest cut gemstones like ruby, sapphire or tanzanite, also mined by small scale miners.

What small scale miners earn from selling raw gold or gemstones to the jewelers compares as peanut with what the Fairtrade Gold multinational earns from its input of skills and time in the generation of end consumer products like golden rings (often spiced up with cut gemstones), same as the value animals earn from direct consumption of values in the environment compares with the value humans earn from their value addition to the values they harvest from the environment.

Yes, the introduction of fairtrade gold earns small scale gold miners a little bit more as it also helps them onto safer and environmental friendly mining and recovery methods which are more efficient and productive, but, disproportionately earning the Fairtrade Gold Multinational a lot more in the form of the value it harvests in its value addition to generate end consumer products like golden rings from the raw gold and gemstones it buys from small scale miners.

Fairtrade Gold would contributed meaningfully and on a win-win partnership with the small scale miners if also shared with them the input of skills and the value it generates in the generation of end consumer products like golden rings from the raw gold produced by the small scale miners, that is, if enabled the small scale gold miners to share in the production of end consumer products like gold rings from the gold they sell raw to Fairtrade Gold multinational. Small scale gold mining men should be enabled to earn deserved price for their society through the generation of raw gold, as the small scale gold mining women are enabled to earn deserved price for their society through the generation of end consumer products like golden rings from the raw gold mined by the men counterparts.