Gold Sourcing & Ethical Supply Policy
AKV GOLD AND JEWELLERS L.L.C
License No.: 1329332
Company Name: AKV GOLD AND JEWELLERS L.L.C
Business Name: AKV GOLD AND JEWELLERS L.L.C
License Category: Department of Economic Development
Legal Type: Limited Liability Company (LLC)
Expiry Date: 17/03/2026
Issue Date: 18/03/2024
D&B D-U-N-S® No: 2257162
Register No.: 526788
1. Purpose
AKV GOLD AND JEWELLERS L.L.C is committed to ensuring that all gold and precious metals sourced for trading and manufacturing are acquired ethically and responsibly. This policy reinforces our dedication to responsible business conduct, environmental stewardship, and respect for human rights throughout our supply chain.
2. Scope
This policy applies to all suppliers, contractors, and business partners involved in the procurement, processing, and sale of gold, jewellery, precious metals, and precious stones under our license activities.
3. Ethical Compliance
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We strictly adhere to international standards including the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals and the London Bullion Market Association (LBMA) Responsible Gold Guidance.
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Our suppliers must comply with all applicable laws and regulations concerning gold sourcing and trade.
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We prohibit sourcing gold linked to conflict zones, forced labor, child labor, human rights abuses, or environmental degradation.
4. Supplier Due Diligence & Traceability
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All suppliers must provide transparent documentation regarding the origin and chain of custody of gold and precious metals.
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AKV GOLD AND JEWELLERS L.L.C conducts regular risk assessments and audits of suppliers to ensure compliance.
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Traceability and certification systems are mandatory for all suppliers to guarantee responsible sourcing.
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Non-compliance will result in immediate corrective measures or termination of contracts.
5. Conflict-Free Commitment
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We only procure gold verified to be conflict-free, sourced in compliance with international certification schemes.
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Gold or materials suspected of funding armed conflicts or human rights violations will be rejected.
6. Environmental Responsibility
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We support and encourage mining and sourcing practices that minimize environmental impact, including responsible waste management, pollution control, and biodiversity conservation.
7. Continuous Improvement
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AKV GOLD AND JEWELLERS L.L.C is dedicated to ongoing review and enhancement of its sourcing practices in alignment with industry developments and stakeholder expectations.
8. Reporting & Accountability
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Employees, suppliers, and stakeholders are encouraged to confidentially report any concerns regarding sourcing ethics.
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All reports will be investigated thoroughly, with appropriate actions taken to address issues.
9. Training & Awareness
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We provide ongoing training for employees and suppliers to ensure full understanding and implementation of this policy.
10. Policy Review
This policy is reviewed annually and updated as necessary to ensure continued compliance with legal requirements and best practices.
For any queries regarding this policy or to report concerns, please contact:
Email: office@akvgold.com
Phone: +971 503 956 811
AKV GOLD AND JEWELLERS L.L.C is committed to maintaining the highest ethical standards and ensuring our gold supply chain is transparent, responsible, and sustainable.
