Page 19 - Bullion World Volume 5 Issue 05 May 2025
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Bullion World | Volume 5 | Issue 05 | May 2025
Session 2
Recent Trend in Silver Recycling.
Mr Kinjal Shah, Responsible Jewellery Council,
Mr C P Abidh, Ahlatci Metal Refinery FZCO, Mr Tarek Shakarchi, MKS PAMP Group - Online
Mr Abidh opened the session by underlining the increasing significance of silver recycling
amidst a global shift towards sustainable sourcing. He emphasized the need for the
Indian silver ecosystem to adapt to evolving international norms that prioritize ethical and
environmentally responsible sourcing.
Driving Factors for Recycling:
Mr Kinjal Shah explained that global brands, especially in Europe, are
mandating recycled metals to align with ESG goals and reduce their
carbon footprint. This transition also appeals to environmentally conscious
consumers, offering commercial and reputational advantages.
Challenges in Implementation:
Mr Kinjal Shah noted that Indian manufacturers are often resistant to
adopting sustainable practices due to a lack of awareness and focus on
short-term profits. However, more refiners are now pursuing Chain of
Custody certification, which promotes ethical recycling practices.
Mr Kinjal Shah
Responsible Jewellery Council
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