Kaloti Group ‘compliant with Dubai gold audit’
Dubai, December 2, 2013
Kaloti Jewellery Factory and Kaloti Jewellery International DMCC, the global trading arm of Kaloti Jewellery Group, have achieved full compliance with Dubai good delivery gold audit.
Kaloti Jewellery Group is the first global gold company to have both its trading and manufacturing divisions comprehensively audited and assured as fully compliant by an independent third party in accordance with DMCC's Practical Guidance on Responsible Sourcing and the Review Protocol.
The auditor, Ernst & Young, covered the period from June 1 to December 31, 2012 and as part of their review included the group’s production facility and the trading supply chains from its six international subsidiaries.
Tarek El Mdaka, managing director, Trading at Kaloti Jewellery Group, said: “We are committed to the responsible sourcing of conflict minerals and we continue to work hard alongside the relevant authorities and international standards to support their efforts in eliminating it from the supply chain.
“As a result, we have ensured that both our trading and refining divisions are audited and fully compliant with DMCC's Practical Guidance on Responsible Sourcing, in doing so becoming the first global gold company to achieve this status.” – TradeArabia News Service