The Impact of Gold

Switzerland has a particularly strong relationship with gold: Not only is 50 % – 70 % of the world’s gold refined in Switzerland, but Swiss banks also play a crucial role in marketing bullion. Switzerland is also a primary hub for upmarket jewellery and watchmaking. Despite their reliance on this precious metal, the awareness of watchmakers, jewellers and end consumers of the risks involved with the gold supply chain is, however, still very low. Many of the largest manufacturers of Swiss watches continue to turn a blind eye and refuse to even acknowledge the challenges.

This report addresses the problems head on and serves to raise awareness amongst producers and consumers alike.