News

F. Hinds - The first national jeweller to sign up to The Gold Standard

19th March 2013

Jewellers F. Hinds has offered a Cash for Gold programme in all of its 112 stores for the last five years, with excellent exchange rates but also exemplary management.  It is now the first and currently only national gold buyer to have signed up to The Gold Standard, a voluntary agreement that ensures its customers will be treated fairly, will get a good price and will receive free face-to-face advice, item by item.  

It also makes it harder for thieves to sell their stolen goods as comprehensive evidence of identity is required.  

The Gold Standard is a voluntary code of conduct for the purchase of second hand precious metal and jewellery, and is a partnership initiative between the Police, Jewellery and Pawnbroking industries.  The Gold Standard is endorsed by the Association of Chief Police Officers, Trading Standards Institute, National Measurement Office, British Jewellers Association, National Pawnbrokers Association and National Association of Goldsmiths.  F. Hinds’ Cash for Gold scheme has the support of the police who have expressed their satisfaction with its practices and endorse it as a model of how a responsible gold buyer should operate.

The aim is for the public to be able to see at a glance which retailers meet the Gold Standard and use them in preference to gold buyers who can’t show that they don’t deal in stolen goods.  

"The Gold Standard is an excellent example of how Hertfordshire Constabulary are working in partnership with others to make life difficult for the criminal who wants to sell stolen gold and jewellery", said Inspector Paul Lawrence, Community Safety and Crime Reduction Department County Crime Prevention.  "It spotlights those jewellers who trade responsibly by introducing a number of verification measures enshrined in The Gold Standard. This initiative is intended to provide both the retailer and the customer with a sense of added security, whilst making it difficult for criminals to dispose of stolen property”  

Pravin Pattni, Chairman of the National Association of Goldsmiths (NAG) commented, “The Gold Standard is a vital part of halting the worrying increase in thefts of Asian gold and the targeting of Asian households by burglars.  By requiring the seller to prove full identity and the jeweller to keep comprehensive records, makes it far harder for criminals to sell stolen gold.  It will also help the police identify thieves.  We believe that the public will strongly support those companies who follow the highest ethical practices by only selling their gold and other precious metal at a Gold Standard retailer."  

“Customers can be reassured that every one of our F. Hinds stores across England and Wales already met the requirements of The Gold Standard even before it was introduced”, said Director Andrew Hinds, “which makes it harder for criminals to profit from their crime and easier for stolen pieces to be recovered and returned.  We hope this will help to lead to the disappearance of the market in stolen jewellery.  Please use a Gold Standard retailer when selling your gold to help prevent crime”.  

A list of Gold Standard retailers may be found at:- www.bja.org.uk/en/the-gold-standard/registered-retailers.cfm.  An alphabetical location list of F. Hinds’ stores is attached.