Holiday Jewelry Presents Could Be Contributing to Deforestation in the Amazon

What many don’t know is that recent deforestation in the Peruvian Amazon has been driven by demand for gold. The price of gold is currently $1,467.76 per ounce at the time of writing, a dramatic increase from approximately $400 per ounce in 2000. Gold for jewelry is responsible for around 50 percent of global demand for gold.In the last eight years, more than 249 square miles of forest have been cleared for gold mining in the Peruvian Amazon with more than 70 square miles in the last two years (2017 and 2018).

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