DEFINITION: A term applied to metals and gemstones purchased or used by consumers (post-consumer), or are a byproduct of manufacturing (pre-consumer) or finished goods that were never in circulation (pre-consumer) that are reused in the manufacturing of new products. Bullion containing any non-recycled metal or manufacturing byproduct reintroduced back into the same production line are not recycled.

See also: definitions of “post-consumer recycled” and “pre-consumer recycled