The difference between new-mined and recycled gold

What is the difference between recycled gold and new-mined gold?

Absolutely nothing. Gold is gold, whether it is directly fresh-mined or old / used gold that has been endlessly recycled (refined).
For example, rainwater is rainwater; however many times it evaporates from a puddle, turns into a cloud and rains down again it's always pure rainwater!
So, recycled pure gold is identical to fresh-mined pure gold when it ends up in your jewellery.
The closest you can get to calling a form of gold "ethical" or "environmentally friendly" is sustainable recycled gold. Even then it's the action of recycling which is ethical ... not the gold itself. However, recycled gold is the only sound choice for the environmentally conscious jewellery buyer.

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