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How to Ensure Your Diamond Is Ethical (A Conscious Consumer’s Guide)

Do you know that without knowing where your diamond is sourced, you could be contributing to a black market that funds civil wars?

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Unfortunately, this is not blowing the issue out of proportion.

Some diamonds are mined and sold to finance rebel groups that kill and destroy. Other diamonds are mined under inhumane conditions that bring immense suffering to the miners.

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This is why it is important to ensure that your diamond is ethical.

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But with a lack of transparency about the origins of diamonds, how can you know which stones are sourced ethically?

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This article will answer this question. At the end of the article, you’ll know how to ensure a natural diamond is conflict-free and ethically sourced.

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Let’s start the discussion with where natural diamonds come from!

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Where do natural diamonds come from?

Then volcanic eruptions deliver these crystals to the surface. How are they created?

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Natural diamonds are made from carbon.

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Diamond formation in the earth’s mantle is a slow process that takes millions of years. The mantle then exerts a pressure of about 50 kilograms per square centimetre on the bonded carbon atoms to convert them to crystals.

The diamonds will remain buried inside the earth until volcanic activity brings them nearer to its surface. Volcanic materials and diamonds within them form deposits nearer the earth’s surface, mined today.

These deposits require alluvial mining.

Types of diamond deposits

Primary deposits. Washed down to another location by erosion. – Secondary deposits. These contain diamonds that have broken from their original kimberlites. Large diamond mining companies with state-of-the-art technology perform these operations. These deposits require alluvial mining. These have diamonds contained in volcanic pipes rising from the earth’s mantle (kimberlite pipes).

Secondary deposits require alluvial mining, concentrating on gathering diamonds on the surface covered by sand, gravel, and other surface material. It is used when diamonds can be easily accessed without the need for underground mining.

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However, alluvial mining is often exploited, with workers performing the gruelling physical labour by hand and in unsafe conditions.

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Top diamond-producing countries

Diamonds are found in many countries of the world. But the top producing countries are as follows:

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Russia is one of the biggest players in the world’s diamond market. Exporter of diamonds. In fact, the country accounts for about 30% of the world’s diamonds. It is also the largest producer. The country has the largest diamond reserve.

Namibia is the biggest diamond producer in terms of value. That is, the country’s diamonds have the highest value in the world (valued at about $805 per carat).

Australia is the world’s biggest producer of coloured diamonds. It’s also famous for its red, pink, and purple diamonds. Safe mining practices, fair wages, and humanitarian efforts to better the lives of mine workers characterize mines in these countries.20 carats), which was the largest in the world until the Cullinan diamond was found in 1905. The mine has produced 100+ diamonds larger than 200 carats. The country produces some of the finest yellow diamonds in the world.

Note

What are blood diamonds vs. conflict-free diamonds?

The United Nations defines blood diamonds as “any diamond mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and sold to fund military action against that government.”

The diamonds are mined by enslaved, underpaid, and underage workers and sold to fund rebel groups and warlords.

The proceeds are used to purchase weapons to further their war activities, causing the death and suffering of innocent citizens.

Sometimes, rebel groups fight among themselves for control of the diamond mines, causing more death and suffering among innocent mine workers.

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It is because of the bloodshed associated with these diamonds that they are called blood diamonds.

Blood diamonds are also called conflict diamonds because they are used to finance war activities. Thus, diamonds that have not financed war activities to enable violence against humanity are called conflict-free diamonds.

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The Kimberley Process

As a result of the grave tragedies associated with conflict or blood diamonds, the diamond industry is taking steps to eliminate them.

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First, it mandates trading only with fellow members who satisfy the minimum requirements (relating to conflict-free diamonds). Secondly, it requires a conflict-free certification for every shipment.

Difference between conflict-free diamonds and ethically sourced diamonds

An ethical diamond (or ethically sourced diamond) is a diamond produced under safe working conditions and sound environmental practices, with no human rights abuses or child labour.

Ethical diamonds are superior to conflict diamonds in terms of moral principles.

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Conflict diamonds are simply diamonds not used to finance wars. They do not consider the social. Environmental aspects of ethical sourcing.

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That is, conflict-free diamond does not mean that the miners were not exploited, that child labour wasn’t used, or that the diamonds weren’t produced under condemnable conditions or destruction to the environment.

Ethical diamonds address these issues. So, ethically sourced diamonds go one step further than conflict diamonds.

In addition to ensuring that diamond sale proceeds are not used to finance wars and aggression, they also ensure that diamond production does not involve human rights violations and the mining practices are adapted to limit the negative effects on the environment.

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Specifically, ethically sourced diamonds consider:

– Safe working conditions
– Fair pay to workers
– No child labour is used
– Sound environmental practices

How to make sure a natural diamond is conflict-free and ethically sourced? A lack of accountability in the diamond supply chain makes it difficult to determine that a stone is ethically sourced.

99% of natural diamonds are considered conflict-free. However, most diamonds marketed as “conflict-free” are not ethically sourced.

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You can ensure your diamond is conflict-free and ethically sourced by taking the following steps:

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Check for the Kimberley Process Certification

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It guarantees that a stone is free of conflict, from mining to sale.

Some GIA certificates show the diamond’s origin

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Rely on blockchain technology in diamond trading The best way to ensure your diamond is conflict-free. Ethically sourced is to buy mine-to-market diamonds.

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A mine-to-market diamond is a stone whose journey can be traced (with transparency) from its original mine through all the stops in its supply chain to the diamond seller you want to deal with.

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A diamond supply chain is complex and difficult to trace because it involves many stops (miners, dealers, cutters, distributors, and traders). However, blockchain technology in diamond trading now makes it easy to trace a diamond’s journey from mine to market.

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In blockchain technology, a data block is created and linked to previously created blocks every time a transaction occurs. Thus, using blockchain technology, every transaction regarding a diamond can be traced as it moves from stop to stop in its supply chain. Also, once a transaction is verified, it cannot be altered.

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Relying on blockchain technology in diamond trading eliminates doubts about its provenance and journey and proves ethicality or otherwise.

Don’t hesitate to ask your jeweller A simple way to ensure your stones are conflict-free. Ethically sourced is to ask your jeweller.

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"Buy Diamonds In Thailand 2017"Many retailers disclose the information on their diamond sources and provide written guarantees on labour and environmental standards at the mines their diamonds come from.

Once you have the information, you can do research to check if the practices of the mine are ethical.

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Which countries produce the best ethically sourced diamonds?

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Are lab-grown diamonds a better ethical alternative?

A lab-grown diamond is a diamond that is created in the carefully controlled environment of a laboratory.

In their early days, lab-grown diamonds were referred to as synthetic diamonds. They are real diamonds with the same physical. Chemical composition as natural diamonds. However, they are no longer classified as such because nothing is synthetic about them.

Lab-grown diamonds are advertised as environmental-friendly. For this reason, some people reason that lab-grown diamonds are better ethical alternatives to naturally mined diamonds.

However, there are two reasons why being lab-grown does not automatically make a diamond ethical – they may use unsustainable energy sources and often involve some form of workers’ exploitation.

First is the issue of sustainability. Secondly, there’s the issue of the diamond supply chain. So, there’s no way of knowing whether they use sustainable energy sources that do not damage the environment. Some lab-grown diamond brands do not disclose the amount of energy they use to produce their diamonds or the energy source.

Ethical mining by itself does not equal ethical diamonds because there are other stops in the diamond supply chain where unethical practices can creep in. For example, jewellers need to polish and cut the lab-grown diamond. Thus, many lab-grown diamonds are not free of workers’ exploitation, and therefore not ethical.

Advantages of lab-grown diamonds

Lab-grown diamonds come with some advantages as follows:

Low pricing. The biggest advantage of lab-grown diamonds is their low pricing. – Chemically identical to natural diamonds. So it’s easier to know the origin of lab-grown diamonds. A lab-grown diamond will cost 50 – 70% less than a natural diamond of similar characteristics (carat, cut, clarity, and colour). The labs were the diamonds are produced are known. Despite the low pricing of lab-grown diamonds, they are not inferior to natural diamonds. – Greater certainty of provenance. They are considered real diamonds.

Disadvantages of lab-grown diamonds

However, lab-grown diamonds also have some disadvantages.

Even when you can determine that a lab-grown diamond is truly ethical, these disadvantages of lab-grown diamonds stop it from being a good ethical alternative to natural diamonds. These include loss of value over time. Decolourization over time.

True, not all lab-created diamonds lose their colour over time.

Loss of value over time. When purchasing your lab-grown diamond, you may be unable to tell if it is a low-quality stone that’ll decolourize or lose its shine over time. However, natural diamonds have been flooding the market, causing their prices to drop. The reason for the relatively low price of lab-grown diamonds is more supply. But low-quality ones do. Natural diamonds remain expensive because they are rare. The production of lab-grown diamonds requires a lot of energy. – Decolourizes. True, not all lab-created diamonds lose their colour over time. This means the €1,000 lab-grown diamond you purchase today may be priced at only a fraction of that amount in a few years. Unfortunately, many labs use non-renewable energy sources, making their diamonds less ethical. Since there’s no cap on the supply of lab diamonds, their prices will keep falling. – Requires a lot of energy. Take on shades of yellow or brown.

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Your sparkling diamond should represent lovely memories and promises. It shouldn’t be associated with bloodshed or the suffering of others.

This is why you should ensure your diamond is conflict-free and ethically sourced. Being conflict-free means proceeds from its sale were not used to finance wars and terrorism, while being ethically sourced means its production did not involve human rights abuses.

A lab-grown diamond may be marketed as environmentally friendly, but there’s no way of telling that it is truly ethical. Even if you can determine its ethicality, it’s not necessarily a good ethical alternative to a naturally mined diamond.

Thankfully, when buying natural diamonds, there are ways to determine that they are conflict-free and ethical.

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"Buy Diamonds In Thailand 2017"There’s no denying the beauty of natural colour diamonds; even technical descriptions like ‘vivid’, ‘intense’ and ‘fancy’ are as vibrant as the stones themselves. Their power to capture the imagination and create emotional connection is unparalleled in the gemmological world – and speaks to the very heart of the retail jewellery industry.

"Buy Diamonds In Thailand 2017"Unlike colourless (‘white’) diamonds, which have an intrinsic, quantifiable value based on standardised characteristics and a fairly uniform supply, colour diamonds are far more mercurial. Trends are difficult to predict and can be more easily influenced by supply and demand, and whimsical outside factors like clever marketing and celebrity trendsetters.

Crucially, different colours offer different opportunities for retailers.

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In the eye of the beholder

For retailers, colour diamonds can be divided into two tiers: highly-promoted fancy diamonds whose demand is driven by their scarcity (yellow, pink and blue diamonds), and softly-promoted diamonds whose demand is driven by other factors; brown, pastel and multi-colour diamonds fall into this category.

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The former category tends to fetch a much more significant price-per-carat than that of white diamonds – a vivid pink could be expected to sell for many, many times the price of a flawless white with the same cut and clarity.

In contrast, the latter group is full of far more common and affordable stones; never mind competing in the same league, they’re barely playing the same sport – or so the perception goes.

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However, both products offer rewards for retailers, because the two categories have something in common; they are beautiful, and with the right guidance, consumers’ eyes can be opened to their charms. The common denominator is that they want a diamond that is unique and that has a point of difference from a traditional ‘white’ diamond.

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“For the longest time the trendsetters or marketing masters were telling us that the most desirable or most beautiful colour was a pure yellow, pink or blue.

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“It’s like diamonds that contain inclusions are called inferior, when the nature of the inclusion may make the connection more personal, more special. Inclusions, which I refer to as beauty marks, open up a whole new way to engage in the appearance.”

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When it comes to selling traditionally valuable colour diamonds, there are two standouts: pink and yellow, with blue a distant third. Distantly followed by yellow, then cognac, then blue.”

Neuman says the rarity of purple and red diamonds renders them irrelevant to the retail market: “Very few customers have ever heard of them or know that they exist, but those that do, perceive them as rare and valuable – and unaffordable.”

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The Fancy Color Research Foundation (FCRF) has been tracking the prices of fancy colour diamonds for nearly 15 years and CEO Miri Chen explained, “Yellow diamond prices had a significant dip in 2009 but increased during the following decade by up to 81 per cent, and pink diamond prices rose by 177 per cent [over the same period]. At that point, the world will lose the major source of pink diamonds, a factor that has been driving up prices for the past few years and putting them out of reach for most consumers.

The appeal of pinks is a blend of their rarity and passion for the colour. This generated at least five years of demand from the wealthy Chinese, especially here in Australia,” explains Neuman, who adds: “The most recent instigator of demand has come in the last three to five years, as the distribution channels of pink diamonds have become less controlled and access has been available to almost anyone.”

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When dealing with customers it’s important for retailers to emphasise the scarcity of pink diamonds, as most people aren’t aware of just how rare they are; natural pinks account for a fraction of one per cent of all diamonds mined, and that’s why the premium pricing exists.

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“The perception of a significant proportion of customers is that a pink diamond is just like a white diamond, only pink. The price is secondary to having the desired colour – however most often the desired colour does not fit the available budget! Garry Holloway, director of Holloway Diamonds, says: “With the closure of Argyle next year, we are getting many more requests for pinks and some clients are collecting champagnes again,” adding that Argyle Tender stones have been “rising beyond belief.

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To combat the higher prices of pinks, he emphasises the versatility of smaller stones, saying: “There is still a demand for engagement rings with a white diamond in the middle and then pink diamonds in a halo around it.

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Neuman claims “many people are still not aware that they are an Australian product” while Kovacs adds: “End consumers – especially, it seems, those purchasing at the higher end of the market – don’t understand the scarcity of material. This tool will provide the owner with a document displaying the rarity of the fancy colour diamond based on data from mining companies, the GIA [Gemological Institute of America], fancy colour manufacturers around the world and online surveys, and will reflect years of research and data analysis.

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Chen says the affordability of yellow diamonds plays a big role in consumer demand, explaining: “Naturally, there are more people who can afford to buy yellow diamonds – it doesn’t mean that blue and pink diamonds are less desirable, they are just less affordable. scooped headlines when the 128.

In addition to getting more commercial exposure, yellows currently don’t suffer the supply problem of pinks, Can You Buy Diamonds In Thailand – diamonds.backtoglamour.com – (simply click the up coming web site) as they account for around 50 per cent of mined colour diamonds. One grade up, fancy yellow diamonds are on par with good quality colourless diamonds. There is no continuity to the ebb. Flow of all colours in diamonds. It is not a commercial item that shoppers seek out – unless they have come to awareness through marketing of browns and yellows, or the auction results of pink, blue and other unusual colours. Fancy light-graded yellows are cheaper per carat than colourless diamonds. Can be intensified by being set in yellow gold. So, trends come and go over time,” he says.

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Above: K&K Export Import

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Brave new world

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Low-cost and more common colour diamonds have already proven themselves viable for jewellery; the best example is brown diamonds, which went from being ungraded on the diamond scale and used for industrial purposes, to huge popularity when re-branded as chocolate, cognac or champagne – and now even aubergine.

While some dismiss the ‘chocolate diamond’ as a cynical marketing campaign to sell intrinsically less-valuable stones at a premium, others see it as a way to open consumers’ eyes to the stones’ natural beauty and help them emotionally connect with the jewellery.

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Bronstein is philosophical on the topic: “I’ve always believed that we should discuss the colour of a diamond as a metaphor for another natural object. This is the universal language of colour. Jewellers should feel very comfortable engaging clients in the discussion of ‘what do they see’ – encourage them to come up with a comparison from their knowledge… [and] explore options for what they can afford.

Yet others argue that if colour diamonds are not being bought as an investment – and they shouldn’t be – and the jewellery itself is well priced for the customer’s budget, the only thing that matters is the personal connection.

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“The consumer must be educated that what is beautiful to the individual does not have to meet with anyone else’s approval.

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Kovacs agrees, and says the demand from consumers is definitely there: “Cognacs and champagnes that have good, true colour with no greenish overtones and high clarity have always sold well and continue to do so.”

Shifting the paradigm

In jewellery retail, as in any market, it’s crucial to look to the future and assess economic trends. It’s a familiar story: in the past few years, weak consumer confidence combined with sluggish wage growth has put downward pressure on discretionary spending – particularly on luxuries.

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“Like any industry in the world, gems and jewellery go through cycles of strong activity and weak demand. This is a normal course of business. When business slows, it gives us the opportunity to adapt and change.

“While we tread water, we are essentially preparing for the next big wave that will carry us to the next level. You will sink and be gone before the next ride comes around. Ways of doing business. No one can afford to hold on to old ideas.

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So how can colour diamonds help in this process? Natural coloured diamonds are a niche, specialist field of diamonds. When it comes to traditional colours, pink diamonds are still a solid option if the higher costs can be absorbed; but for some, they are offering diminishing returns and yellows offer an attractive alternative. To gain understanding, one must have experience with them, through buying, selling and researching – working with them on a daily or weekly basis, especially where prices and availability are concerned,” he says. “Most jewellers and consumers do not have the same understanding of coloured diamonds that they do of whites.

He uses the analogy of car mechanics, explaining, “White diamonds represent all makes and models of cars.”

Truly, in the world of colour diamonds, there’s room for retailers at every point in the market. As Bronstein says, “When the messaging is conveyed in an honest, transparent and passionate way, there is something unique, something special, something beautiful and something affordable for anyone who would like a unique piece of the Earth.”

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It has around 500 member organisations worldwide, all of which have been independently audited to show the highest international standards of responsible business practices for diamonds, covering human rights, labour rights, environmental impact, mining practices, product disclosure and many more topics from the jewellery supply chain.

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