conflict diamond

  • The “What To Know Before You Go” Diamond Buying Guide

     

    Not many things in life carry the emotional thrill that comes with buying the perfect piece for the one you want to spend forever with. If you’re starting to venture into this world of diamond buying, let this guide help you make educated and stress free decisions. Here are  Five Tips to consider before you go ring shopping.

    Tip 1: Have a clear understanding of the 4 C’s of Diamond Buying

    The 4 C’s of diamond buying include: Cut, Clarity, Carat and Color. Having a basic understanding of these 4 diamond characteristics will help you have better conversations with your jeweler and offer you the vocabulary to ask important questions with. 

    Tip 2: Set a budget that works for you. 

    Forget every rule of thumb you’ve heard in the past, and instead make sure you are comfortable with the amount you’re looking to spend. This number will also enable your jeweler to show you all that’s possible. Because of our customized approach, we have engagement rings that fit every budget and style. We do not work off commission so you can feel confident knowing that this will be a stress free experience. 

    Tip 3: Decide which of the 4 C’s will be most important to you and your partner. 

    For some, carat size is the most important, while others focus on color or clarity, but the “C” that determines the sparkle/luster and beauty of a diamond is the cut. Some other things to also consider are colored diamonds or fancy cut non-traditional diamonds.  

    Tip 4: Understanding the role Table Size plays in a diamond. 

    Table size or table percentages indicate the ratio of the width of the diamond's top facet (table) in relation to the width of the entire stone. When it comes to diamond tables, bigger is not always better. If the diamond table is too large, the upper facets on the crown will lack the room to disperse light. Generally, the best-looking diamonds have table sizes in the range of 55% to 60% (measured as a percentage of the diameter of the diamond). The size of the table is more important in larger diamonds, say over 1/2 ct.

    Tip 5: Verify that it is a GIA certified diamond

    Feel confident asking to see the diamond certificate. This is a monumental purchase so of course you want to know that what you’re buying is authentic and conflict free. GIA tests every diamond submitted to establish its authenticity as a diamond and whether it's been subjected to treatments. GIA reports provide a full description of the diamond, including color, weight, measurements, and cutting style, and will disclose any known treatments.

    At La Bijouterie, our sole purpose is to help couples achieve a milestone moment in their lives any way we can. We believe in quality over quantity, and educating always. Before pulling the trigger on such an important decision, book a no stress 30 minute 1:1 appointment.

    At Your Service,

    Set F.

    Founder, La Bijouterie

  • The Good, the Bad & the Ugly: Everything You Ever Wanted to Know About The Diamond Industry

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    You’re about to make the biggest purchase of your life, yet wish you could clarify a few questions and clear up a few rumors you have heard about the diamond industry as a whole. Well look no further because we’re debunking some of the common misconceptions in hopes you breathe a sigh of relief.

    Myth: Diamond mining is terrible for the environment

    Reality: Considering little to no chemicals are used during diamond mining, (which would otherwise be harmful to the staff’s health), diamond mining is generally less harmful to the environment than other types of mining. Additionally, the orebodies used in mining are vertical not horizontal, ultimately affecting less of the surrounding area. Many companies have established protected habitats adjacent to their operations, often times larger than the mining operation itself.

    Myth: There is a high chance that you could buy a conflict diamond

    Reality: One of the most popularized myths of all is the issue of conflict diamonds — or “blood diamonds”. During the brutal civil wars in Sierra Leone and Angola in the 1990s, the diamond industry has made great strides given what this time unveiled. Since the introduction of the Kimberley Process (KP) certification scheme and the World Diamond Council (WDC) System of Warranties, more than 99.8% of the world’s diamonds are certified conflict-free, with the support of 81 countries.

    Today the industry is mostly self-regulated, and various countries have additional layers of government regulation in place. The UK’s Government Diamond Office, for example, works closely with HM Revenue & Customs, the European Commission and civil groups to combat illicit diamonds.

    Additionally, there are voluntary and self-regulation systems that are effective in maintaining the diamond pipeline. Like most jewelers, we want to ensure our customers have the confidence to know that our source of supply is conflict-free. Additionally, may jewelers subscribe to the Responsible Jewelery Council, De Beers’ Best Practice Principles, and the Signet Responsible Sourcing Protocol.

    Myth: The diamond industry is a monopoly, owned by De Beers.

    Reality: The good news is no one company has had controlled the market for decades. This myth dates back to the 1980’s when De Beers did indeed control over 90% of the supply chain and was almost wholly responsible for marketing diamonds, having developed its famous “A Diamond Is Forever” slogan in the 1940s. This also led to the perception that De Beers “invented” the diamond engagement ring, when in fact the first was recorded as early as 1477 byArchduke Maximillian of Austria, who commissioned the very first diamond engagement ring on record for his betrothed, Mary of Burgundy.

    By the 1990s, the market for new mining companies opened, breaking the hold that De Beers and Alrosa had on the industry and ushering in a new wave of diamond discoveries in Angola and Canada, according to Pouroulis.

    Today De Beers company share of the diamond market is closer to 35%, while five other companies divide the remaining 65% of diamond share.

    Myth: Diamond mining individuals and communities are mistreated and at-risk

    Reality: To first understand why this myth is so false, you must first understand how the mining process works and how much diamond mines actually help strengthen a community. The isolated nature of diamond mines means the workforce lives close by and develops a community spirit, which the diamond industry supports by investing in hospitals, schools, training and bursary programs.

    For example, 33% of Botswana’s GDP comes from diamond mining, and an estimated five million people globally have access to health care thanks to diamond revenues, according to diamondfacts.org.

    Today’s mining is not done by hand but is quite automated with miners moving millions of tons of rocks per year. Miners operating large earth loaders in open pits or underground would never even see a diamond.

    Myth: The diamond industry is secretive and closed to outsiders and not to be trusted.  

    Reality: This myth simply stems from a place of fear. The high-value nature of diamonds may be to blame for the presumption that the industry is filled with inaccessible people and organizations, more comfortable with secrecy than transparency. The reality is there is a whole spectrum of hard-working people all at different levels of financial success. Just like any business, success in the diamond industry is all dependent on how a business has been built.

    It’s not uncommon for society to expect to see businesses reporting on their social activities, financials and stakeholders to increase transparency and trust. This shift in societal expectation has created major changes in the diamond sector for the better - more transparency and more trust.

    You might also be pleased to know that diamond retailers such as De Beers are not sitting on stockpiles of diamonds nowadays, but instead build up inventory before making a sale as any retailer would.

    Have a question that wasn’t addressed above? Leave us a comment below!

    ~ LB

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