A few years ago, lab made diamonds made their mark on the diamond industry and shed light on different aspects of the naturally occuring diamond world.
From blood diamonds, or diamonds mined in a war zone and sold to finance an insurgency, to environmental concerns around carbon footprint with mining diamonds and biodiversity, consumers quickly wanted information around the integrity of the naturally occurring diamond they were purchasing and rightfully so.
So what is the natural diamond industry doing to be on the right side of history, especially with many online retailers positioning lab made diamonds as an “ethical choice,” versus natural diamonds? To start, 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.
Over the last few years, the natural diamond industry has set out on its journey to decarbonize in line with global climate targets. As part of their carbon reduction strategies, NDC members are developing renewable energy projects, often in developing countries where it is harder to source energy, as well as engaging in carbon offsetting projects and investing in programs to sequester carbon. (Source)
As much as 99% of the waste from diamond recovery is rock and 84% of the water used in diamond recovery is recycled. The natural diamond industry abides by global environmental standards and stringent national laws. Before a single diamond is recovered, environmental permissions must be granted by governments with a legal obligation for ongoing monitoring, reporting and closure plans.
There are many contributing factors to the difference in carbon emissions recorded by the industry. These include mainly the availability of clean energy at mine locations, the production or yield capacity of a mine and exactly which stages of mining are included in methodologies.
Leaders like De Beers Group have set a goal of becoming carbon neutral across their operations by 2030 and are making progress. This process is broken down into three categories called scopes, each with a different level of goals. The first category titles Scope 1 & 2 includes improving operational efficiency, increasing the use of sustainable fuels, and switching to sustainable drive trains (the components of a motor vehicle that deliver power to the wheels), for vehicles and machinery.
Electrification of mining processes as well as the adoption of hydrogen fuel cells and battery electric vehicles are promising developments for the diamond industry.
Industry leaders have taken strategic steps to develop fuel cell electric vehicle (FCEV) haulage trucks, and the world’s first fully electric mine at Borden in Canada. Additionally, in Canada, industry leaders are designing a mine which incorporates low-carbon energy and uses only renewable sources and exploring the use of synthetic fuels and biofuels. Switching to more sustainable biofuels for trains has the potential to decrease carbon emissions by over 70% according to McKinsey.
For the emissions that the company cannot mitigate or replace with alternative energy sources, they are engaging in offsetting projects like the Wonderbag initiative, which reinvests carbon offset financing back into communities and is verified by numerous carbon standards and protocols.
As far as humanity is concerned, the isolated nature of prominent 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. (Read more on this topic)
At La Bijouterie, we never work with conflict diamonds. We strictly work with ethically sourced GIA certified diamonds, and you will receive a GIA certificate and appraisal with your jewel. We want you to know that we’ve worked in the diamond wholesale business for generations and only work with trusted and ethical sources that take pride in where their diamonds are sourced.
Although we love naturally occurring diamonds and pride ourselves on the sourcing of them, we also work a lot with Lab Made diamonds. We feel both play an important role in the diamond industry and do not see one as better than the other. We’re simply here to help educate you, and demystify the sales of naturally occurring diamonds, marketing aside. Consider us your partner in transparency so that you are able to make the best purchasing decision.
If you’re not sure where to begin on your quest for a diamond or lab made diamond, come talk to us in our no pressure environment. You can book an appointment today or read our client reviewson Yelp.
We’re always at your service,
Set F.
Founder of La Bijouterie
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
certified diamonds
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