Diamonds are an incredibly seductive stone for many people. This hard and beautiful stone takes millions of years to form in the Earth’s core. Since their first discovery in India in 400 B.C., diamonds have continued to portray wealth, power, love, and endearment. Despite the cost, diamonds remain the most popular piece of jewelry to represent an engagement.
Most people love diamonds, and the diamond industry is moving forward to make sure they have plenty of sustainable, eco-friendly practices to help further our love of this beautiful stone. In fact, sustainably sourced diamonds are more possible than ever. The Kimberley Process, for example, is a well-received opportunity to make certain the diamonds you buy don’t come with a history of conflict. Governments and companies alike have all signed on to the process to help make sustainably produced diamonds accessible. Many diamond mining operations are going one step further, too, working to protect the environment as they mine as well. Some are building wildlife preserves, replacing topsoil, and working on new methods of water cleansing to help ensure their impact on the environment is as minimal as possible.
What do these efforts cost? While there are no solid industry estimates currently, most companies will tell you that given the push of consumers, they’re willing to do what it takes at any price to help make diamonds the most beautiful, sought after gem at every stage of the process. While it may mean more dollars spent to improve conditions for workers and the environment, it’s a process well worth it.
Sustainability Means So Much More
One key aspect of sustainability is the stone’s ability to retain its value unlike any other. While some believe lab grown diamonds offer much of the same option at a similar cost, the reality is that natural diamonds are far more sustainable. Wondering why? Lab created diamonds require a constant energy source for creation. That means added energy usage that natural diamonds just don’t require. More than that, though, they don’t retain their value. Natural diamonds are rare, beautiful, and absolutely stunning. A natural diamond will always be a valuable option. A lab created diamond has no resale value, making it worth nothing after purchasing.
A Diamond Industry Moving Forward
For many consumers and companies alike today, the cost of sustainability in the diamond industry and the stones themselves are absolutely worth it. Now more than ever before, consumers are demanding not only information regarding where their diamonds come from and how they’re actually produced, but they’re also demanding that the entire industry ensure it offers something more both from an environmental perspective and from an ethical one. Those buying diamonds now demand workers are paid well and companies do what they can to limit their environmental impact, and those demands are clearly driving the industry to something better. Learn more about the future of sustainable diamonds by downloading our webinar.