Diamond Industry Must Demand Ethical Practices from Its Own Members

Opinion piece
01/12/2015 13:59

When Leonardo DiCaprio, who starred in the movie Blood Diamond, says he’s backing a start-up company to produce synthetic diamonds because this will ensure that the product is “ethically produced”, the whole world listens to him. And they think we are an industry that cannot be trusted. We have to prove him wrong.

- Sanjay Kothari addresses three major issues facing diamond industry: undisclosed synthetics, businesses taking on debt while knowing they are heading for bankruptcy, and illegal tampering with diamond certificates.