Rapaport’s Sarah Jordan lists five common misconceptions about the diamond industry and lets industry experts explain the difference between myth and reality.
Myth: Customers are significantly at risk of buying a conflict diamond
Reality: The Kimberley Process alongside a multitude of legislation and self-regulation are a guarantee that 99.8% of diamonds are conflict-free.
In 2015, CAP Conseil, a sustainable development consultancy based in Belgium, presented the Antwerp World Diamond Centre (AWDC) an idea for a fully ethical and traceable diamond jewelry project from small-scale origin. Two years later, the first MY FAIR DIAMOND collection has become a reality.
The Diamond Development Initiative (DDI), an organization dedicated to improving the working conditions and lives of artisanal diamond miners, is announcing the launch of the Maendeleo Diamond Standards (MDS), the organization anounced today in a press release. Maendeleo, the Swahili word for development and progress, is a fitting designation for standards that will ensure respect for human rights, for the environment and for community well-being, according to Dorothée Gizenga, Executive Director.
Rob Bates of JCK has published an open letter to Leonardo DiCaprio, of Blood Diamond fame, urging him to reconsider his support for new synthetic diamond producer Diamond Foundry, and to remember the social realities that once moved him. "Back in 2006, you seemed profoundly impacted by your meeting with one of the great figures of the 20th century, Nelson Mandela.
The Diamond Empowerment Fund will stage a Diamonds Do Good Awards Gala in Las Vegas on June 2, 2016, the night before the opening of the JCK Show. The event will honor industry leaders and companies which have made "an outstanding contribution to improve the quality of life of people in diamond communities throughout the world." The DEF said the event "will celebrate and highlight inspirational stories and the people who have made a positive difference in their communities, both locally and globally.
The Diamond Empowerment Fund (DEF), founded in 2007 to empower youth from diamond-producing countries and communities, has published the summer issue of newsletter highlighting it work in the diamond and jewelry industries (www.diamondempowerment.org).
Industry analyst Ehud Arye Laniado offers a compelling argument for strict regulation, certification and re-naming of lab-grown diamonds. It may seem odd to protect the natural diamond pipeline when man-made stones are environmentally cleaner, raise none of the socio-political issues of operating mines in developing countries and will make “diamonds” affordable to a larger public, but Laniado argues that it is a necessary step to protect the value of natural diamonds.
The Diamond Development Initiative’s Board of Directors welcomed Nerys John as its newest member during its 2015 AGM. Nerys is Community Relations Manager for the De Beers Group of Companies, has a longstanding interest in artisanal mining, and participated in DDI’s founding meeting, held in Accra in 2005. She is replacing Andy Bone, who is leaving De Beers after 38 years.
Tanzania's minerals commissioner Paul Masanja said the fourth Arusha Gem Fair, being held this week, was a culmination of the 2009 Mineral Policy that seeks to promote the country’s ambitions of becoming the hub for gemstones in Sub-Sahara Africa.
He also said the Tanzanian government intends to “hasten” the contribution of the gemstone industry to socio-economic development of the country.
AWDC and DDI announced that the AWDC has made an important contribution to the Diamond Development Initiative. This year’s grant will be the third donation from the Centre in support of DDI’s work in bringing development to artisanal mining communities.
The Diamond Empowerment Fund’s new website DiamondsDoGood.com has launched a website demonstrating the positive effects of diamonds on local communities. Co-founder Benjamin Chavis says the goal of the initiative is to show, “…the vast amount of good the industry does.”