diamonds

Mining

Can Lab-Grown Diamonds Ever Really Be Sustainable?

10 June 2019By

In recent weeks, we have seen several lab-created diamond producers move away from calling themselves “eco-friendly.” That’s largely due to the Federal Trade Commission’s (FTC) warning to lab-grown diamond producers that they should stop using “general benefit environmental claims” like eco-friendly and sustainable, and in part due to a growing cry that companies need to actually prove their eco-friendliness, beyond saying bad things about diamond mines.

Natural diamond miners will soon get a chance to label their gems with a similar phrase—“responsibly mined”—thanks to the work done by the Initiative for Responsible Mining Assurance (IRMA), Mathuram notes. That label could also be used to certify the gold and other mined metals used to create lab-diamond jewelry.

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Purchasers

Tiffany brand launches new diamond sourcing initiative

21 January 2019By

Tiffany & Co, an IRMA founding member, to share diamond provenance with customers.

Leading American jeweler Tiffany & Co. announced a new initiative Wednesday to ensure transparency in its diamond sourcing. “Tiffany & Co. will begin sharing with our customers the provenance, meaning region or countries of origin, of our newly sourced, individually registered diamonds – a significant step for diamond transparency,” said CEO Alessandro Bogliolo, as the company launched the Diamond Source Initiative.

. . . Each Tiffany diamond is engraved with a tiny, invisible serial number using a laser. That helps to make it unique and traceable to each owner.

Andy Hart, the company’s vice president of diamond and jewelry supply, says the best way to ensure responsible sourcing is to know where a diamond came from.

. . . “We were early supporters of the Kimberley Process and helped found the Initiative for Responsible Mining Assurance (IRMA), an organization making significant strides in establishing global mining standards.”

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