Guidelines of an ethical diamond industry
Diamond World|September - October 2022
Natural diamonds have been closely associated with cultures across the world. Their versatility and resilience help them become an intrinsic part of a consumer's daily life, while being beacons of conscious luxury and slow fashion. The modern diamond industry too is moving towards sustainability and Natural Diamond Council, along with its members, is working to inform and educate consumers on the empowering and enriching legacy of diamonds.
Guidelines of an ethical diamond industry

The OECD, UN Convention Against Corruption and the ILO, along with the United Nations Global Compact (UNGC), have laid out a set of 17 UN Sustainable Development Goals (SDGs) to be followed by all industry bodies. These SGDs talk about implementing strategies that improve health and education facilities, reduce gender inequality in the workforce, and spur economic growth in local communities all while tackling climate change and working to preserve our oceans and forests.

To achieve these sustainable goals, all members of the NDC ensure total transparency is maintained in the manufacturing and diamond recovery process. Diamond companies operate within strict guidelines, hold themselves accountable to the highest standards and release regular sustainability reports that speak in great detail about their initiatives.

This story is from the September - October 2022 edition of Diamond World.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September - October 2022 edition of Diamond World.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM DIAMOND WORLDView All
BOLD COLOUR GEMSTONES
Diamond World

BOLD COLOUR GEMSTONES

Timeless and audacious, these vibrant gemstones - sapphires, emeralds, rubies, and more - make bold statements in luxury and artistry. Perfect for those seeking vibrant alternatives to minimalistic diamonds, these jewels bring opulent colour to the forefront of high jewellery.

time-read
1 min  |
September - October 2024
CHAUMET'S EN SCENE COLLECTION IS ALL ABOUT MUSIC, DANCE AND MAGIC
Diamond World

CHAUMET'S EN SCENE COLLECTION IS ALL ABOUT MUSIC, DANCE AND MAGIC

Chaumet's latest high jewellery collection, En Scene, is imbued with harmony and a sense of movement, encompassing elements of music, dance, and magic -- each piece tells a story, be it through the rhythm of gemstones in Setting the Tempo, the movement of stones in Leading the Dance, or the magical illusions in As If by Magic

time-read
3 mins  |
September - October 2024
Charting a New Course for the Diamond Industry Amid Global Shifts
Diamond World

Charting a New Course for the Diamond Industry Amid Global Shifts

The inaugural BDB Leadership Series examined India's rise as a diamond industry powerhouse, the significance of sustainability, and the future of consumer trends such as quiet luxury, setting a tone of optimism amid challenges

time-read
4 mins  |
September - October 2024
Couture India 2024 A Grand Celebration of Luxury and Innovation
Diamond World

Couture India 2024 A Grand Celebration of Luxury and Innovation

Couture India 2024 dazzled with its celebration of heritage and innovation, bringing together top-tier jewellery brands, emerging designers, and retailers for a showcase of luxury, craftsmanship, and forward-thinking design

time-read
5 mins  |
September - October 2024
Jewellery & Gem WORLD Hong Kong 2024 Optimism and Resilience in a Changing Market
Diamond World

Jewellery & Gem WORLD Hong Kong 2024 Optimism and Resilience in a Changing Market

With Indian buyers taking centre stage, Jewellery & Gem WORLD Hong Kong 2024 showcased India's growing influence in the diamond industry. The event demonstrated the resilience of the diamond industry, with De Beers expressing optimism about the recovery of natural diamonds

time-read
4 mins  |
September - October 2024
G7 APPROACH TO DIAMOND TRACEABILITY HAS CONCEPTUAL DEFICIENCIES: DR MZEE FULA-NGENGE
Diamond World

G7 APPROACH TO DIAMOND TRACEABILITY HAS CONCEPTUAL DEFICIENCIES: DR MZEE FULA-NGENGE

African diamond-producing nations are increasingly seeking their place in the sun, and are no longer shying away from demanding their rightful share of the revenues generated from diamond extraction. Dr M'zee Fula Ngenge, Chairman, African Diamond Council, talks to Suneeta Kaul about the most pressing issues pertaining to the African diamond industry the less than effective role of local diamond trade administrators, the G7's approach to traceability, the role of technology in improving the functioning of the continent's diamond industry, the limitations of the Kimberly Process, and more

time-read
9 mins  |
September - October 2024
CUSTOMIZATION AT THE FOREFRONT OF THE SURGE IN LGDS
Diamond World

CUSTOMIZATION AT THE FOREFRONT OF THE SURGE IN LGDS

Lab-Grown Diamonds are reshaping luxury, offering personalization possibilities through cutting-edge technology; the shift to customization is being led largely by millennials and Gen Z, who value innovation more than tradition

time-read
4 mins  |
September - October 2024
THE RISE OF DUBAI AS A DIAMOND TRADING HUB: IMPACT ON THE GLOBAL TRADE, AND IMPLICATIONS FOR INDIA
Diamond World

THE RISE OF DUBAI AS A DIAMOND TRADING HUB: IMPACT ON THE GLOBAL TRADE, AND IMPLICATIONS FOR INDIA

Over the past few years, Dubai has rapidly become one of the world's leading diamond trading hubs. Leveraging its strategic location, state-of-the-art infrastructure, pro-business taxation policies and global connectivity, the city now rivals traditional centres such as Antwerp and Mumbai, attracting major players from across the globe. Suneeta Kaul takes an in-depth look at the city's emergence as a diamond trading powerhouse, and the implications this has for India

time-read
8 mins  |
September - October 2024
E-COMMERCE IN DIAMOND JEWELLERY GAINING GROUND
Diamond World

E-COMMERCE IN DIAMOND JEWELLERY GAINING GROUND

E-commerce is steadily finding its way into the function of diamond jewellery retail the world over, in spite of several challenges and obstacles. Retailers are taking steps to overcome the critical challenges of trust and personal connections that are easier to establish in a brick-and-mortar world, and are seeking to establish these factors in a digital scenario

time-read
6 mins  |
September - October 2024
INDIA TAKES CENTRE STAGE As China's Demand Ebbs, India Rises as the New Diamond Powerhouse
Diamond World

INDIA TAKES CENTRE STAGE As China's Demand Ebbs, India Rises as the New Diamond Powerhouse

India is establishing itself as a global diamond powerhouse, thanks to its burgeoning middle class, a rising disposable income, unmatched craftsmanship, skilled labour force, cutting-edge technology, and strategic collaborations. Anjana Vaswani takes an in-depth look at these factors that collectively position the country to mark its dominance in the diamond industry

time-read
10 mins  |
September - October 2024