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Traditionally, diamonds have been assessed based on the four Cs: cut, color, clarity, and carat. However, a fifth C, Climate Neutrality, is now emerging as a factor for judging diamonds. In response to increasing concerns about climate change and carbon emissions, consumers are seeking to evaluate the social and environmental impact of their diamonds. Lab-grown diamonds are gaining popularity as an appealing alternative, as they offer the potential for reduced carbon footprints and a more sustainable production process. “With the introduction of Climate Neutrality as a criterion, consumers are incorporating environmental considerations into their diamond purchasing decisions,” says Pooja Sheth, MD & Founder, Limelight Diamonds.
Driven by technology, lab grown diamonds do not incur the environmental and social damage that is usually associated with mining diamonds. Studies and reports claim that 1 carat of a lab grown diamond can save upto 250 tonnes of land and gallons of water. In addition, majority lab grown diamond growers have also adopted renewable sources of energy like solar or wind energy and others initiatives for sustainable development. This has been recognized as “Certified Sustainability Rated Diamonds” under the SCS-007 certification by the US based sustainability accreditation body SCS Global Services. This has further instilled confidence amongst consumers on the sustainable benefits of lab grown diamonds.
“We at Limelight Diamonds too, wanted to stay true to our sustainability commitments to our end consumers and have been awarded the Butterfly Mark & ESG+ certification (Environment Social Governance & Innovation) by Positive Luxury, an accreditation body for luxury brands, recognizing highest standards of sustainability best practices not just of the diamond but as an overall brand. This has been very encouraging and only motivates us to truly strive towards establishing a luxury niche that is not built at the cost of the planet or our people but built for a brighter future for all,” adds Sheth.
Lab-grown diamonds offer several environmental benefits compared to traditional mined diamonds. Here are four key environmental impacts of lab-grown diamonds:
- Reduced Carbon FootprintThe process of mining natural diamonds involves significant energy consumption and carbon emissions. Lab-grown diamonds, on the other hand, require less energy and have a considerably lower carbon footprint. This is because they are produced in controlled laboratory environments using advanced technologies.
- Minimized Ecological DisruptionDiamond mining often involves extracting large quantities of earth, leading to habitat destruction and ecosystem disruption. Lab-grown diamonds eliminate the need for such environmentally harmful mining practices, minimizing ecological damage and preserving natural habitats.
- Water ConservationMining diamonds typically requires extensive water usage for various purposes, including extraction, processing, and washing. Lab-grown diamonds significantly reduce water consumption, as their production methods utilize substantially less water compared to traditional mining practices.
- Elimination of Mining-related PollutionDiamond mining can lead to pollution through the release of hazardous chemicals, sediment runoff, and soil erosion. Lab-grown diamonds eliminate the associated pollution risks, as they are produced without the use of harmful mining practices, thereby reducing environmental contamination.
Overall, the growth of the lab-grown diamond industry offers a more sustainable alternative to mined diamonds, contributing to a greener and more environmentally conscious future for the diamond industry.
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