From the Diamond Development Initiative:
More than a PR issue!
-How the recent FTC decision on synthetic diamonds might impact artisanally-mined diamonds
What exactly is a diamond, other than a girl's best friend? It's more than just a label.
A recent decision by the US Federal Trade Commission (FTC) expanded the definition of diamonds to include synthetic, or lab-grown, diamonds-something most in the industry had argued against. That decision could have a big impact the artisanal market in the near future.
Although synthetics are not currently a big part of the worldwide market, there is a growing concern about them increasing in popularity. That could impact big producers but experts think it will mostly affect the artisanal market. For thousands of artisanal miners in diamond-producing countries in Africa, it could mean a huge dent in their livelihood.
Lab-grown diamond producers are touting their stones as ethical and environmentally-friendly. For those who haven't had the chance to read about it, this is exactly what the Maendeleo Diamond Standards are all about. In our opinion, the economic impact of the synthetic stone advertising is truly what is of utmost importance and what is at stake here.
Diamonds are a driver of development and the only hope for hundreds of thousands of families in Africa and around the world. Putting them out of business instead of working with them to improve standards makes no sense.
Our main issue remains the way the synthetic people advertise their product as "ethical", as though nothing else is. Furthermore, by allowing synthetics to be called "diamonds", the FTC made it more difficult for consumers to distinguish one from the other.
All the PR speak aside, you should be making sure the diamonds you purchase are not only ethical and traceable but also benefit miners and their communities.
***
IDMA continues support for DDI during banner 2018
Ottawa, Canada - The Diamond Development Initiative (DDI) is pleased to announce another important yearly contribution by the International Diamond Manufacturers Association (IDMA).
"Getting an endorsement from such an important industry organization as IDMA means a lot to us," said Dorothée Gizenga, DDI's Executive Director. "With IDMA's contribution, we can sustain DDI, and provide more benefits to artisanal miners and their communities."
This year's support will continue IDMA's involvement, since 2012, in supporting DDI's work of bringing development support to artisanal mining communities.
"We, the IDMA members, are so proud and honored to support the amazing work of DDI and the communities they benefit," added Ronnie VanderLinden, IDMA's President.
Ronnie VanderLinden, IDMA's President
-30-
The Diamond Development Initiative (DDI) is a non-profit organization that works to reduce poverty and promote sustainable development through education, policy, dialogue and projects working directly with artisanal diamond miners and their communities. For more info, visit ddiglobal.org.
The International Diamond Manufacturers Association (IDMA) is committed to fostering and promoting the highest ideals of honesty and best practice principles throughout the diamond industry worldwide, as well as full compliance with all relevant national and international laws. It was founded in 1946 in Antwerp, Belgium. For more info, visit idma.co.
More than a PR issue!
-How the recent FTC decision on synthetic diamonds might impact artisanally-mined diamonds
What exactly is a diamond, other than a girl's best friend? It's more than just a label.
A recent decision by the US Federal Trade Commission (FTC) expanded the definition of diamonds to include synthetic, or lab-grown, diamonds-something most in the industry had argued against. That decision could have a big impact the artisanal market in the near future.
Although synthetics are not currently a big part of the worldwide market, there is a growing concern about them increasing in popularity. That could impact big producers but experts think it will mostly affect the artisanal market. For thousands of artisanal miners in diamond-producing countries in Africa, it could mean a huge dent in their livelihood.
Lab-grown diamond producers are touting their stones as ethical and environmentally-friendly. For those who haven't had the chance to read about it, this is exactly what the Maendeleo Diamond Standards are all about. In our opinion, the economic impact of the synthetic stone advertising is truly what is of utmost importance and what is at stake here.
Diamonds are a driver of development and the only hope for hundreds of thousands of families in Africa and around the world. Putting them out of business instead of working with them to improve standards makes no sense.
Our main issue remains the way the synthetic people advertise their product as "ethical", as though nothing else is. Furthermore, by allowing synthetics to be called "diamonds", the FTC made it more difficult for consumers to distinguish one from the other.
All the PR speak aside, you should be making sure the diamonds you purchase are not only ethical and traceable but also benefit miners and their communities.
***
IDMA continues support for DDI during banner 2018
Ottawa, Canada - The Diamond Development Initiative (DDI) is pleased to announce another important yearly contribution by the International Diamond Manufacturers Association (IDMA).
"Getting an endorsement from such an important industry organization as IDMA means a lot to us," said Dorothée Gizenga, DDI's Executive Director. "With IDMA's contribution, we can sustain DDI, and provide more benefits to artisanal miners and their communities."
This year's support will continue IDMA's involvement, since 2012, in supporting DDI's work of bringing development support to artisanal mining communities.
"We, the IDMA members, are so proud and honored to support the amazing work of DDI and the communities they benefit," added Ronnie VanderLinden, IDMA's President.
Ronnie VanderLinden, IDMA's President
-30-
The Diamond Development Initiative (DDI) is a non-profit organization that works to reduce poverty and promote sustainable development through education, policy, dialogue and projects working directly with artisanal diamond miners and their communities. For more info, visit ddiglobal.org.
The International Diamond Manufacturers Association (IDMA) is committed to fostering and promoting the highest ideals of honesty and best practice principles throughout the diamond industry worldwide, as well as full compliance with all relevant national and international laws. It was founded in 1946 in Antwerp, Belgium. For more info, visit idma.co.