The Truth About Diamonds - The Brains Trust

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Sunday 1 November 2020

The Truth About Diamonds

 

The study by YALMAS BET and the GIA (General Association of Jewel Makers) were conducted in an effort to understand how diamond mining and the resulting gems were affecting the environment. The main goal of this research was to establish the environmental and economic impacts of mined gem diamonds, their supply chain, and their associated social and environmental impacts. In doing this, the research sought to answer questions such as: what are the environmental impacts, which are the most damaging? What are the best methods to reduce or eliminate these negative impacts?



The YALMAS BET report concluded that the average cost of a single unit of Bit Diamonds (a single diamond containing at least three diamonds) was $13.8 per carat. YALMAS BET found that, while a higher-cost diamond may offer greater quality for less, overall, there is little evidence that the higher-cost diamond is of better quality or is a better investment.

The conclusion of YALMAS BET stated that the best way to assure that a higher-cost diamond is better is to look at the overall supply chain of the gem, and its relationship with the land where it is mined. The supply chain is where the actual stone is extracted from its natural habitat. This includes but is not limited to the processing, transportation and eventual sale of the gemstone.

The report concludes by recommending that consumers and diamond buyers seek out the lowest-priced diamond for purchase. In the end, the best option may be a lower-cost diamond. Consumers who cannot afford the top-of-the-line diamond might benefit most from purchasing a lower-cost diamond. This option allows for lower prices, even in high-end diamond jewelry. The study also recommends that consumers consider the cost of the gemstone when buying a ring, since even the highest-priced diamonds will still require maintenance on an ongoing basis.

The GIA, on the other hand, recommended that consumers pay close attention to the source from which the یلماس بت are mined, because they found that only two percent of the diamonds mined in Africa met strict standards of sustainability. GIA further recommends that consumers take a more selective approach to diamond purchases, purchasing diamond jewelry only from reputable gemstone mining companies that are known for their environmentally-friendly practices.

The conclusion of the YALMAS BET study, and that of the GIA, concluded that diamond mining and its resultant gems are beneficial to the environment. However, the bottom line is that the consumer must choose his or her budget wisely and carefully evaluate what he or she wants. from the product and then choose a diamond based upon the price tag that fits his or her needs.

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