Nelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.
Is Your Jewelry Producer Committed to Sustainability and Ethicality?
Sponsored by Hari Krishna Exports Pvt. Ltd.
According to Rapport Report 2024, diamond-selling won’t be greatly affected as they are not sold out of price like other gemstones, but are bought considering ethicality and sustainability.
Hari Krishna Exports Pvt. Ltd. (HK) treat sustainability concerns as an integral part of diamond sourcing and making processes, not just a secondary CSR matter.
Beyond environmental responsibility, true ethical sourcing goes hand-in-hand with ensuring the well-being of people involved in the diamond's journey. This translates to fair labour practices, safe working conditions, and eliminating child labour from the equation. Ethical companies prioritise empowering local communities and fostering a positive social impact in the diamond's origin regions.
What can be considered ethical and sustainable?
Responsibly-sourced diamonds are when they don't come from zones where people are exploited in mining diamonds. On top of that, there are more indicators to determine how a diamond-manufacturing company is committed to sustainability and ethicality:
- Initiatives like organizing employee trips and encouraging community figures to participate in environmental projects demonstrate a commitment to the well-being of the people around the diamond's origin.
- Activities like plantation drives and rejuvenating water sources showcase efforts to replenish and revitalise the environment, especially those impacted by mining activities.
- Using solar panels for factory energy consumption highlights a shift towards clean and sustainable power sources, reducing the diamond's carbon footprint.
- Utilizing technology like tracr and iTraceiT to track diamonds from mine to the customer ensures ethical sourcing throughout the supply chain.
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