SourcingJul 01, 2024
Diamond Supplier SRK Exports Joins United Nations Global Compact SourcingFeb 12, 2025
SRK Announces Notable Reduction in Greenhouse Gas Emissions
Late last year, the India-based diamond manufacturer recorded emissions per carat that are 34 percent lower than the industry average.
Shree Ramkrishna Exports announced on International Reducing CO2 Emissions Day, which is observed every Jan. 28, that when it comes to manufacturing natural diamonds, its greenhouse gas emissions are now 30 percent below the industry average.
Ahmedabad, India—India-based diamond manufacturer Shree Ramkrishna Exports (SRK) has been working on its sustainability goals for about a decade, focusing on its zero emissions initiatives.
Recently, the company announced that its greenhouse gas emissions are now 34 percent lower than the global industry average.
In November 2024, SRK said it recorded emissions of just 70.49 kgCO2e per carat of natural diamond.
On average, 160 kg of greenhouse gases are released per polished carat of mined diamond, according to a 2019 report for the Diamond Producers Association (which became the Natural Diamond Council in 2020).
SRK said its data has been independently verified and validated by ISO certification body Deutsch Quality Systems (India) Pvt. Ltd., ensuring compliance with international standards such as the Greenhouse Gas Protocol, ISO 14064, and ISO 14067.
SRK announced the achievement on International Reducing CO2 Emissions Day, celebrated annually on Jan. 28.
“We are committed to creating a positive and lasting impact, not just for our business but for the global natural diamond industry,” said Nirav Mandir, chief human capital and sustainability officer at SRK.
“By addressing Scope 1 and Scope 2 emissions and now targeting Scope 3, we are building a sustainable future that will benefit both our industry and the planet.”
According to the World Economic Forum, Scope 1 encompasses “direct” emissions, a result of operating things a company owns or controls, such as driving vehicles or heating buildings, while Scope 2 refers to “indirect” emissions created by the production of the energy that an organization buys.
Scope 3, however, refers to indirect emissions not produced by a company itself but rather by customers using the company’s products or those produced by suppliers making products that the company uses.
It generally requires much more effort to tackle, according to the World Economic Forum.
SRK said it is focused on further reducing emissions by expanding its use of renewable energy, particularly solar power, across its facilities.
Related stories will be right here …
Recently, the company announced that its greenhouse gas emissions are now 34 percent lower than the global industry average.
In November 2024, SRK said it recorded emissions of just 70.49 kgCO2e per carat of natural diamond.
On average, 160 kg of greenhouse gases are released per polished carat of mined diamond, according to a 2019 report for the Diamond Producers Association (which became the Natural Diamond Council in 2020).
SRK said its data has been independently verified and validated by ISO certification body Deutsch Quality Systems (India) Pvt. Ltd., ensuring compliance with international standards such as the Greenhouse Gas Protocol, ISO 14064, and ISO 14067.
SRK announced the achievement on International Reducing CO2 Emissions Day, celebrated annually on Jan. 28.
“We are committed to creating a positive and lasting impact, not just for our business but for the global natural diamond industry,” said Nirav Mandir, chief human capital and sustainability officer at SRK.
“By addressing Scope 1 and Scope 2 emissions and now targeting Scope 3, we are building a sustainable future that will benefit both our industry and the planet.”
According to the World Economic Forum, Scope 1 encompasses “direct” emissions, a result of operating things a company owns or controls, such as driving vehicles or heating buildings, while Scope 2 refers to “indirect” emissions created by the production of the energy that an organization buys.
Scope 3, however, refers to indirect emissions not produced by a company itself but rather by customers using the company’s products or those produced by suppliers making products that the company uses.
It generally requires much more effort to tackle, according to the World Economic Forum.
SRK said it is focused on further reducing emissions by expanding its use of renewable energy, particularly solar power, across its facilities.
Following its adoption of renewable energy sources like rooftop solar power, along with waste management and sewage treatment initiatives, SRK was recognized in May 2024 by the Global Network for Zero as the world’s first diamond manufacturing company to operate with net-zero energy.
It continues to work toward net-zero efforts for water, waste and carbon.
Its diamond manufacturing facilities, SRK Empire and SRK House, rank among the top five “green” buildings globally, the company said. Both have LEED Platinum certification from the U.S. Green Building Council.
The company also said it boasts the highest number of ISO certifications in the industry.
SRK operates with what it calls a “cradle-to-grave” strategy, a comprehensive effort to cover every stage of the diamond lifecycle, starting with extracting the raw material.
The company said it is working to lead the way in reshaping the natural diamond industry and demonstrating how luxury can coexist with sustainability.
It remains focused on quality, environmentally responsible practices, and health and safety.
More on Sourcing
The Latest
ColumnistsJul 28, 2026
Peter Smith: Why Your Job Postings May Be Working Against You Smith reveals the method The Retail Smiths use to help retailers and vendors write better job postings.
FinancialsJul 28, 2026
Tiffany & Co., Bulgari Lead the Way for LVMH in H1LVMH’s jewelry and watch brands outperformed the company’s other divisions in an environment the company described as “disrupted.”
CollectionsJul 28, 2026
Lionheart’s New Collection Unites Spiritual Iconography“Sacred Heart” features symbols like crosses, angel wings, the Star of David, and the evil eye as a representation of coexistence.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
Events & AwardsJul 28, 2026
The Edge Funding 2 Scholarships Via 24 Karat Club SEUS The scholarships will go to early-career professionals looking to study gemology, bench work and jewelry design, or store operations.
Weekly QuizJul 23, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysJul 27, 2026
Jewelry Leads Luxury Market Amid Stabilization, Bain SaysBain & Company delved into the trends shaping the luxury market, the impact of AI, and more in its recent study.
Policies & IssuesJul 24, 2026
New Trump Tariffs: What They Mean for Jewelry The new sweeping slate of tariffs impacts 60 countries, including India, China, Thailand, Hong Kong, and the United Arab Emirates.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
TrendsJul 24, 2026
Amanda’s Style File: Ode to ‘The Odyssey’From coin pendants to diamond shields, these old world-inspired jewels are the perfect accessory for an epic journey.
TrendsJul 24, 2026
Courtney Leidy’s Silk Cord Pendants Center Unexpected Pairings Our Piece of the Week pairs a checkerboard-cut amethyst with an ivy green silk cord.
PodcastsJul 23, 2026
Episode 7: Reinhold Jewelers on the Power of RelationshipsMildred Marcano Abrams and Yael Reinhold join the podcast to talk community connections, holiday plans, and preserving Reinhold’s legacy.
CollectionsJul 23, 2026
Silvia Furmanovich’s New Collection Travels Back to the 1920s“Art Deco” fuses ancestral techniques, rare materials, and modern perspectives as a tribute to the optimism and curiosity of the movement.
IndependentsJul 23, 2026
Sissy's Log Cabin Opens Casino StoreThe jeweler’s newest store is inside Arkansas’ Saracen Casino Resort.
WatchesJul 23, 2026
Movado Inks Licensing Deal With Kate Spade New YorkThe watch company will design, manufacture, and distribute Kate Spade New York watches.
Policies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is FruitfulThe “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New BoutiqueIt’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.
Events & AwardsJul 22, 2026
NY Now Returns in August Under New OwnershipThe show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond MarketSmith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald AcquisitionFormer Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches MetamorphosizeThe 12-piece capsule collection transforms from brooches to pendants.
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De BeersA Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.
Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptThe new tariff, imposed after a Trump administration study, is 25 percent and will stack on top of existing tariffs.
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High JewelryThe collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.
MajorsJul 20, 2026
Krista Collins Walters Promoted to Publisher of InstoreShe will also take on the role of vice president of jewelry for SmartWork Media, a newly created position.
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 EventOrganizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ CampaignWoodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.
