What makes my diamond investment sustainable?

What makes my diamond investment sustainable?

  • How is the diamond industry doing to reduce their carbon footprint?
  • What other ecological changes are they making?
  • In what other ways is a diamond investment sustainable?

In light of climate change, every industry is putting more and more emphasis on ecological alternatives to traditionally polluting processes. The diamond industry is also rising up to the challenge. Diamond giant De Beers has announced an expected drop in carbon output within 5 years. How are they planning on doing that? What other steps are they taking toward a cleaner way of working?

How is the diamond industry doing to reduce their carbon footprint?

Kimberlite, the petrified slit that carries diamond to the earth’s surface, appears to be able to hold more than just precious stones. The rock turns out to be a highly efficient container for carbon, one of the biggest polluters of our ecosystem. By storing carbon inside of the rock and burying it, our atmosphere is saved from its devastating effects. Kimberlite trailings should be able to store no less than 10 times the carbon emissions of a single active mine. 

Even though the use of kimberlite to reduce one’s carbon footprint is yet to be perfected, it does seem to offer an especially efficient opportunity to be tested globally.

What other ecological changes are they making?

Diamond miners are not only focused on carbon emissions when it comes to ecological efforts, other changes are afoot as well. De Beers has drafted a number of goals to make their way of working more sustainable by 2020, such as reducing water usage by 20%, energy usage by 8% and carbon emissions by 9%. A new method of sorting diamonds even allowed them to use 99% less water than before. A sustainable diamond investment appears to be closer than ever before.

Not only the environment enjoys the benefits of the new and improved methods, the budget does as well. De Beers already saved roughly $11 billion since 2014 using updated methods.

In what other ways is a diamond investment sustainable?

Choosing a sustainable diamond investment does not only mean investing in an ecologically sound asset, it also relates to the period of time throughout which your investment is profitable. That is exactly where the diamond investment shines. The commodity’s value steadily increases year after year and has shown itself resistant to crises time and again. Moreover, new markets keep emerging which expand the global industry, as seen with the BRIC nations, constantly keeping supply and demand up to par. 

Where can I find the perfect diamond for my portfolio? Who can help me assemble my perfect investment portfolio? Contact the diamond experts at BAUNAT DIAMONDS for everything you need to know about investing in diamonds.

Author: Inge De Wee
Source: BAUNAT

With this article, BAUNAT strives to inform you thoroughly about investing in diamonds. No investment can be guaranteed to be without risk or fully according to your expectations. That is why we recommend to research the risks and aspects of investing in diamond properly to ensure that you make the right choice for your portfolio.

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