When it comes to purchasing diamonds, many consumers are weighing the pros and cons of mined versus lab-created diamonds. While natural diamonds offer prestige, investment potential, and rarity, they can come with environmental and cost concerns. Lab-created diamonds, on the other hand, offer sustainability, affordability, and ethical production, while maintaining beauty and quality. At Breslauer & Warren – Calgary, AB, we understand that choosing the right diamond involves considering these factors. This article outlines the pros and cons of both options, so you can make an informed decision that aligns with your values and desires.
Pros: Natural Diamonds Are Unique
The most significant advantage of mined diamonds is their uniqueness and historical significance. Each one of these stones was formed deep within the earth over millions of years, making them a rare and special commodity. As a result, each diamond has its own story to tell, which adds value and meaning to the stone. Natural diamonds are also considered symbols of love and commitment, which is why they have become the most popular choice for engagement rings and other jewelry pieces.
In addition, the diamond industry is a major employer worldwide, providing jobs in mining, sales, trading, and the creation of jewellery. Many diamond mines are located in remote regions, where local economies depend on the industry for income and employment. The industry has also invested in community development programs, such as education, healthcare and infrastructure development, to help communities thrive.
While these positive aspects are a huge asset to the global economy, the diamond industry has its fair share of dark chapters. Mined diamonds have historically been used to fund conflict and war, and the mining industry has a history of human rights abuses including forced labor. This is why it’s so important to do your research before buying a diamond.
However, some mining companies have implemented stricter policies to avoid using ‘blood diamonds’. The Kimberley Process has brought some rigour and transparency to the diamond supply chain, which makes it harder for conflict-diamonds to enter the market.
Cons: Environmental Impact
The majority of diamonds are mined from the earth’s surface, and this comes with a heavy environmental footprint. The deforestation, ecosystem damage, and polluted water resources associated with traditional mining are a serious concern. These problems are lessened with the introduction of responsible sourcing practices, such as the implementation of mining sites that focus on conservation and land rehabilitation.
Additionally, the mining process contributes to carbon emissions, which is a significant contributor to climate change. The good news is that the emissions produced by producing a single carat of mined diamonds are less than 10 percent of those produced when flying round trip from New York to Cancun for your honeymoon.
However, shifting large scale diamond mining to labs in the global north would negatively affect the lives of millions who rely on the industry for livelihood. It is imperative that we find a way to create a sustainable future for both the diamond industry and the people who rely on it.