Published this month, a second-edition release from NDC addresses the diamond industry's most pressing issues. Image courtesy of Natural Diamond CouncilNatural Diamond Council is working to enhance transparency around gemstone sourcing, which has become increasingly vital as consumer expectations evolve.
To the question of what the natural diamond industry is doing to reduce its carbon footprint and protect biodiversity, authors list statistics. Other aspects of research hones in on the difference between natural diamonds and those that are lab-grown, calling attention to falling prices amid the segment.NDC notes that, from 2016 to 2023 and “in some cases,” the price of a 1.5-carat manmade stone declined by more than 74 percent, as the cost of natural diamonds has risen by an average of 3 percent per annum over the course of the last 35 years.
“The information we share must reflect these changes too,” Mr. Kellie said. “This new edition of Diamond Facts, part of our Diamond Reports series, contains updated data on myths included in the first edition and new myths addressed with previously unreported data.”The report provides context regarding progress on traceability, informing readers that the Kimberley Process Certification Scheme , a paper-based tracking system, has remained the default since the early 2000s, when U.S.