The excellent cut, remarkable hue, and mesmerizing sheen of diamonds have amazed and enchanted people for years. Diamonds are cherished, loved, and treasured for many reasons. In addition to being a sign of long-lasting love and wealth, diamonds have strong social, environmental, and cultural meaning. The process through which diamond is manufactured creates a massive impact on the lives of the people involved, the surrounding community, and the environment altogether.
While there are six steps in the diamond manufacturing pipeline, mining is one crucial step that has the greatest impact. However, contrary to popular belief, the impact is not always negative. Diamonds can truly transform individuals, region, communities, and associated factors in a very positive way. So, without further ado, let’s take a closer look at the not known side and impact of diamonds:
There is no dearth of research on the social impact of diamond mining, and a majority of them appears to be written to cast a negative shadow on the industry. A lot of media shows have tried to slander the diamond business for years despite knowing a little or nothing about it. Over the years, those who have vilified the industry have become successful in turning some people towards lab-grown diamonds. However, when users came to know about reality, they know how wrong these detractors are.
The diamond industry employs a huge workforce and is creating a profound impact on the livelihoods of a large number of hard-working individuals. Modern diamond mining provides for high-paying and safe jobs, and the mining process is far advanced and reliable than many other industries operating without a dent on their image. Along with this, due to strict regulations, diamond mining has largely become conflict-free.
Due to the diamond industry across the globe, millions of people have got access to good healthcare through mandatory healthcare insurance. Countries like Namibia have made unprecedented progress in healthcare too due to the trickle-down effect of the diamond industry. Countries like Botswana have developed state-of-art clinics, including remote regions, with the revenue generated through the diamond industry.
The industry also leads to the creation of local jobs, which indirectly leverage local economy and enhance the quality of education. As a part of CSR activities, businesses in the diamond industry invest in social programs, fund the construction of schools, hospitals, recreational spaces, art centers, and more.
Along with this, to make the diamond industry more ethical, transparent, and sustainable, the program promotes the understanding of the diamond’s origin from environmentally responsible sources and instills integrity in the employees.
There is an underlying common misconception that diamond industry causes a lot of pollution. While, in reality, it is less pollution-generating as compared to other sectors. Moreover, around the world, the mining operations are compact in size, and these leave a relatively small footprint on the land.According to some sources, lab-developed diamonds produce 511kg CO2 per carat, which is massive;whereas, natural diamonds emit 65% less carbon than lab-grown diamonds.To sum up, diamond trade has many positive impacts on a global scale. Every step of the pipeline is carefully carried out. KGK is at the forefront of creating a positive impact on the society and environment, being one of the top 10 diamond companies in the world.KGK is one of the largest employers, providing a livelihood to thousands of people across continents. The efforts under CSR and the diamond mining process have translated into better living conditions for the people. Trust KGK to deliver the best!