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7 Ways To Buy An Ethically Sourced Diamond

Culture

We are all familiar with the song turned popular phrase, Diamonds Are a Girl’s Best Friend. So naturally, you want to make sure that your ‘best friend’ is beautiful yet responsibly sourced. Whether you are diamond shopping for an engagement and wedding ring, or a ‘just because’ gift for yourself or someone else, do consider these options to ensure that your diamond choice is an ethical one.


1. Know the Kimberley Process

In 2003, the U.S. Government signed the Clean Diamond Trade Act, which implemented the Kimberley Process Certification Scheme. The Kimberley Process unites administrations, civil societies and the industry in reducing the flow of conflict diamonds, which are also known as rough diamonds used to finance wars against governments around the world. The act requires that all diamonds imported to or from the United States have a Kimberley Process Certificate. Be sure to purchase your diamond from a jeweler that requires a mandate for this process.

Photo Courtesy of The Balance

2. Choose a Canadian Diamond

You will find that these are beautiful diamonds from the highest quality diamond mines in the frozen Canadian tundra. The pristine environment allows for some of the cleanest diamond roughs in the world. A Canadian diamond, such as Northern Lights, comes with a Certificate of Origin proving it is mined, cut and polished in Canada—which has strict environmental regulations for mining, cutting and polishing as well as a commitment to social responsibility.

3. Know Your Supplier

Know your supplier. De Beers, the world’s leading diamond company, produces Forevermark diamonds which come with a guarantee that each one was mined with stringent criteria on responsible sourcing. These diamonds are genuine, untreated and natural. Though you can’t trace your Forevermark diamond back to the exact mine where it came from, the company invests significantly in local communities by building schools and hospitals near its mines. Selected by hand, less than one percent of the world’s diamonds are eligible to become a Forevermark diamond.

Photo Courtesy of Diamond Foundry

4. Love for the Lab-Grown

Although traditional diamond mines have gone to great lengths to offset the environmental impact of mining, lab-grown diamonds’ environmental impact is significantly less than that of a mined diamond. You can, with 100 percent certainty, know the origin of your diamond with this eco-friendly option. Likewise, a lab-grown diamond has the same exceptional color, clarity, beauty and brilliance as a mined one because it is identical in composition. If you’re sensitive to how products you own are produced, as owner of a lab-grown diamond you can take pride in knowing your diamond had less impact on the Earth. This makes it an affordable and attractive option too. To explore the world of lab diamonds, click here.

After you have identified an ethically sourced diamond that you love, it's time to decide on the design of your new ring or another jewelry gift. Luckily, someone who is trying to stay eco-friendly and fashionable can have the best of both worlds with either a classic solitaire, stackable jewelry, and fancy diamond shapes — three of the hottest trends of 2017/2018.

5. Eco-friendly Classic Solitaires

When it comes to a woman's jewelry wardrobe, classic solitaries and pendants are staples. These simplistic, yet beautiful items can be found in all shapes, sizes, and styles. Classic solitaire rings, necklaces, and earrings are traditional pieces of jewelry that have made a huge comeback. Many people are looking for a clean, yet a dainty piece of jewelry that they can either wear casually or dress up for a special occasion. Solitaries are a very popular lab-grown diamond, containing the same quality of color, beauty, brilliance, and clarity as a mined diamond would have.

6. Go-green with Stackable Jewelry

Why only wear one piece of jewelry when you can show off multiple? One of the hottest trends in jewelry is layering and stacking pieces together. Whether you stack rings, necklaces, bracelets, etc. they all can make a bold statement with any outfit. Most stackable jewelry also contains mixed metals, gemstones, styles and more between each piece which gives every look a hint of glam and personality. The style options are limitless, making it easy for someone to combine ethically sourced jewelry pieces for that extra chic appeal.

7. Ethically Sourced Fancy Diamond Shapes

Fancy diamond shapes have been one of the hottest trends in 2017 and are forthcoming for 2018 as well. Vintage-inspired shapes such as emerald, pear, marquise, oval and more are gaining increased attention due to the uniqueness and personality that they bring to your jewelry collection. Each fancy shape acquires excellent versatility and looks great in almost any style of ring, necklace or earring design. With each shape already possessing a unique look to them, having them ethically sourced makes them even more exceptional. With that said, all of these shapes can be mined or created in a lab. Eco-friendly couples who want an ethically sourced diamond but also something extraordinary, fancy-shaped diamonds are the way to go.

3 Min Read
Finance

When There's Room To Fly, Women Soar: Why We Should Invest In Women Entrepreneurs

I think we can all agree that we are living in unprecedented times, and many of us are experiencing challenges in both our personal and professional lives. But it is important to remember that often, challenging moments present opportunities for change. Right now, companies and individuals are using this time to rethink how they conduct their business, the resources critical to their success, and how they go about their daily activities. And what we are seeing is that more and more people, especially women, are taking control of their lives by starting their own businesses.

While it is estimated that the number of women-owned businesses is one-quarter to one-third of all enterprises worldwide, there are still many women who aspire to make entrepreneurship a reality. A new Herbalife Nutrition survey conducted by OnePoll of 9,000 women across 15 countries, including 2,000 women in the U.S., found that globally, 72% of women want to open their own business. Of those, 50% don't yet have a business and 22% have one but would like to open another.

Women want to have more control over their future, but they are committed to helping future generations by being a role model for younger women; 80% believe this is a strong motivating factor.

The second annual survey, which explores women and entrepreneurship globally, revealed the overwhelming challenges women experience in the traditional workplace compared to their male colleagues. In fact, more than 60% of women said they would like to start a business due to unfair treatment in previous job roles. Of the women surveyed, 7 in 10 believe that women must work harder to have the same opportunities as men in the workforce. Results also revealed that 43% of women have delayed having children because they thought it would negatively affect their career, and 25% said they had faced pregnancy discrimination. 42% believe they've been unfairly overlooked for a raise or promotion because of their gender — and of those, the average respondents had it happen three separate times. These are a few of the challenges that have been a catalyst for the surge in entrepreneurship among women.

The irony is that startups founded and cofounded by women performed better than their men counterparts: on average women-owned firms generated 10% higher cumulative revenue over five years, compared with men.

With the barriers and negative experiences women cited in the workforce, it is not surprising that across the globe, the top motivation for starting a business is to run it themselves (61%). Women want to have more control over their future, but they are committed to helping future generations by being a role model for younger women; 80% believe this is a strong motivating factor.

But the women surveyed don't expect entrepreneurship to be smooth sailing: one-third of women with plans for entrepreneurship are "very worried" about their business — or future business — failing in the next five years. The top three challenges when starting a business center around finances — earning enough money to offset costs, having enough budget to grow, and financing their business. And when it comes to financing, women face stark disparities in the capital they often need to fund their business. Boston Consulting Group found that women entrepreneurs averaged $935,000 in investments, which is less than half the average of $2.1 million invested in companies founded by men entrepreneurs. The irony is that startups founded and cofounded by women performed better than their men counterparts: on average women-owned firms generated 10% higher cumulative revenue over five years, compared with men.

Women entrepreneurs create a source of income for themselves and their families. They are a vital part of our world's economic engine that society needs to support with flexible opportunities, mentorship, and access to capital. Herbalife Nutrition is proud that more than half of our independent distributors worldwide are women who set up their businesses and decide when and where they work and do so on their terms. We need to invest in women entrepreneurs, not only to help one generation, but to offer role models for the next.