JEWELLERY 59
ARE LABORATORY-GROWN DIAMONDS MORE SOCIALLY CONSCIOUS THAN NATURAL DIAMONDS ?
The natural diamond industry supports the livelihood of 10 million people worldwide . Leading diamond producers create $ 16 billion of benefits annually for employees , communities and the environment — and 80 % of these benefits are retained by local communities .
The wealth generated by laboratory grown diamond companies largely benefits only a select few venture capitalists and investors who have yet to demonstrate similar socioeconomic contributions .
Source : “ The Socioeconomic and environmental impact of large-scale diamond mining ” analysis conducted by TruCost , part of S & P GlobaL www . bakerbrothersdiamonds . com
Issue 53 2022 THE ART OF LUXURY