World’s Biggest Jewelry Maker Will No Longer Use Mined Diamonds

Pandora A/S, which makes more pieces of jewelry than any other company in the world, will stop using mined diamonds as part of a broader strategy to drop raw materials associated with unethical production methods.

Despite decades of reform, the global jewelry market remains tainted by reports of human rights abuses at mines and factories. To address such concerns, Tiffany & Co. last year started providing customers with details of newly sourced, individually registered diamonds that trace a stone’s path all the way back to the mine.

Pandora, which is based in Copenhagen, said on Tuesday it will now only use diamonds manufactured in laboratories. The company is set to release its first collection using lab-made stones in the U.K., and will turn to other markets in 2022.

The decision to shun mined diamonds comes less than a year after Pandora pledged to stop relying on newly mined gold and silver in its jewelry. By 2025, its entire production will use only recycled precious metals as part of a plan to ensure its operations are carbon neutral within four years.

Sustainable Stones

Pandora’s lab-made diamonds are grown from carbon with more than 60{2f36692215c92488191f15c49f485bc8da437d4cca01014075d40c79880301cc} renewable energy on average, a ratio that’s set to rise to 100{2f36692215c92488191f15c49f485bc8da437d4cca01014075d40c79880301cc} next year.

The company is taking a stand on its raw materials as investors increasingly focus on sustainability. Nordea’s asset management unit recently said it plans only to hold securities that live up to environmental, social and governance standards across all its portfolios.

Next Post

7 hair oils for all-round soft, shiny, and Wonder Woman-like hair

Tue May 4 , 2021
We know “hair” and “oil” are two words we don’t like to see together, especially when it’s been three days since your last blow dry and you’re sticking to an updo and a silk scrunchie for the day. But oil is not the enemy of hair. Nobody wants their tresses […]

You May Like