Diamond Producers Association Sheds Light on the Reality of Modern Diamond Mining
Thursday, May 9, 2019
By Sarah Gorvitz, Diamond Producers Association
The Diamond Producers Association, whose members represent 75% of the world’s diamond production, has released a first-ever report on the reality of modern diamond mining. Challenging old stereotypes and identifying areas for further improvement, the report, titled Total Clarity, sheds light on the industry’s impact on local communities, employees and the environment.
For more than 77,000 people in some of the most remote regions in the world, the industry offer high-paying jobs, excellent job training and a safe work environment. The industry employs a largely local workforce and provides high-quality employment opportunities.
Beyond employment, diamond mining makes a vital contribution to the socioeconomic development of diamond producing countries and communities. Diamond companies rely on local businesses for the bulk of necessary goods and services, which creates a significant, lasting impact on local economies. Entire countries, such as Botswana, have been transformed by diamond revenues over the past 50 years.
Environmental stewardship is one of the main obligations of the diamond mining industry, and controlling and continuing to reduce its environmental footprint is a clear priority. The sector is tackling this challenge through a range of initiatives, including increased access to renewable energies, energy reduction initiatives and carbon capture research programs.
Here are some additional facts that may surprise you:
- Each year, leading diamond mining companies infused almost US$7 Billion in benefits into local communities through the purchase of local goods and services.
- Each year, roughly US$300 Million is invested into social programs serving local communities – in schools, hospitals, recreation centers, etc.
- Leading diamond producers protect almost 3 times the amount of land they use.
- The industry is investing heavily in lowering the environmental footprint of diamond mining. Leading companies are developing carbon capture technologies and renewal energy sources, such as wind farms.
- On a per carat basis, the carbon emissions of a natural diamond (160kg CO2e) are less than one-third the carbon emissions of a synthetic diamond (511kg CO2e).
Please find out more at http://diamondproducers.com/total-clarity/total-clarity-report. You can also download free fact sheets and social media assets that will help you share the reality of modern diamond mining with your customers.