5 Essential Truths Of Natural Diamond Engagement Rings and Diamond Jewelry
When looking for a diamond, knowing your history can pay off. Did you know that diamonds are older than life on Earth? They are a true miracle of nature; for most of us, a diamond is the oldest thing you’ll ever hold.
Because diamonds were produced millions of years ago, they are a finite natural resource and are becoming rarer and rarer. As the supply of diamonds becomes more rare, their value will only continue to increase. The demand for diamonds has always remained the same.
The ethics of the diamond industry have been questioned, and although diamond mining has a dark history, blood diamonds are genuinely an item of the past. Less than 10% of all diamonds on the market today have come from unethical practices or conflict. Many jewelers are cautious of the ethics and sustainability of diamonds and are looking towards the future to provide their customers with clean and safe diamonds.
Diamonds employ millions of people worldwide; we diamond lovers love what we do and who we work for, you!
Diamonds are older than life on earth, a true miracle of nature!
Long before there was life on Earth, there were diamonds. Most diamonds were created one to three billion years ago, and the youngest diamond ever found was over 100 million years old.
Originating more than 100 miles beneath the Earth, they were pushed to the surface by volcanic eruptions 300-400 million years ago, long before the dinosaurs roamed.
Diamonds are the oldest thing that most of us will ever hold.
Diamonds A Becoming Rarer and Rarer.
The number of recovered diamonds peaked in 2005 and will decrease significantly over the next decade. Diamond-bearing kimberlites, the ancient, underground volcanic pipes that hold most of today's diamonds, are very hard to find.
Most of the diamonds recovered today come from kimberlites discovered decades ago, which is why diamond production is gradually decreasing, and diamonds are becoming rarer.
Your Diamond Engagement Ring Will Always Hold Their Value As They Become More Rare
2017 was the strongest year ever for diamond jewelry in the world. US Millennials represent 59% of the value in the diamond jewelry demand while making up only a quarter of the US population.
Research shows that millennials have a strong interest in products that offer authenticity, rarity, and preciousness- and a billion-year-old diamond is the ideal expression of authenticity in their lives and relationships.
A natural diamond carries deep emotional meaning in a "swipe-right" world, where things are increasingly fast and artificial.
The industry is aware of the dark history of “blood diamonds” and “conflict diamonds.” Fortunately, less than 10% of diamonds on today’s market are considered conflict diamonds.
Conflict diamonds, as depicted in the 2006 movie Blood Diamond, set in the 1990s, are largely a thing of the past.
Since then, African rebellions have recessed, and the diamond industry has put strict controls in place- e.g., "The Kimberly Process" to ensure that no diamonds coming from conflict zones are traded.
As a result, 99.8% of diamonds are Kimberly-compliant. Moreover, all primary producers have safeguards to guarantee their diamonds are produced responsibly.
99.8% of all diamonds are Kimberly Process Certified.
Better yet, when you buy from Buchroeders, your diamond engagement ring or diamond jewelry, as a unique history from it's time on the recycled market.
Read our Blog: The Lifecycle Of A Buchroeders Diamond
The Diamond Industry Makes An Important Contribution To The World
The diamond sector supports the livelihood of 10 million people globally, including 1.5 million Artisanal and small-scale miners and their families in Africa and South America, who provide 15% of the world's diamonds and whose livelihoods depend on the demand for diamonds.
The discovery of diamonds in Botswana has transformed the country from one of the poorest in the world to a middle-income country. Today, every child there receives free education, thanks to the diamond revenues representing almost a third of Botswana's GDP. In the Indian state of Gujarat, the diamond sector employs about one million people and funds schools and hospitals.
By any standard, diamond mining has a minimal environmental footprint, and no chemicals are used to remove diamonds from Earth. Governments and local communities closely monitor mining companies. Many operations are working on projects to move toward carbon-neutral status. The carbon footprint of a 1-Carat polished, natural diamond is smaller than that of CVS Synthetic (lab-grown) diamonds of a similar size.
Regardless Of Your Chosen Diamond Engagement Ring, Buchroeders Wants To Help You Find Your Perfect Engagement Ring
If you are in the market of buying an engagement ring or any diamond, knowing where your diamond comes from and where it gets its value is always a worthy investment of your time.
Purchasing a diamond is a luxury expense, and it is always beneficial to be an informed consumer. Our diamond experts are dedicated to ensuring your diamond buying experience is informative, friendly, and above all, an experience you want to return to.