Today’s Solutions: September 28, 2023

There are few other things in the world that symbolize luxury like diamonds, but these status symbols often come at a price that goes beyond their monetary value. In recent years, for instance, concerns about the environmental impact and human rights abuse associated with the mining industry have given rise to a demand for more sustainable alternatives to mined diamonds.

To help drive its sustainability practices forward, the world’s biggest jeweler, Pandora, has become the first in the world to announce that it will no longer sell mined diamonds and will instead switch to diamonds made exclusively in labs.

Pandora’s chief executive, Alexander Lacik told the BBC that the company is moving in that direction because “it’s the right thing to do.” On top of that, lab-made diamonds are also cheaper: “We can essentially create the same outcome as nature has created but at a very, very different price.”

The giant jewelry maker is responding to a wider move away from mined diamonds worldwide. As reported by the BBC, in 2020, the market for lab-grown diamond production grew to between 6 and 7 million carats. Meanwhile, the production of mined diamonds has declined to 111 million carts last year, having peaked at 152 million in 2017.

We’ve previously written about the environmental promise of lab-grown diamonds, including one startup that has figured out a way to create the gems out of captured CO2.

Solutions News Source Print this article
More of Today's Solutions

A historic bill passes: One-third of Indian Parliament seats to be reserved f...

The Lok Sabha, India's lower house of Parliament, passed a revolutionary bill that guaranteed one-third of seats in both the parliament and state assemblies ...

Read More

A bold step towards climate action and job creation: The American Climate Corps

The White House announced the creation of the American Climate Corps, a breakthrough program that will transform the climate action landscape. This ambitious project ...

Read More

Seattle installs EV chargers on utility poles for residents

Electric vehicles are the transportation of the future. In the meantime, cities are struggling to install the infrastructure that we will all need to ...

Read More

Words matter: US finally drops racist slur from the names of federal sites

A racist and misogynist slur used to refer to Native American women will be removed from the names of hundreds of islands, lakes, rivers, mountains, ...

Read More