HomeCarbon CreditsCarbon is Forever - Is this the End of the Diamond Industry?

Carbon is Forever – Is this the End of the Diamond Industry?

The world’s first “Air” mined diamonds could signal the end of the diamond industry as we know it.

Diamonds have been around for a long time, they were not a very important gem until De Beers began their successful marketing campaign in the 20th century.

De Beers began to convince people that diamonds were a show of love and that size matters. Over time celebrities and the global PR machine made diamonds extremely valuable and “rare”.

Traditional mined diamonds have a much larger environmental impact than lab-grown diamonds.

Lab-grown diamonds are nothing new, they are cheap and can produce the same quality as mined diamonds, the problem is perception.

It was ingrained in our minds that diamonds must be expensive to show how much you love someone, but that is changing fast.

Millennials and Generation Z, are now the main purchasers of diamonds for engagement rings. They are eco-conscious and 70% of them are considering buying lab-grown diamonds.

Climeworks has partnered with Aether Diamonds to produce Carbon-Negative Diamonds.

For every carat of diamond, Aether says it removes 20 metric tons of carbon dioxide from the air (i.e., 20 carbon credits). That is more than a year’s worth of emissions for the average American.

The costs are a lot more than traditional lab-made diamonds to produce, but then again diamonds are only expensive based on perception.

With Carbon set to become one of the biggest commodities of the future, maybe one day all diamonds will be graded by the 5 Cs: carat, cut, clarity, color, and carbon credits.

Most Popular
LATEST CARBON NEWS

Zimbabwe Allows Developers to Keep More Profits from Carbon Credits

Zimbabwe has amended its new carbon law governing carbon credit projects, dropping the initial plan to give 25% of the revenue to local communities...

Suriname Takes the Lead in Selling Carbon Credits Under Paris Agreement

One of the few carbon-negative countries, Suriname, aims to be the first nation to sell carbon credits created by the Paris Agreement also known...

Battery Startups Attract Mega-Investments and American Lithium’s Discovery

Here’s a Key Summary: Battery Boom: Discover how battery startups are securing record-breaking investments, reflecting the burgeoning potential of the sector. A Lithium Gamechanger:...

IEA’s 2023 Net Zero Roadmap: Tripling Renewables and Electrifying the Energy Transition

The International Energy Agency’s (IEA) latest Net Zero Roadmap suggests that tripling renewables capacity to 11,000 GW by 2030 is one way to reach...
CARBON INVESTOR EDUCATION

Climate Disclosure: New Corporate Standards for a Net Zero World

As part of the world’s continued efforts to combat climate change and transition towards net zero, one important piece of the puzzle is new...

Carbon Pricing: Understanding The Economics and Trends of Fighting Climate Change

As global temperatures continue to rise, the urgency surrounding climate policies has intensified, thrusting carbon pricing into the limelight of climate discussions. The race to...

The EU Corporate Sustainability Reporting Directive (CSRD): Key Things to Know

Companies operating in the European Union will have to deal with new non-financial and sustainability reporting requirements starting January 2024 with the EU's Corporate...

Who Certifies Carbon Credits?

Anybody can say that they’re offsetting their carbon footprint and get financial support for it, which is good. But here’s another version of the...