Thursday, June 18, 2009

Green business blog: The devastating cost of diamondsStory Highlights


During CNN's "Going Green: Green Light for Business" coverage, we've asked businesses to tell us how they balance the imperative for profit with environmental concerns. First up is the co-founder of Hong Kong-based DIAZ Fine Jewelry, Salina Khan Fuchigami, whose business packages cubic zirconia diamonds in an environmental wrapping.
Growing up surrounded by generations of jewelry wearing tradition, I was drawn to the brilliance and transparency of diamonds from an early age. Later, it was the fact that diamonds are a unique resource, evoking beauty and eternal love that lead me to found DIAZ Fine Jewelry.

Salina Khan Fuchigami co-founded DIAZ Fine Jewelry with her husband Takashi.

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However, as I began to learn beyond the basics and beauty of diamonds, I began to discover the many environmental and ethical issues related to them. And the once simple wish to create a line of exquisite diamond jewelry grew into a mission -- to create an ecologically and ethically correct jewelry brand.
I was one of many who were understandably concerned to learn that jewelry they had as a symbol of love may have come at a terrible human and environmental cost. Although the social and ethical issues associated with conflict diamonds were the impetus at the core of the DIAZ philosophy, the serious environmental impacts of the diamond industry could not be ignored.
There's an undeniable link between the degradation of our global environment and consumer culture. The trouble is that these days, things are so nicely packaged, presented and displayed that we hardly ever question how the raw materials used to produce the goods are extracted and processed. We rarely think of how it all affects the environment and humankind. It's impossible to assess exactly how much devastation one single diamond could have caused before it was cut, polished, set and sold at a high-end retailer. It's hard to imagine what a diamond mine looks like by looking at the "stunning sparklers" that are neatly displayed in shop windows. Somewhere along the way it became irrelevant to question the true cost of the stones.
Diamond mining practices are not without huge ecological impacts. Whether extracted from a large-scale diamond mine using modern, clinical mining methods, or through small-scale artisanal alluvial diamond digging, the diamond industry faces environmental challenges just as with any mineral extraction. Land disturbance, which involves the shifting of large quantities of soil from the earth, is interlinked with issues of waste and water pollution as well as huge impacts on biodiversity.
Through my company, I knew I could offer an alternative to mined-diamond jewelry of equal beauty and quality -- using lab-created jewels and meticulous craftsmanship -- jewelry that evoked beauty and eternal love, and that was truly transparent.

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