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Diamond mining, at it again!

Diamond mining, at it again!

HAVE YOU SEEN THE "Only Natural Diamonds" COMMERCIALS?

The Natural Diamond Council enlisted celebrities like Ana de Armas and Lily James to model gorgeous diamond jewelry while pressing the importance of only buying natural diamonds.

It's no surprise who's behind this campaign. The Natural Diamond Council (NDC) has six members: De Beers Group, Dominion Diamonds, Lucara Diamond, Petra Diamonds, RZM Murowa, and Rio Tinto. They represent approximately 75% of the world's rough diamond production, currently 35 mining operations spanning eight countries and four continents.

COLLECTIVELY, THEIR REVENUE IN 2021 TOTALED OVER $5 BILLION

One can only assume this renewed push for mined diamonds is partly due to the growing demand for lab-grown diamonds and moissanite. Desirable pricing and lower environmental impact (i.e., no mining operation required) make these human-made options popular alternatives. The FTC even changed its definition of a diamond to acknowledge that lab-grown diamonds are diamonds, that is, "a mineral consisting essentially of pure carbon crystallized in the isometric system".

The NDC gives me bad vibes, from their overt greenwashing to their once upon a time 7th member...

ALROSA MINING COMPANY

Alrosa is a Russian state-owned enterprise with ties to Russia's military and nuclear industries. Their revenue in 2021 was $4.2 billion. Following US sanctions for its financial connection to the war in Ukraine, Alrosa voluntarily suspended its membership and ceased financial contributions to the Natural Diamond Council.

"We understand and respect Alrosa decision given the current geopolitical situation," said David Kellie, CEO of the NDC. "We are confident that Alrosa will continue to follow its outlined commitments to being a socially responsible business conducted according to the industry's best practices and high standards." diamonds.net

Laughable and disappointing.

Anyway, the whole "Only Natural Diamonds" campaign is reminiscent of the celebrity "Got Milk?" ads of the 1990s brought to us by a dairy lobbying group to increase sales.

It turns out broccoli, kale, and black beans are better sources of calcium, potassium, and protein.