Latest news with #NaturalDiamondCouncil
CAF
10 hours ago
- Business
- CAF
Burkina Faso coach Balboné: 'We're ready to fight for our people'
Natural Diamond Council Delivers Facts on the Diamond Market's Trending Topic Jul 29, 2025 PRNewswireMumbai (Maharashtra) [India], July 29: Natural Diamond Council (NDC), a global not-for-profit dedicated to promoting the integrity and appeal of natural diamonds, delivers facts through its report--the Laboratory-Grown Diamond Facts. This report is part of a series of reports that have been launched to empower retailers and educate consumers with fact-based perspectives.~Through theLaboratory-Grown Diamond Facts Report, NDC counters growing myths and greenwashing in the lab-grown diamond industry~Amid growing consumer confusion and greenwashed claims, these reports offer much-needed clarity. The Laboratory-Grown Diamond Facts Report cuts through misleading sustainability claims, revealing that over 70% of lab-grown diamonds are made in coal-reliant grids in China and India, often using mined materials and large volumes of water, sometimes in water-stressed regions. It also highlights how claims of being 'carbon-neutral' are often rooted in carbon offsetting, without reflecting the full life-cycle emissions. Additionally, key pillars of social sustainability like community development, are always missing from the lab-grown diamond narrative. While production costs for lab-grown diamonds have dropped by nearly 90%, their market prices have declined sharply, with 1.5-carat stones losing up to 86% of their value over the past about this report, Richa Singh, Managing Director, India and Middle East, Natural Diamond Council, says, "In India, where natural diamonds hold deep cultural and emotional significance, there is a growing need to address rising consumer curiosity and confusion. This report is part of NDC's ongoing efforts to provide retailers and consumers with clear, validated information they can trust. Laboratory-Grown Diamond Facts Report brings attention to important considerations that should not be overlooked when making a purchase. Honest, fact-based education helps every segment find its space, while also reaffirming the irreplaceable legacy of natural diamonds."Key Insights from the Laboratory-Grown Diamond Facts Report:This report provides critical context on how lab-grown diamonds differ from natural ones--across origin, terminology, sustainability claims, and market trends.1. How They're Made: Lab-grown diamonds are created in controlled factory environments over weeks, using two primary methods--HPHT (High Pressure High Temperature) and CVD (Chemical Vapour Deposition). These differ significantly from the natural formation process that occurs over billions of years underground.2. Clear Terminology Matters: As per ISO 18323 standards, correct terms include laboratory-grown, laboratory-created, or synthetic diamonds. Terms like real, natural, genuine, and precious are reserved exclusively for Earth-mined diamonds.3. Sustainability Claims Require Full Context: Generalised claims such as 'carbon-neutral' or 'eco-friendly' often rely on offsets and may not account for the full energy-intensive production process and supply chain impact.4. Rapidly Declining Prices: The market value of lab-grown diamonds has dropped sharply, falling 86% in a decade. A 1.5-carat lab-grown diamond that cost $10,750 in 2015 is priced at just $1,455 in a world shaped by endless choice, clarity becomes the true differentiator. Natural Diamond Council remains committed to cutting through noise with facts, helping people find meaning in what truly lasts. To explore the full reports, visit: About Natural Diamond CouncilNatural Diamond Council is a global not-for-profit organization committed to inspiring and educating consumers on the real, rare, and responsible values of natural diamonds and the positive global impact of the industry. NDC's Only Natural Diamonds consumer platform is the authoritative publisher on natural diamonds comprising themes such as debunking diamond myths, celebrities and pop culture, epic diamonds and trends, engagement rings and diamond buying guides and more. NDC provides marketing and educational materials to retail and industry partners to amplify the values and integrity of natural diamonds. NDC members' operations span four continents and ten countries including Canada, South Africa, and Botswana. Their operations collectively support the livelihood of 10 million people worldwide. NDC operates in New York, Shanghai, Mumbai, and Antwerp, with satellite teams in the UK and France. Photo: Logo: DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same) CM Bhupendra Patel attends 'Sampurnata Abhiyan Samman Samaroh' in Gandhinagar Jul 29, 2025 Copyright © | Terms & Condition | Contact Us
Business Standard
11 hours ago
- Business
- Business Standard
Natural Diamond Council Delivers Facts on the Diamond Market's Trending Topic
PRNewswire Mumbai (Maharashtra) [India], July 29: Natural Diamond Council (NDC), a global not-for-profit dedicated to promoting the integrity and appeal of natural diamonds, delivers facts through its report--the Laboratory-Grown Diamond Facts. This report is part of a series of reports that have been launched to empower retailers and educate consumers with fact-based perspectives. ~Through theLaboratory-Grown Diamond Facts Report, NDC counters growing myths and greenwashing in the lab-grown diamond industry~ Amid growing consumer confusion and greenwashed claims, these reports offer much-needed clarity. The Laboratory-Grown Diamond Facts Report cuts through misleading sustainability claims, revealing that over 70% of lab-grown diamonds are made in coal-reliant grids in China and India, often using mined materials and large volumes of water, sometimes in water-stressed regions. It also highlights how claims of being 'carbon-neutral' are often rooted in carbon offsetting, without reflecting the full life-cycle emissions. Additionally, key pillars of social sustainability like community development, are always missing from the lab-grown diamond narrative. While production costs for lab-grown diamonds have dropped by nearly 90%, their market prices have declined sharply, with 1.5-carat stones losing up to 86% of their value over the past decade. Speaking about this report, Richa Singh, Managing Director, India and Middle East, Natural Diamond Council, says, "In India, where natural diamonds hold deep cultural and emotional significance, there is a growing need to address rising consumer curiosity and confusion. This report is part of NDC's ongoing efforts to provide retailers and consumers with clear, validated information they can trust. Laboratory-Grown Diamond Facts Report brings attention to important considerations that should not be overlooked when making a purchase. Honest, fact-based education helps every segment find its space, while also reaffirming the irreplaceable legacy of natural diamonds." This report provides critical context on how lab-grown diamonds differ from natural ones--across origin, terminology, sustainability claims, and market trends. 1. How They're Made: Lab-grown diamonds are created in controlled factory environments over weeks, using two primary methods--HPHT (High Pressure High Temperature) and CVD (Chemical Vapour Deposition). These differ significantly from the natural formation process that occurs over billions of years underground. 2. Clear Terminology Matters: As per ISO 18323 standards, correct terms include laboratory-grown, laboratory-created, or synthetic diamonds. Terms like real, natural, genuine, and precious are reserved exclusively for Earth-mined diamonds. 3. Sustainability Claims Require Full Context: Generalised claims such as 'carbon-neutral' or 'eco-friendly' often rely on offsets and may not account for the full energy-intensive production process and supply chain impact. 4. Rapidly Declining Prices: The market value of lab-grown diamonds has dropped sharply, falling 86% in a decade. A 1.5-carat lab-grown diamond that cost $10,750 in 2015 is priced at just $1,455 in 2025. In a world shaped by endless choice, clarity becomes the true differentiator. Natural Diamond Council remains committed to cutting through noise with facts, helping people find meaning in what truly lasts. To explore the full reports, visit: About Natural Diamond Council Natural Diamond Council is a global not-for-profit organization committed to inspiring and educating consumers on the real, rare, and responsible values of natural diamonds and the positive global impact of the industry. NDC's Only Natural Diamonds consumer platform is the authoritative publisher on natural diamonds comprising themes such as debunking diamond myths, celebrities and pop culture, epic diamonds and trends, engagement rings and diamond buying guides and more. NDC provides marketing and educational materials to retail and industry partners to amplify the values and integrity of natural diamonds. NDC members' operations span four continents and ten countries including Canada, South Africa, and Botswana. Their operations collectively support the livelihood of 10 million people worldwide. NDC operates in New York, Shanghai, Mumbai, and Antwerp, with satellite teams in the UK and France.
Time of India
6 days ago
- Business
- Time of India
Are Natural Diamonds Worth Investing In?
All Jewellery by Navrattan Jeweller Credit: Natural Diamond Council For most Indian families, the idea of 'investment' has long been tied to tangibility - something you can hold, pass down, or cash in during uncertain times. Real estate, gold, and fixed deposits have traditionally topped the list. But today, amid rising incomes and shifting mindsets, more people - from young professionals in metros to middle-class families in Tier 2 cities - are asking: Could a natural diamond be more than just a gift or a wedding essential? Could a natural diamond be an investment? In a world of volatile markets and evolving asset classes, the definition of a "safe" or "enduring" investment is constantly being re-evaluated. Gold has long served as a traditional haven - but today, another resilient symbol is drawing the attention of investors and collectors alike: natural diamonds. Unlike stocks or bonds, diamonds don't offer yield projections or quarterly updates. Their value doesn't fluctuate on earnings reports. So, can a gemstone - prized for its rarity and emotional significance - truly serve as a store of value? That's where the mystique of natural diamonds enters the frame. Formed over billions of years under intense pressure and heat, diamonds are natural marvels. Each one, unique and one-of-a-kind owes its existence to the rarest geological coincidences. Their brilliance is not just visual - it's symbolic. Historically associated with resilience, purity, and permanence, natural diamonds have come to embody timeless value. As investors explore alternative assets - from fine art to classic cars - natural diamonds are also emerging as a compelling and unique addition to the mix. They offer not just aesthetic appeal, but emotional and legacy-driven value - qualities increasingly prized in a post-pandemic world. Credit: Natural Diamond Council Why Diamonds Are Back in the Spotlight Diamonds are indeed a worthy investment - for those who understand their nature. But they aren't financial instruments. Their value doesn't stem from market volatility or liquidity, but from something more enduring: rarity, craftsmanship, and emotional significance. They're not for short-term trading - but for those seeking beauty that lasts generations. And now, that rarity is poised to intensify. Rising Rarity, Shrinking Supply According to a report by Boston Consulting Group (BCG), the natural diamond industry is undergoing a significant transformation. Primary production is projected to decline by roughly 1% annually over the next decade, driven by aging mines, limited new discoveries, and reduced exploration budgets. This tightening supply only amplifies the long-term value of natural diamonds. Credit: Natural Diamond Council India's Rapid Rise in Natural Diamond Demand In August 2024, India officially overtook China to become the world's second-largest consumer of natural diamonds, trailing only the United States. This shift reflects more than global rankings - it signals a profound economic and cultural transformation. India's diamond market is projected to grow at a 5% to 8% CAGR through 2033, with the post-COVID recovery fuelling annual growth of up to 20%, according to The Economic Times. The market now stands at $3.5 to $4 billion, accounting for 11% of global natural diamond consumption. So, what's driving this surge? Rising disposable income, deeper retail penetration, and increasing formalisation of the jewellery sector are key factors. But more importantly, the shift is being shaped by a new kind of buyer - one that values self-expression over social convention. Hathphool by Om Jewellers Credit: Natural Diamond Council Millennials and Gen Z Are Redefining Value Millennials and Gen Z are at the forefront of this change. No longer viewing natural diamonds solely as matrimonial symbols, younger consumers now see them as personal milestones - emblems of identity, freedom, and achievement. According to the Natural Diamond Council (NDC), Indian consumers in 2022 spent nearly three times more on diamond jewellery compared to 2018, with average spending rising from approximately $560 to $1,500. These two generations alone accounted for over 75% of the total market value. Minimalist, everyday-wearable designs are trending over heavy traditional sets. This reflects a broader global pivot: in the UAE, too, younger consumers are choosing diamond-studded jewellery over pure gold, viewing it as an affordable expression of luxury. Industry insights from De Beers and Bain & Co.'s Global Diamond Report link this to the rise of 'revenge spending' - a post-pandemic phenomenon where people prioritise experiences and self-reward over deferred aspirations. The result? Natural diamonds are no longer reserved for weddings or heirlooms. They're being worn to celebrate promotions, birthdays, or simply to say, 'I earned this.' Beyond the Sparkle What truly makes natural diamonds irresistible today isn't just their dazzle - it's the story they tell. For a generation that values emotion and meaning over materialism, each diamond is a glittering time capsule. A celebration. A memory. A moment frozen in brilliance. Interestingly, real diamonds haven't always been embedded in our cultural imagination this way. Their romantic symbolism is a 20th-century evolution, one crafted by brilliant marketing and cultural shifts. Yet today, that narrative continues to evolve, shaped by new definitions of identity, ownership, and legacy. In an age where authenticity is the new luxury, natural diamonds - timeless yet personal, scarce yet accessible - are quietly reaffirming their enduring allure. Disclaimer: Content Produced by National Diamond Council
The Sun
07-07-2025
- Business
- The Sun
Angolan Diamond Leaders Endiama and Sodiam Join the Natural Diamond Council. De Beers Group Commits Additional Investment to Jointly Promote the Natural Diamond Industry.
HONG KONG SAR - Media OutReach Newswire - 7 July 2025 - Angola's two leading state-owned diamond institutions, ENDIAMA E.P. and SODIAM E.P., have formally announced their joint commitment to generic category marketing by joining the Natural Diamond Council (NDC) as contributing members, effective July 1, 2025. As the third-largest global producer of natural diamonds and one of the most promising in terms of future deposit discoveries, Angola continues to strengthen its position as a responsible and influential player in the global diamond industry. This move reinforces the country's commitment to transparency, sustainability, and consumer education on the unique value of natural diamonds. The natural diamond sector remains a vital pillar of Angola's socioeconomic development, supporting employment, infrastructure, education, and healthcare in producing regions. 'With Angola's diamond industry on the rise, promoting the values and socioeconomic contributions of natural diamonds is a national priority,' stated Diamantino Azevedo, Angola's Minister of Mineral Resources, Oil and Gas. 'By joining the Natural Diamond Council, Endiama and Sodiam are formalizing our dedication to a global strategy that highlights the unmatched benefits of natural diamonds to new generations of consumers.' 'We are thrilled to welcome ENDIAMA and SODIAM to the NDC at such a pivotal time for the industry,' said David Kellie, CEO of Natural Diamond Council. 'Their membership will significantly enrich our collective voice in sharing the powerful story of natural diamonds rooted in positive impact, rarity, and authenticity.' ENDIAMA and SODIAM will commence their commitment to global category marketing through the NDC with a contribution of $8M dedicated to the second half of 2025, supporting the most critical commercial season for the industry. Current NDC member, De Beers, concurrently announced it will commit additional contribution to the NDC by matching ENDIAMA and SODIAM commitment of $8M for 2025. De Beers Group remains committed to its sustainable initiative, 'Building Forever,' ensuring that every natural diamond discovered has a lasting, positive impact on the local communities and environments from which they are sourced. This additional funding highlights De Beers Group's belief that the sustainable development and marketing of natural diamonds should be a shared responsibility across the entire industry, rather than the sole burden of one company, further solidifying De Beers Group's leadership within the sector. As members of the Natural Diamond Council increase their investments to support the natural diamond industry, the Council will continue to enhance public awareness of the core values associated with these precious stones. Its goal is to provide a thorough understanding of the rarity, authenticity, and uniqueness of natural diamonds, helping consumers recognize the essential role the industry plays in global socio-economic development and ecological conservation. ENDIAMA and SODIAM now join current NDC members: De Beers, Okavango Diamond Company, Petra Diamonds, Rio Tinto, and Murowa. Hashtag: #NDC #Endiama #Sodiam #DeBeersGroup #NaturalDiamonds The issuer is solely responsible for the content of this announcement.
Business Standard
23-06-2025
- Business
- Business Standard
The Luanda Accord Marks Landmark Commitment to Support Natural Diamond Industry
PRNewswire Mumbai (Maharashtra) [India], June 23: Representatives from diamond-producing governments, industry stakeholders, and leaders from across the global natural diamond value chain signed the Luanda Accord, a landmark accord aimed at ensuring a bright future for the natural diamond industry through renewed investment in global generic marketing led by the Natural Diamond Council (NDC). * Leading diamond producing countries announce their intention to allocate 1% of annual diamond revenue towards promotion of natural diamonds through the Natural Diamond Council Recognizing the vital role that natural diamonds play in supporting livelihoods, generating national revenues, and driving development across Africa and other diamond producing regions, the Luanda Accord highlights the shared commitment of the signatories to work together to boost consumer interest in, understanding of, and demand for natural diamonds. "Natural diamonds are more than just precious stones -- they are a lifeline for millions of people and a cornerstone of economic opportunity in many of our countries," said Diamantino Azevedo, Angola's Minister of Mineral Resources, Oil and Gas, speaking at the conclusion of the Ministerial Round Table meeting in Luanda. To support this, the Luanda Accord has confirmed their intent to contribute to a global marketing effort driven by the NDC, building on the foundations of previous campaigns and expanding its scope and reach in key consumer regions. Participating producer governments and De Beers Group intend to allocate 1% of the annual revenue they generate from rough diamond sales to fund this initiative. These funds will be entrusted to the NDC to execute a global category marketing approach. "This is a decisive step forward," said Minister of Minerals and Energy of Botswana, Bogolo Joy Kenewendo. "By coming together, we are sending a compelling message: that the future of natural diamonds lies in ambition, transparency, and a commitment to telling our story to the world - and that we are all committed to investing and telling that story." "Bringing together key leaders in the industry highlights the challenge facing the industry of insufficient investment in growing consumer demand. I am appreciative to all the Ministers who attended the meeting and their commitment to focus on consumer demand as the driver of future prosperity. I'd also like to thank De Beers for their unwavering support, and to the diamond centers of Antwerp, Dubai and Mumbai for their role in making the Accord happen," states David Kellie, CEO of Natural Diamond Council. Richa Singh, Managing Director, Natural Diamond Council, India & Middle East, stated , "India is at the heart of the natural diamond story not just as one of the biggest markets, but as a place where craftsmanship and tradition come alive. The Luanda Accord is a powerful step forward because it means we are investing in telling the real story behind natural diamonds, their rarity, authenticity, and the positive impact they have on communities around the world. At the Natural Diamond Council, we are proud to champion this initiative and ensure that natural diamonds continue to captivate and inspire in India's dynamic and growing market." With a focus on launching an enhanced category marketing campaign ahead of the 2025 peak sales season, the Luanda Accord represents a turning point for the industry -- and a renewed promise to the communities and countries whose futures are intertwined with the enduring brilliance of natural diamonds. About the Natural Diamond Council: Natural Diamond Council is a global not-for-profit organization which inspires and informs consumers about the incredible world of natural diamonds. NDC supports the integrity of the natural diamond industry by providing transparency and insight on the progress of this sector and its commitments to further betterment. NDC partners with industry stakeholders for the purpose of sharing best practices and driving trust and works to educate and protect the consumer. The NDC operates in the US, China, India, UAE, and Europe. For more information, please visit - Photo:
