Jewelry has been the biggest status symbol for people since time immemorial. It denotes wealth, beauty, love, and in some cases, family legacy. Gold and diamond ornaments are particularly purchased as gifts for loved ones and special occasions. However, recently, the industry has come under strong criticism for constant mining gold and diamonds and exploiting human rights. Luxury brands are doing their best to grapple with the rising grave concerns in the ornament sector. The online jewelry design software is here to solve all your problems and enable brands to reduce the mining burden and continue with their ethical practices. Its customization and digital solutions enable brands to establish transparency and let their customers know where and how much they will be extracting the jewels. This helps the industry to reduce the burden and do the business with utmost honesty.
Jewelry Design Software Offers Solutions to Become More Ethical and Sustainable
According to a report published by Human Rights Watch, globally, about 90 million carats of rough diamonds and 1,600 tons of Gold are mined for jewelry every year, generating over US$300 billion in revenue. Though it sounds super-profitable, it causes tremendous problems to the planet. Therefore, it is imperative for brands to adopt a transparent supply chain for raw materials, as it is not merely a nice-to-have. Besides, these days, clued-up consumers will not go with the brands if they are unsure where the gemstones and precious metals used in their jewelry comes from. Gradually the subjects, such as accountability, sustainability, artisan mining, and traceable materials, are becoming the mainstream, and the nice jewelry businesses are being overshadowed. Though it’s been a long road, the jewelry industry is waking up to the significance of preserving the environment and giving it back to the mining communities.
According to the World Gold Council, Artisanal and small-scale gold mining (ASGM) makes up 20 per cent of the world’s supply of newly mined Gold. The environmental impact of continuous mining makes the future of the planet bleak as they are majorly responsible for massive deforestation, especially in the Amazon and other sensitive ecosystems worldwide. It is well-known that artisanal mining is a major source of mercury pollution whose impacts go beyond local problems of contaminating the water. It starts causing long-term health problems for nearby communities and spreads as air pollution across geographical boundaries. It is impossible to trace Gold mined in the Amazon as most of it is exported to leading jewlery brands, and even they are kept in the dark about its safety, and they don’t know who is responsible for sending the wrong material.
While the jewelry brands can’t alone fix the supply chain, they bear some responsibility for the problems, and they need to come up with a strong and significant role to play in looking for answers to these concerns. On the other hand, many experts believe that there is a tremendous opportunity to reduce the burden of gold mining and its impacts on the planet but to turn it into a source of sustainable livelihoods that communities can depend on rather than suffer from.
Let us look at the various ways brands can help in restoring the environmental balance and continue to garner profit from the business.
Here are some ways to become more ethical and sustainable for jewlery brands:
Charge More to Earn More
It is an open secret that diamonds and Gold are costly luxuries, and the price environment has to pay to meet customers’ needs and fashion sense is very well documented. This is the primary reason for the boom in lab-grown diamonds. According to above-ground diamond creator Diamond Foundry, companies use 127 gallons of water and release 143 pounds of carbon dioxide into the atmosphere for each carat of natural diamond mined industrially. And as explained above, the complexity and long process of extraction and supplying it to consumers make it impossible to track down the retail diamonds and Gold.