How does Diamonds Do Good influence the diamond supply chain?

The influence of Diamonds Do Good on the diamond supply chain primarily stems from its focus on promoting ethical practices and inspiring stakeholders to improve supply chain transparency. This initiative works towards ensuring that diamond production and trade support responsible sourcing, labor rights, and community development. By fostering these ethical practices, Diamonds Do Good encourages mines, retailers, and consumers to prioritize accountability, thereby creating a more sustainable and humanitarian approach to the diamond industry.

This emphasis on ethical practices and transparency also drives awareness among consumers, enabling them to make informed choices about where and how their diamonds are sourced. It shifts the industry towards higher standards, aiming for a supply chain that not only respects human rights but also supports the communities involved in diamond mining.

Options that suggest control over diamond prices, limitation of supply, or a sole focus on certification do not capture the comprehensive approach that Diamonds Do Good employs. The initiative is much broader than just price management or certification; it takes a holistic view of ethical sourcing and community impact, thereby shaping the entire supply chain positively.