The Socio-Economic Value of Natural Diamonds
How Do Natural Diamonds Make a Difference?
The natural diamond industry has a profound and measurable impact on global communities. It directly supports 10 million people worldwide, with 80% of the value generated by responsible diamond is retained locally, benefiting communities both directly and indirectly, through local employment, education, sourcing of goods and services, taxes and royalties, social programs, and infrastructure investment. The natural diamond Industry contributed to 25% of Botswana’s GDP in 2023. In Canada, the diamond industry contributed 52% of the Government of the Northwest Territories’ revenues from corporate tax, property tax, fuel tax and carbon tax in the past three years. Since 1996, diamond mines in the NWT have spent C$27.7B (US$21.8B), with more than C$19.3B (US$15.2B) spent with Northern businesses, including C$8.6B (US$6.8B) with Indigenous businesses.
Natural diamonds play a vital role in supporting education, healthcare, and infrastructure in diamond-producing countries. A significant portion of the revenue from the diamond industry is reinvested into local communities, funding critical projects such as schools, healthcare facilities, and infrastructure development (including roads, water systems, and electricity). These investments improve living standards and drive long-term economic growth in diamond mining regions. By supporting community development, the diamond industry helps create sustainable, thriving communities.
Uncover the Stories and Voices of Natural Diamond Regions
Discover the incredible regions where natural diamonds are ethically sourced. Hear first-hand from local communities, jewelry professionals, and miners about the positive impact of diamond mining, from wildlife conservation initiatives to transformative educational programs.
Uncover the inspiring stories and sustainability efforts behind every natural diamond.
