Clarity, cut, and carat are important characteristics to consider when buying diamonds. But did you know where the diamond comes from also matters? Tiffany & Co., one of the world's biggest diamond retailers in the world, recently released a company initiative that offers transparency for each diamond piece you purchase to uphold their promise of ethically-sourced diamonds. The company will now "identify for customers the country where their diamond was mined, and, eventually, information on where it was cut, polished and set," The New York Times reports.

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Of course, another way to get ethically sourced diamonds is to opt for lab-gown ones. (Real diamonds created in a lab instead of mined.)

According to a feature on Town & Country Philippines, millennials are opting for this type of conflict-free stones also because "man-made diamonds are 30 to 40 percent cheaper than natural diamonds, and prices continue to decline as production increases."

With additional reporting by Ysabel Y. Yuzon

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This story originally appeared on Preview.ph.

* Minor edits have been made by the Femalenetwork.com editors.

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