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.

Read more here.

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."

ADVERTISEMENT - CONTINUE READING BELOW

With additional reporting by Ysabel Y. Yuzon

More From FemaleNetwork.com

This story originally appeared on Preview.ph.

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

Get the latest updates from Female Network
Subscribe to our Newsletter!
View More Articles About:
Diamonds Conflict Investment
Comments

Latest Stories

10 Common Grammatical Mistakes You May Still Be Guilty Of

Don’t live in fear of someone pointing at you (or something you wrote) and saying, “Wrong grammar!”

The Surprising Benefits of Living Alone If You're Single in Your 30s

These advantages might just be what you need to be convinced to make the big leap..

Cebu Pacific Super Seat Fest in March Will Have A Lot of Group Discounts

The Philippines’ leading carrier is marking its 23rd anniversary with value-for-money group deals and more!

How 'Not Looking Professional' Helped This Pinay Climb the Corporate Ladder

Michelle Fernandez-Castillo 'looks unprofessional' to some people, but she easily proves them wrong about her.

Reasons to Date a Woman Who Was Once Broken

"There’s no one stronger than one who has been to hell and back."
Load More Stories