What is Fairtrade & What Are Fair Trade Diamonds?

Fair Trade & Fair Trade Diamonds

According to the Fairtrade Organization website http://www.fairtrade.net/ “Not all trade is fair! Farmers and workers at the beginning of the chain don’t always get a fair share of the benefits of trade. Fair Trade enables consumers to put this right. It is based on a partnership between producers and consumers by offering producers, at the start of the chain, a better deal to allow them the opportunity to improve their lives. Fair Trade also offers consumers a powerful way to reduce poverty through their every day shopping.”

Fair Trade Diamonds in the context of the Fairtrade definition, is providing the very poor traditional diamond miners, at the start of the diamond supply chain, a fair deal for their work. Commonly traditional diamond miners, in the Borneo diamond fields, survive on less than $200 per month to provide for their families. In complete contrast, flashy diamond jewellers in developed countries sell these hard found diamonds for tens of thousand of dollars making huge profit margins.

Currently there are no Fair Trade standards applicable to diamonds. The companies working in this field are not yet able to gain recognition for there contributions in assisting the people and communities at the beginning of the diamond supply chain. Our company is pushing for standards to be introduced, so that the people living in poverty in the various diamond fields around the world, can have a opportunity for receiving improved benefits.

 

We are proud of the fact that our company practices the principles and concepts of Fair Trade diamonds, in all trade that we undertake with the people and communities at the start of the diamond supply chain. Our profit margins are much lower than other less ethical organisations, but we are satisfied being able to contribute to a better life for the communities located in the Borneo diamond fields.