Does Blue Nile sell conflict diamonds? To know the answer to this question, read our Blue Nile conflict free diamond analysis below.
Does Blue Nile sell conflict-free diamonds?
Here you will get the question and many more answered.
You will also learn:
- If Blue Nile sources diamonds in a responsible way
- Where diamonds at Blue Nile come from
- How you can check for everything yourself.
Are Blue Nile Diamonds Really Conflict Free?
Similar to other industries, the jewelry industry has been under a lot of scrutiny. There are economic, moral, and political unrests being highlighted in the diamond industries.
Most of the conflict in the industry is witnessed in Africa. It is also common knowledge that De Beers corporation is also involved. There is a lot of clarifying that needs to be done when it comes to defining conflict-free.
Commonly identified as the 5th C among the 4Cs of diamond grading is Conflict free or rather the purity of the diamond. A conflict-free diamond is that was ethically extracted and sold. Additionally, money from the sale does not in any way fund terrorism or war or any other criminal activity. In the 1990s it was approximated that about 4% of the world’s diamonds were conflicted. With the pressure exerted on the industry by the public this has dropped to about 1%.
Hence, it is necessary to know if that diamond you bought for your loved one is pure and free from conflict. The question therefore should be how do you know that?
It is common for companies to make public statements claiming that they only sell conflict-free stones. Similarly, Blue Nile does the same. It is advisable to dig even deeper to be sure it is not just P.R.
Here are some simple ways to do your research.
- Find out where Blue Nile gets there diamonds
- Do they follow the Kimberly process?
- Checkout reviews and researches from other parties on the company’s practices.
It seems Blue Nile is at its best when it comes to being conflict-free. It is however difficult to determine this for all their individual diamonds.
Where Does Blue Nile Source Its Diamonds?
Blue Nile gets their diamonds from different international suppliers. These suppliers strictly follow the conflict-free Kimberly Process. The conflict-free Kimberly process is a U.N authorized process used to track diamonds from the mining stages to the market. They further state that their zero-tolerance policy for any supplier is very clear and the relationship will be terminated if this policy is breached. They further put up a warranty for any suspicious diamonds in the market.
Blue Nile mostly sources from Russia, Australia, Canada and Africa. Immediately an alert was made for Marange district in Zimbabwe, Blue Nile cut all ties with all suppliers from the said region.
In Canada, there is less scrutiny of diamonds unlike in Africa. It is possible to export diamonds to Canada and have them labeled Canadian Diamonds. They undergo the Kimberly Process while in Canada before being sold to retailers. This information is mostly speculated but it is worth your attention.
This company has a position in Responsible and credible Mining. This is one of the qualities that makes them authentic retailers. Their focus is not only on diamonds that are free from conflict but also on gold and other metals. They endeavor to get metals and gold from high-quality suppliers who value human rights and their environment more than proceeds. They prefer suppliers adhering to very strict standards.
Blue Nile relies on the reports concerning the supplier standards. This is because they are an online bridge between consumers and suppliers. Blue Nile enforces the no-tolerance policy following the outside standards used to hold the suppliers. This creates a big risk for a supplier who plans to lie. You can never be completely sure about the ethics of all the jewelry and diamond at Blue Nile.
How to Check if Blue Nile Jewelry is Conflict Free?
The best and simplest way to find out if a company that sells diamonds is conflict-free is to check if they follow the Kimberly process. This process was developed in the 1990s after guerrilla and civil wars that arose in Africa regions were being facilitated by dreadful diamond mining. Selling the diamonds further fuelled terrorism.
This process was enacted by the U.N allowing the diamond industry to ensure that all players in the chain hold themselves strictly to the Kimberly Process. This is a self-policy. This means there is plenty of room for doubt. Most markets these days have several restrictions to avoid what is popularly known as ‘blood diamonds
Once the diamonds reach the port, U.S check to make sure that all the stones coming in, have all the required paperwork and proper licensing. These steps ensure all suppliers followed the Kimberly Process. You can also get in touch with their suppliers directly. However, throughout the Kimber Process, self-reporting is done. Unless an external audit is done, all we have is their word.
The safest and simplest way to keep from buying conflicted diamonds is to stay away from diamonds that originate from a conflicted zone. Blue Nile also does the same and has recently terminated relationships with some of the regions in Zimbabwe.
Some suppliers avoid the line in order to increase their proceeds. His is mostly objected by some insiders in the diamond industry. It is now common to see relationships being severed if a supplier is suspected to have conflicted stone.
To gain the confidence of buyers, Blue Nile has a warranty put in place for those suspicious diamonds. This means if you bought a diamond from Blue Nile and its region of origin comes under investigation for conflicted stones, then your stone will be retrieved and then replaced.
So the easiest way to confirm if the Diamonds sold at Blue Nile are free from conflict is to find out the policies they have in place if the Kimberly Process is upheld, if questionable diamonds are warranted and if external auditing is regularly done.
Blue Nile made it public that there is zero tolerance to blood-stained diamonds for both themselves and suppliers. They have a warranty for any bloodstone that goes through their company. This is to save you from bearing the mistake in the future. They go further to conduct an audit on the suppliers to see how well they follow the Kimberly Process. The thoroughness of the audit is not clear.
Blue Nile mines the diamond and sets them themselves. They give their clients peace of mind when it comes to blood diamonds. There is little to no reason for you to buying from them is a source of guilt in the future. In as much as there are guarantees and warranties put in place, it is still difficult to be completely sure of the purity of a stone.
Research on the internet has recently revealed and raised several questions on one of the suppliers from Canada. There is little evidence to sustain the suspicion other than some few over the phone conversations. This evidence is also based on speculations only. It is important to question this as unethically sourced diamonds are a very big risk and a sad reality. Though the earlier percentage of 4% of the total diamonds reduced to 1%. Conflict diamonds still pose a great risk.
Diamonds have always been precious stones. They add a dazzling effect to a piece of jewelry or occasion anytime they are worn. Conflict darkens this dazzling for no good reason. Companies and those suppliers adhering to the Kimberly Process make this sad truth become a reality. It is therefore important for all consumers to ask the necessary questions and research on how Blue Nile and similar companies acquire their diamonds and from where. Check if the standards have all been met for your own safety.
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