Understanding the Challenges of the Lab-Grown Diamond Industry and the Importance of Values in ESG Investing
Published: 2023-11-10The lab-grown diamond industry is facing a big challenge. It needs to realize that it is different from natural diamonds if it wants to do well. Vinit Jogani, from Lemon Consultech, thinks the industry should focus on showing the special qualities and uses of lab-grown diamonds instead of copying the strategies of natural diamonds. Jogani also says they should have smaller profits, lower prices, target different markets, use a different system to grade and price the diamonds, have unique shapes, coexist with natural diamonds, and be more honest in the lab-grown diamond industry.
A new report about ESG investing says there is a mistake in how we think about it. Right now, we mainly think about how environmental and social risks affect people who own shares in a company, instead of thinking about how companies can harm the world. The report says we should focus more on values when we invest in ESG, and care more about doing the right thing instead of making money. It also says we need to know more about how companies measure ESG and share that information with the public. The report suggests making special funds for people who care about values more than money. It knows not everyone will like this idea, but there are many people who are willing to make less money if it means doing the right thing. The report says we need to think about protecting the environment and society more when we invest in ESG.
Ceres is a group in Boston that cares about sustainability and stopping global warming. It has become a strong player in making government policies. The group has brought together banks, pension funds, unions, and big companies to push for climate policies. Ceres has also worked with other groups and policymakers to make its ideas happen. But some people worry that Ceres might be working with others in secret and that we don’t know where it gets its money from.
These three stories show how important it is to understand the differences and challenges in different industries, and to think about values when we invest. They also show how advocacy groups can have a big impact on policies. As consumers and investors, it’s really important for us to know about greenwashing, lies, and tricks so we can make good choices and help make the world better for the next generation.
https://www.jckonline.com/editorial-article/changes-lab-grown-diamond-market/