Jewelers and watchmakers typically rely on complex supply chains to produce each piece of jewelry or watch. Mines have polluted waterways and soil with toxic chemicals, harming the health and livelihoods of whole communities. In war, civilians have suffered enormously as abusive armed groups have enriched themselves by exploiting gold and diamonds. Indigenous peoples and other local residents near mines have been forcibly displaced. Children have been injured and killed when working in small-scale gold or diamond mining pits. In India, for example, weddings generate approximately 50 percent of the country’s annual gold demand.įor Valentine’s and Mother’s Day, Americans spend more on jewelry than any other type of gift, purchasing nearly $10 billion of jewelry for the two holidays in 2017.įor millions of workers, gold and diamond mining is an important source of income.īut the conditions under which gold and diamonds are mined can be brutal. The purchase of bridal jewelry, including engagement and wedding rings, has particular emotional and financial significance. Globally, about 90 million carats of rough diamonds and 1,600 tons of gold are mined for jewelry every year, generating over US$300 billion in revenue. Gold and diamond jewelry, in particular, are frequently purchased as gifts for loved ones and for special occasions. Jewelry and watches denote wealth and status, as well as artistry, beauty, and love. The Hidden Cost of Jewelry: Human Rights in Supply Chains and the Responsibility of Jewelry Companies
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