ALTR Created Diamonds has become the first lab-grown diamond producer to receive the prestigious SCS-007 Sustainability Rated Diamonds Certification from SCS Global Services.
This certification marks a significant milestone for the company, and also for the lab-grown diamond industry, recognising ALTR’s compliance with rigorous environmental and ethical standards in its production processes.
Details of the Certification
In attaining the SCS-007 Certification Standard for Sustainability Rated Diamonds, ALTR has complied with the stringent criteria set out by SCS Standards – a robust, multi-stakeholder sustainability standard specifically designed for the diamond industry.
Since its inception in 2006, ALTR has utilized 100% renewable energy in its production processes, aligning with its focus on sustainability in the lab-grown diamond sector. It is also the first to receive such a certification with a Sustainability Rating score of 100, achieving outstanding marks across environmental, social, and governance (ESG) metrics that include human rights, workers’ rights, health & safety, and business integrity.
Core Elements of the Certification
The SCS-007 certification encompasses several critical areas of sustainability:
- Verified Origin Traceability: ALTR provides more than 99% accuracy in tracing the origin of its diamonds, ensuring transparency and accountability.
- Ethical Stewardship: The company upholds strict environmental and social responsibility standards, reinforcing ethical practices within the industry.
- Net Zero Carbon Footprint: ALTR has successfully achieved a net zero carbon footprint, with ongoing commitments to further reduce carbon emissions.
- Sustainable Production Practices: ALTR is dedicated to minimising environmental impacts and aims to achieve net zero impacts in additional categories such as air and water pollutants.
- Sustainability Investments: The company not only focuses on enhancing its operations but also supports projects benefiting communities and environmental protection.
Each SCS-007 certified diamond includes a consumer certificate detailing the stone’s sustainability credentials.
Founder’s Commentary
Amish Shah, founder of ALTR and J’EVAR, expressed his views on the certification: “Sustainability is not a buzzword, it’s in our DNA. Receiving the SCS-007 recognition is a tremendous honor for ALTR. This certification validates our commitment to the highest ethics and morality in the lab-grown diamond industry,” said Shah. He emphasised the integrated approach of ALTR’s operations from diamond cultivation to jewelry creation, which maintains high standards of quality and transparency.
Implications for the Industry
ALTR’s achievement in obtaining the SCS-007 certification represents a significant advancement for the lab-grown diamond industry, setting a precedent for sustainable practices. This certification could influence industry norms and consumer expectations, particularly as the demand for environmentally responsible products grows.
For jewellers, adopting such certifications could be beneficial, potentially attracting consumers interested in ethical and sustainable production.
