Nov 06, 2015 BY Diamond Foundry IN Diamond Industry,
In an opinion piece in the New York Times, former CEO of Tiffany & Co. Michael J. Kowalski discusses the treacherous consequences of mining, claiming that “few industries in the world have a larger environmental and social footprint than mining.”
He believes the jewelry industry must improve every aspect of its supply chain:
“The threat to Bristol Bay exemplifies a far larger issue: the enormous human and environmental cost of irresponsible mining. I am saddened to realize how little progress the jewelry industry has made in ensuring that the precious metals and gemstones on which it relies are extracted and processed in ways that are socially and environmentally responsible.”
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