Manmade diamonds present a new era in diamond cutting technology

For decades, it has been perhaps the world’s most genius slogan that diamonds are indeed forever. This is an industry that, over time, has evolved to bloom into the booming sector that it is today. Every year, around 150 million carats of diamonds are extracted from the Earth. And, unfortunately, it has not always been an industry that has actively practiced ethical resourcing of the diamonds. For generations, the blood diamond trade in Africa enticed some of the most dangerous, even hostile worker conditions in the world (if you can ever call them that).

The drive for diamonds has never ceased, nonetheless. People all over the world consider diamonds to be some of the most precious stones available, and indeed they are. But more to the point, now that awareness and a general understanding of how exactly so many of those diamonds make it to the international market has bloomed so significantly, there is more of a push to source the precious stones more reasonably, on every front. The diamond industry might not be going anywhere any time soon, but the hope is that soon the way in which it operates from the onset will change.

The push for a more ethically sustainable approach to sourcing diamonds

Over time, ethical awareness spread, and today there is a push to eradicate the blood diamond industry, but it is an ongoing battle (for more information on legal rights surrounding workplace incidents check it out here). Even so, a rising solution to the crisis comes in the form of manmade diamonds. These diamonds are just as beautiful as organically sourced diamonds, and with a practically flawless ethical stance on sourcing, polishing, and marketing, at that. And, as it turns out, an especially significant approach to diamond cutting.

It all starts with controlled manmade growth inside a specified lab

Being made in a lab, manmade diamonds are controlled from the moment their creation and subsequent growth is initiated, to the moment they are polished and finalised before being sent out to the global market. Whereas organically grown and sourced diamonds are all different sizes, shapes, and clarity, manmade diamonds can be controlled every which way, which ultimately makes them more easily cut and polished when the time comes for that process to take place.

Diamond cutting manmade diamonds is more acute, more precise

The laser cutting technology used to cut diamonds in manmade and controlled labs is so precise that I can make thousands, if not millions, of the exact same cut, to the exact same specifications, to the exact same quality, time and again. Further, the process of diamond cutting these stones is more time-effective, owing to the fact that the machines used to control and carry out the diamond cutting technology are much faster than human hands. This makes it easier for manmade diamonds to be cut not only more precisely, but more quickly, ensuring that turnover rates remain high and the quality remains at its best.

Financial coaching: Is it necessary?

Let’s face it, school prepares us for everything but the real world which is bogged down with taxes, repayments, loans and other financial baggage. College gives us a taste of it by forcing us to pay bills, rent and fees. However, unless you are a student in finance, financial management might not come easily to you. Some people run themselves into debt the moment they leave college because they simply do not understand the concept of money and how to make it work for you. 

Turn debts into profits

It might sound like a bit of a stretch, but if one lady can manage to dig her way out of debt after being laid off, it goes to show that everyone can. Whether through the help of online loans with no credit check and instant approval to set up a new business or to help you out of a bit of a tight financial spot or simply by offering your skills up for hire, there are definitely ways that one can find a way out of debt and begin creating revenue.

How a financial coach can help 

Some might wonder how is it practical to hire someone to help them out of a financial crisis, while they are in a financial crisis – wouldn’t it be much wiser to use whatever money one has to pay off their debts rather than to run up a bill with a financial coach? The matter of perspective is important here: a financial coach will be able to teach you how to avoid such circumstances in the future and how to get out of the current situation. It is a worthy investment, especially if one is completely clueless in terms of financial management. 

One financial coach defined what she does as, “changing behaviors around money and helping a client see where they can reduce spending to create more savings, or helping them get out of debt or understanding their emotions around money, which may have created obstacles to good financial management.”

What is emotional spending

Everyone has heard the concept of how shopping makes one feel better – when you’re having a bad day or just feeling down in the dumps, retail therapy has been proven to lift spirits and boost one’s mood. Apparently, it ties in with wishful thinking: people purchase items that they foresee they will use in their future. As PsycologyToday puts it, “As people shop, they’re naturally visualizing how they’ll use the products they’re considering, and in doing so, they’re also visualizing their new life.” What this does is it motivates the individual into chasing their new life instead of allowing their current circumstances to stand in the way. However, this behavior can also be damaging when the shopper spends more than they can afford and purchase things which will only bring them deeper debt. 

Therefore, it is crucial to be responsible with one’s finances and if you are finding it hard to control your shopping urges or do not know how to manage your salary, it is definitely helpful to turn to someone who is successful in your life – a brother, aunt or parent – to help you better manage your finances or if you are unable to find such a person, it is time to turn to a financial coach.