SAN FRANCISCO, July 27, 2020 /PRNewswire/ -- An S&P Global "TruCost" study, paid for by the Natural Diamond Council, the association of diamond miners, used misleading data and math in a study meant to cast aspersions on the environmental benefits of man-made diamonds, according to Diamond Foundry.
Diamond Foundry reviewed the study and found numerous egregious errors including:
Given De Beers is a key member of the Natural Diamond Council, their own unit's data should certainly have been accessible.
"The plain fact is that the net carbon footprint for the leading technological producers such as Diamond Foundry is zero, an aspirational goal for diamond miners and technology companies world-wide," said Martin Roscheisen, CEO of Diamond Foundry.
Diamond Foundry has requested S&P Global to withdraw the study on the recognition of its glaring errors and its misleading impact on consumers world-wide.
About Diamond Foundry
Diamond Foundry Inc., headquartered in San Francisco, California, is a leader in manufacturing innovation and America's #1 producer of diamonds for jewelry and semiconductor applications. Unlike foreign diamond producers, Diamond Foundry is not dependent on mining and does not engage in cartel pricing. For more information, visit DiamondFoundry.com
SOURCE Diamond Foundry