Diamonds Do Good: Company Profile

Background

Mission and Vision

Diamonds Do Good is a global nonprofit organization dedicated to highlighting and supporting the positive impact of natural diamonds on communities worldwide. Founded in 2007, the organization envisions a world where the natural diamond industry is universally recognized as a force for positive change, creating opportunities, fostering sustainable development, and illuminating lives across the globe.

Primary Area of Focus and Industry Significance

The organization focuses on promoting the social and economic benefits of natural diamonds, emphasizing their role in community empowerment, education, healthcare, and environmental conservation. By serving as an impartial third-party authenticator, Diamonds Do Good showcases the meaningful contributions of natural diamonds to communities, thereby enhancing consumer confidence and promoting ethical practices within the diamond industry.

Key Strategic Focus

Core Objectives

• Community Empowerment: Support and celebrate the positive impact that natural diamonds have on communities around the world.

• Education and Healthcare: Fund and promote initiatives that provide education and healthcare services in diamond-producing regions.

• Sustainable Development: Encourage and support sustainable practices within the diamond industry to ensure long-term benefits for communities.

Specific Areas of Specialization

• Grant-Making Initiatives: Provide grants to organizations and projects that align with their mission, focusing on education, healthcare, and economic development.

• Impact Reporting: Publish annual impact reports detailing the outcomes and effectiveness of their initiatives.

Key Technologies Utilized

As a nonprofit organization, Diamonds Do Good primarily utilizes digital platforms for communication, fundraising, and reporting. This includes their official website, social media channels, and digital newsletters.

Primary Markets or Conditions Targeted

The organization targets diamond-producing regions across Africa, India, and Canada, focusing on communities where natural diamonds are mined, crafted, polished, and sold. Their initiatives aim to address challenges such as limited access to education, healthcare, and economic opportunities.

Financials and Funding

Funding History

Diamonds Do Good is funded through donations from industry stakeholders, including diamond producers, manufacturers, retailers, and consumers. The organization has a history of receiving substantial support, enabling it to fund various initiatives and grants.

Total Funds Raised

While specific figures are not publicly disclosed, the organization has reported significant funding over the years, allowing for impactful grant-making and program implementation.

Notable Investors

The organization receives support from a diverse range of donors within the diamond industry, including major diamond companies, jewelry retailers, and individual philanthropists.

Intended Utilization of Capital

Funds are utilized to support grant-making initiatives, publish impact reports, and promote the positive impact of natural diamonds through various programs and events.

Pipeline Development

Key Pipeline Candidates

Diamonds Do Good does not develop products or services in the traditional sense. Instead, it focuses on identifying and supporting organizations and projects that align with its mission.

Stages of Clinical Trials or Product Development

Not applicable, as the organization does not engage in product development or clinical trials.

Target Conditions

The organization targets social and economic challenges in diamond-producing communities, including limited access to education, healthcare, and economic opportunities.

Relevant Timelines for Anticipated Milestones

Diamonds Do Good publishes annual impact reports and hosts events such as the Diamonds Do Good Awards Gala, which are key milestones in their calendar.

Technological Platform and Innovation

Proprietary Technologies

As a nonprofit organization, Diamonds Do Good does not develop proprietary technologies.

Significant Scientific Methods

The organization employs data collection and analysis methods to assess the impact of its initiatives, ensuring transparency and accountability in its operations.

AI-Driven Capabilities

While not explicitly stated, the organization likely utilizes data analytics and digital platforms to enhance its outreach and reporting capabilities.

Leadership Team

Executive Profiles

• Nancy Orem Lyman – Executive Director and Vice President

With over 20 years of experience in both for-profit and non-profit organizations, Nancy has been instrumental in driving the mission of Diamonds Do Good. Prior to joining in 2010, she worked as a strategy consultant and held positions at the World Diamond Council and De Beers Group Marketing.

• Madison Harvey – Associate Programs Director

A creator and storyteller with a background in Journalism from Auburn University, Madison joined Diamonds Do Good in 2020. She has traveled internationally to document and share the stories of individuals and companies driving positive change in the diamond industry.

Board Members

The board comprises industry leaders and professionals, including:

• Mike Alexander – President, Jewelers Mutual Group

• Sarin Bachmann – Senior Vice-President, RX Jewelry Portfolio

• David Bonaparte – President & CEO of Jewelers of America

• Julia Hackman Chafé – Jewelry/Luxury Content Creator

• Dr. Benjamin Chavis – Civil Rights Leader & Diamonds Do Good Co-Founder

• Kathy Corey – President, Diamonds Do Good | Former Owner & Board Member, Day's Jewelers

• Nathalie Diamantis – Industry Professional

• Monica Elias – CEO, Elias World Media

• Peter Engel – President-Elect, Diamonds Do Good | Industry Consultant

• Rebecca Foerster – President, Hearts on Fire

• Jack Gabriel – Founder/CEO, Gabriel & Co.

• Christina Gandia Gambale – CEO and Co-Owner, Greenwich St. Jewelers

• Stephanie Gottlieb – Designer & CEO, Stephanie Gottlieb LLC

• Bobbi Hansen – Partner, Elephant Gems

• Abhay Javeri – Founder, S.D.C. Designs

• Ellen Junger – SVP, Chief Services Officer, Helzberg Diamonds

• Allison Katz – President, Krupp Group PR

• Mark Klein – Director of Operations, Julius Klein Diamonds

• Nilesh Kothari – Managing Director, Jewelex

• Eddie LeVian – CEO, LeVian Corp.

• Avi Levy – Chief Growth Officer, GCAL by Sarine

• Anna Martin – Immediate Past-President, Diamonds Do Good; Senior Industry Consultant

• Sally Morrison – Natural Diamonds Market Lead, De Beers Group

• Kristie Nicolosi – CEO, Kingswood Company

• Lola Oladunjoye – Designer, Lola Fenhirst

• Piyush Patel – Partner, Dharmanandan Diamonds

• Pritesh Patel – President and CEO, GIA

• Constance Polamalu – COO, Zachary's Jewelers | Founder, Birthright Foundry

• Kealeboga Pule – Founder & Managing Director, Nungu Diamonds

• Craig Rottenberg – President, Long's Jewelers

• Andrew Siegel – COO, Hamilton Jewelers

• Dov Tannenbaum – Principal, Leo Schachter Diamonds

• Marcus ter Haar – Not-For-Profit Advisor

• Iris Van Der Veken – Executive Director, Watch & Jewellery Initiative 2030

Leadership Changes

In January 2025, Diamonds Do Good announced the addition of Julia Hackman Chafé and Monica Elias to its board of directors. Julia is a third-generation gemstone dealer and leading jewelry content creator, while Monica is the CEO of Elias World Media with over two decades of experience in video and film production.

Competitor Profile

Market Insights and Dynamics

The nonprofit sector focusing on the positive impact of natural diamonds is niche, with Diamonds Do Good being a leading entity. However, other organizations and initiatives also promote ethical practices and community development within the diamond industry.

Competitor Analysis

• Brilliant Earth

An American jewelry company established in 2005, Brilliant Earth specializes in ethically sourced diamonds and gemstones. It has been influential in creating a market for ethically sourced jewelry.

• Veynou

A German jewelry company founded in 2021, Veynou specializes in laboratory-grown diamonds, gemstones, and sustainable jewelry. It focuses on providing eco-friendly alternatives to traditional diamond jewelry.

• Diamond Standard

Established in 2018, Diamond Standard produces an exchange-traded, regulated diamond commodity, enabling investors to access the diamond market.

Strategic Collaborations and Partnerships

Diamonds Do Good collaborates with various organizations and industry leaders to amplify its impact, including partnerships with retailers like MJ Christensen Diamonds to support initiatives such as the Flaviana Matata Foundation in Tanzania.

Operational Insights

Diamonds Do Good differentiates itself by focusing solely on the positive social impact of natural diamonds, without engaging in the commercial sale of diamonds. This unique position allows it to serve as an impartial entity dedicated to community empowerment and sustainable development.

Strategic Opportunities and Future Directions

The organization aims to expand its grant-making initiatives, enhance its impact reporting, and strengthen partnerships with industry stakeholders.