Lorraine Schwartz is the woman behind some of the most memorable celebrity jewelry moments ever — including Angelina Jolie’s 115-carat emerald drop earrings at the 2009 Oscars, Beyoncé’s $5 million engagement ring from husband Jay Z and Blake Lively’s custom halo with over 100-carats of champagne diamonds at the 2018 Met Gala — and now, she’s lending her expertise to up-and-coming talent through the Emerging Designers Diamond Initiative in partnership with the Natural Diamond Council (NDC).

Announced on Monday, the Emerging Designers Diamond Initiative will launch later this month with $1 million of diamond credit committed to supporting emerging BIPOC jewelry designers.

The Emerging Designers Diamond Initiative aims to help a diverse group of designers establish their own businesses and provided guidance on the process of diamond financing. Schwartz and the NDC will offer a $20,000 credit to each designer and stand as a guarantor with the diamond suppliers. Once credit and relationships are established, the designers will have access to diamonds from Lorraine Schwartz and NDC’s partners along with their vast networks and resources. Applications are being accepted now.

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