The Diamond Industry

The diamond industry involves extracting rough diamonds from mines, sorting and grading them based on quality factors like size, cut, color, and clarity. These stones are then cut and polished to enhance their sparkle before being sold to jewelry manufacturers, retailers, and consumers worldwide. The industry is influenced by factors such as mining locations, market demand, ethical sourcing, and the rise of synthetic diamonds. Although diamonds symbolize luxury and durability, their value is largely driven by branding, marketing, and perceived rarity. Ethical concerns, like conflict diamonds, have led to the development of certification systems ensuring responsible sourcing.