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Diamond, Ruby, Blue Safaya, Jarmllod, all stones wholesale price.
The slightly misshapen octahedral shape of this rough diamond crystal in matrix is typical of the mineral. Its lustrous faces also indicate that this crystal is from a primary deposit.
Brown colored diamonds at the National Museum of Natural History
A scattering of round-brilliant cut diamonds shows off the many reflecting facets.
History
Diamonds have been treasured as gemstones since the ancient times.[citation needed] Popularity of diamonds has risen since the 19th century because of successful advertising in spite of a greatly increased supply. Diamonds are not normally used as a mainline store of value during times of crisis, due to their lack of fungibility and low liquidity.[citation needed] However, they may still be useful during times of hyperinflation.[citation needed]
Approximately 20% of mined diamonds are used in jewelry and 80% for industrial uses (such as lasers, drill parts and surgical equipment).[citation needed]
Chemical vapor deposition is now used to produce cultured diamonds which, unlike diamond simulants, require very close inspection to distinguish them from natural diamonds.[citation needed]
Diamond price
Historically, the wholesale diamond price has been controlled by De Beers Group, which has an estimated 40% to 50%[1] of the market. Botswana is currently the largest producer of diamonds with mines operated by Debswana, a joint venture between De Beers and the Botswana government. However, since the 1980s, other producers have developed new mines in Russia, Canada and Australia for example, challenging De Beers’ dominance (historically De Beers market share was considerably higher, e.g. 80%[citation needed]). De Beers through its trading company known as the DTC raised wholesale diamond prices three times in 2004 by a total of 14%.[citation needed]
The United States is the biggest consumer of diamonds in the world. The U.S. accounts for 35% of diamond sales, Hong Kong 26%, Belgium 15% (Antwerp is the world’s diamond-trading centre), Japan 6%, and Israel 4% [2]. Israel and Belgium are important Hubs for trading diamonds thus consumption numbers are a bit misleading. The price of diamonds fluctuates with global demand and the world economy.
Diamond prices vary widely depending on a diamond’s carat, color, clarity and cut (The 4 C’s). In contrast to precious metals, there is no universal world price per gram for diamonds. However the industry does use tools such as the Rapaport Diamond Report and The Gem Guide which are published weekly or quarterly, as a price references.
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