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A constant examination of the global diamond business from mining to retail. Using industry data and analytics, it is explained in context with clarity.
What is the Diamond Industry?
The diamond industry is a fascinating sector, with a rich and, at times, controversial history. To satisfy global consumer demand for diamond jewelry, the diamond industry invests in exploration and has developed new ways to extract diamonds from the ground.
It employs sophisticated ways to assess rough diamonds without the need to first cut them open, and has developed state-of-the-art technologies to plan diamond polishing. In addition, the industry has sophisticated ways to grade diamonds, and a complex way for determining a diamond’s value.
The diamond industry also includes design and jewelry manufacturing. Some are ultra-modern, and others very traditional. In all cases, they address consumer demand and tastes.
Are Diamonds Expensive?
Diamonds come in all sizes and clarities, and in many colors. The rarer a diamond, the higher is its value. Some are very pricy, and some are less so. There is a diamond for every budget.
Along the value chain, miners, polishers, jewelry makers and retailers do not have a wider margin than their counterparts in other sectors.
Surprised? Read the following insight posts and reports to learn more about the economics of the diamond industry.
What Are the Components of the Diamond Industry?
The diamond industry includes:
- Rough diamond sales
- Diamond polishing
- Polished diamond wholesaling
- Jewelry making
- Consumer demand
The following posts provide insights into how exactly the diamond industry works, the ways miners sell rough diamonds, how diamond polishers tackle changing demand in a lengthy polishing process, and the financial issues that all parts of the diamond industry face.
For a deeper look into this topic, please see below: