In 2021, the top exporters of Diamonds were India ($26.3B), Belgium ($13.9B), United Arab Emirates ($13.6B), United States ($12.1B), and Israel ($9.06B). In 2021, the top importers of Diamonds were India ($26B), United States ($18.2B), Hong Kong ($14.6B), Belgium ($13.7B), and United Arab Emirates ($13.6B).
In 2017, diamond exports from African countries were valued at $9.65bn in the global market. The USA is the world's top buyer of diamond jewellery, purchasing more than 40% of all stones.
India imports most of its Rough diamonds from United Arab Emirates, Belgium and Russia and is the largest importer of Rough diamonds in the World.
India's imports are particularly high because it is the world leader in diamond processing.
India is one of the few countries where diamond mining, cutting, and trading goes on simultaneously. If you are from outside India, you may end up buying a diamond ring that is 10%-30% cheaper than in your homeland. But this is not the sole reason behind better prices.
The most expensive diamond in the world is owned by the British Royal Crown. The Kohinoor gem currently resides at the HM Tower of London where it is displayed as the central diamond of the Queen Mother's Crown.
Diamonds in Africa were formed somewhere between 600 million and 3 billion years ago when titanic-force pressure and heat caused carbon 1,200 miles (1,931 km) below the Earth's surface to crystallize. As recently as a million years ago, erupting molten rock brought the diamonds closer to the Earth's surface.
The most expensive thing in the world is related to the Universe and it is the International Space Station. The amount which has gone towards its existence in terms of building and designing is $150 billion.
Nevertheless, Russia is the world's biggest diamond exporter by volume, followed by African countries. A state-owned company called Alrosa dominates Russian diamond mining - and it mined almost a third of the world's diamonds in 2021.
When ranked by the value of the diamonds they have extracted, De Beers group is the world's largest diamond producer. A joint venture by De Beers and the Botswanian government, Debswana was founded in 1969 after rough diamond deposits were discovered in Orapa.
According to data gathered and analyzed by Learn Bonds, three countries alone control at least 80.6 percent of all the world's diamond reserves globally namely Russia, the Democratic Republic of Congo (DRC) and Botswana.
The most common reason is to express their love and admiration for their partner. Another reason is that diamond jewellery has the ability to attract women – perhaps not the reason that most guys or women might appreciate, but valid nonetheless! Giving diamonds is a very old tradition.
Certain pink diamonds called Argyle diamonds are among the rarest colored diamonds, and are mostly mined by one single mine, the Argyle mine, in Australia. Although their rareness is comparable to blue diamonds, pink diamonds can often be more expensive due to the high demand for their sweet, romantic pink color.
De Beers S.A., South African company that is the world's largest producer and distributor of diamonds. Through its many subsidiaries and brands, De Beers participates in most facets of the diamond industry, including mining, trading, and retail.
De Beers plc is the holding company of The De Beers Group of Companies. It is involved in many parts of the diamond value chain, from mining to sales, and is made up of a series of joint ventures and wholly owned operations. The joint ventures are: Debmarine Namibia.
Africa. Together, Africa's diamond-producing countries mean that Africa is the world's first diamond area representing more than 60% of the global diamond production.
Although most black diamonds on the market today are either superheated or irradiated to an almost black color, natural black diamonds do exist, though they are extremely rare. Carbonados, sometimes called "black diamonds," are a distinct and unusual polycrystalline diamond material.
Dubai is deemed as one of the cheapest places to buy diamonds and rightly so. There's a reason that it is regarded as one of the world's top three diamond trading centers—the other two being India and Belgium.
The Cullinan Diamond is the largest gem-quality rough diamond ever found, weighing 3,106 carats (621.20 g), discovered at the Premier No. 2 mine in Cullinan, South Africa, on 26 January 1905. It was named after Thomas Cullinan, the owner of the mine.
Are diamonds much cheaper in Dubai? Yes, diamonds are much cheaper in Dubai compared to any other country across the world. The main reason for this is the government doesn't impose any tax here for selling these items. So, customers don't need to pay taxes on buying diamonds.
Diamonds typically lose between 25 and 50 per cent of their actual worth upon resale due to market fluctuations, the markup on your ring, and the decline in diamond prices. A portion is also taken out for insurance.
But why is the resale value only 90% of the prevailing price? Experts say this is because unlike gold, diamonds cannot be melted, cut or polished to make another piece of jewellery. (The images for 4Cs of diamond have been sourced from Trend report KISNA The Eternal sparkle - Your Buying Guide.)
India is reckoned as the world's largest cutting and polishing center for diamonds. This is attributed to factors such as the easy availability of high skilled labour, cutting-edge technology, and lower costs of operation.