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The Diamond Industry

Almost 80% of the worlds diamond productionmarket are first classified into one of the
and rough supply is managed by "De Beers".16,000 different standards of quality, based
This is not a single company but ratheron their form, quality, colour, and size.
several different entities hiding behind theThere are sorting houses in London, Lucerne,
one name. These companies are involved inGaborone, Windhoek, and Kimberley. In the
every step of a diamonds life, fromvaluation of diamonds colour, cut, clarity,
extraction to polishing and on to the pointand carat are the four c's used to decide
of  sale.it's  value.
All sorted and valued diamonds go to LondonOnly about 20% of all diamonds are classified
to the Diamond Trading Company. They areas "gemstone quality" and used in making
then put into lots to be sold at a fixedjewellery, the rest are sold to industry as
price. You cannot make partial purchases, a"industrial diamonds" for drilling, cutting,
full  lot  must  be  bought.and milling purposes. Due to its extreme
hardness, diamonds can cut through almost any
There are currently only 120 individualssurface  and  are  vital  to most industries.
accredited by the Diamond Trading Company who
are allowed to purchase diamonds. TheseThey make excellent abrasives as they can
diamond buyers can purchase the lots at tenonly be scratched by other diamonds. The
selling events a year, in London Lucerne andhardest diamonds in the world are from New
Johannesburg. The resale of the diamonds isEngland in Australia, and are used mainly to
carried out by direct buyers normally oncut other diamonds. There are other uses for
diamond exchanges, which are basically largediamonds, including both semi-conductors and
diamond  markets.insulators, depending on the properties of
the diamond.
All the diamonds that De Beers brings on the



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