Diamond Industry And India

1. Diamond Industry And India Source - https://medium.com/@joyari/diamond-industry-and-india-f8908665c513 A piece of jewellery is not just another style statement but a way of presenting yourself in public. And diamond jewellery is a great choice for that. It’s the gem of a mineral that exists only around 100 miles beneath the earth. They are formed under extensive high temperature and pressure conditions. Then goes under difficult procedures to get its inherent priceless value. Since ages, diamond jewellery has been true love for ladies. As far as history is concerned, the first instance of diamond jewellery is found from its use in the crown of a Hungarian queen in the year 1074 AD. Among the rich and famous people of the Ancient World, exquisitely crafted diamond jewellery was found to be a favourite. The royals of Greek, Rome,

2. Mesopotamia, Pharaohs etc. always had the demand for diamonds. It’s the most extraordinary gemstones from Medieval times. With the arrival of the 2oth century, a well-known diamond rush occurred in South Africa. This helped to get easy access to change the jewellery industry forever. During the period of the Renaissance, diamonds became a subject of ornamentation. It symbolized the wealth of a person. But do you know that about 3000 years ago one of the first diamonds was found in India? However, it was only in the 11th century that diamond cutting and polishing began to make its mark. Under this, raw diamonds were transformed into beautiful and magnificent gemstones. That time, they were strictly reserved for the high society and the royals. Some of the world’s finest diamonds are cut and polished in Surat, a small town on the west coast of India. Their craftsmanship is almost second to none. A cut and finely polished diamond pose more than a thousand times value then a raw stone fetched from the mine. The market value of a diamond cutter is established with the fineness of the cut and polished diamond. With the arrival of finely crafted diamonds, jewellery makers thought to incorporate them into their jewellery and value to them. Indian Jewellers are skilled at identifying, polishing and setting the diamonds right. There are around 6,500 diamond manufacturers in the country. The diamond industry in the country is based on extremely high-value transactions that demand mutual trust. Also, India’s diamond exports ranked second in the world, valued at US$ 18.1 billion, which accounted for 15.3% of the global diamond exports in FY17. However, over the years with excessive mining, gem-quality diamonds are getting increasingly extinct. Less than 20% of mined diamonds are considered to be of gem value and among them, only 2% is considered exclusive and investment grade. And only a few

3. players can offer such diamonds to their customers, like Joyari. They are even selling beautiful diamond jewellery online with the perfect use of yellow gold and pearls. Conclusion:- Diamond is always considered to be the most durable and extraordinary gemstones from Medieval times. Though it hardly matters with time, this form of jewellery is always considered durable and something extraordinary. The diamond industry in India attracts all, but it is not for all.