Facts about Diamonds
What knowledges do you need to buy a diamond? First of all, the value of a diamond determined by “4C”. This abbreviation means: “carat”, “color”, “clarity”, “cut”.
Carat - The weight and size of a stone is expressed in carat.
- Small size: <0,29 carat
- Medium size: 0,3 - 0,99 carat
- Large size: >1 carat
Colour - The colour gradation of a colourless diamond ranges from D (colourless) to Z (yellowish).
Clarity - Most diamonds have impurities, called inclusions.
Cut - The cut refers to the proportions, symmetry and shine of a diamond.
Also there are three types of inclusions. The most common internal inclusions can be different form of coal, clouds and ‘feathers’. The clarity of the diamond can be flawed in two ways: external and internal impurities. First one is depended on human factor like cutting process or daily use result.
The peculiarity of the global diamond market is the principle of separation of mining and processing of stones. Total reserves are estimated at 2 billion carats. Diamonds are mined in more than 26 countries and the main volume of production of natural diamonds (in carats) is given by only five countries: Australia, Botswana, the Republic of Congo, Russia and South Africa. The world's largest diamond cutting centers are USA, Belgium, India, and Israel. Together they cut 65% of diamonds mined. Although diamonds can be found in more than 20 countries of the world, almost all production is concentrated in eight of them: Botswana (24%), Russia (20%), Canada (15%), Angola (12%), South Africa (11%), DR Congo (8%), Namibia (6%), Australia (2%).
There are hundreds of mining diamond companies in the world, but basically all mining is concentrated in several large enterprises: these are ALROSA, De Beers, Rio Tinto and Bi-HSP Billiton.
The price list of Rapoport is considered the most popular among foreign price lists. It is a summary of the diamonds supply on the New York market expressee in dollars. The list is regularly compiled on the basis of data obtained from surveys.
Russia ranks first in the world in terms of the volume and value of diamonds mined. The ALROSA Group produces 93% of all diamonds in Russian Federation and is the leader of the global diamond industry.
The diamond market is too monopolized, and this problem should be solved. That’s why we have decided to create Diamond Open Market, where you can find fair prices instead of manipulated.
Diamond Open Market is a decentralized commodity exchange to buy, sell and trade any types of diamonds. Your own fair pricing, zero fees, physical delivery and other features.
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