| Demand for both gem and industrial diamonds | | | | Annual production of natural diamond, at a |
| is very strong. To fulfill this demand these | | | | cost of about US$2 billion, has reached a |
| days Synthetic diamonds are being produced in | | | | total of over 110 million carats per year, |
| sufficient amount, this synthetically | | | | and this production sells for about US$7 |
| produced diamonds are being supplied for | | | | billion, resulting benefit of US$2 billion. |
| industrial uses, but these synthetic gems | | | | Botswana, South Africa and Russia dominate |
| remain inferior and expensive, not suitable | | | | the high quality production mostly handled in |
| for the large jewellery market. The large gem | | | | Antwerp and Tel Aviv, while Australia and |
| market is still dependent on diamonds | | | | Congo are leading suppliers of the low |
| supplied by mining. | | | | quality stones that are cut in India. The |
| | | | two-thirds or so of this annual supply of |
| Demands for Diamond - A Simple Study | | | | rough that is gem quality is reduced to |
| | | | between 20 and 30 million carats of polished |
| Demand for diamond is strong globally. The | | | | goods and sold in jewellery for about US$55 |
| US$0.7 billion per year market for industrial | | | | billion. The one-third of all natural |
| diamond is now almost exclusively supplied by | | | | diamonds used for industrial purposes fetches |
| annual synthetic production of about 1000 | | | | only about 1% of mining revenue. |
| million carats. Gem-quality synthetics remain | | | | |
| inferior and expensive to produce, so the | | | | Diamond Needs in Future |
| diamond jewellery trade is supplied by mining | | | | |
| of natural diamond, derived from kimberlites, | | | | The demand for diamonds is going to increase |
| lamproites, and gravels. | | | | more in future. Both industrial uses as well |
| | | | as use of diamonds as gems in jewellery |
| Diamond Sales and Uses - A Global Scenario | | | | products will increase. So there is strong |
| | | | need of discovery of new sources of diamond |
| Recently the world diamond selling market has | | | | along with new scientific approach of mining |
| achieved record sales, especially in the US | | | | diamonds. |
| where half of all gem diamonds are sold. | | | | |