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