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Mined Diamonds


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Why are diamonds so valuable?

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People pay thousands, and hundreds of thousands of dollars for diamonds. Why?

Rarity, Scarcity, Brilliance and Beauty

The effort and investment to get just one diamond out of the ground and onto the finger of a happy fiancée is enormous. Each diamond passes through many hands.

  • It is mined from the ground in an expensive and often dangerous process

  • The mining company sells the diamond to a gem trader.

  • The trader transports it to one of the diamond-cutting centers of the world, such as Antwerp, Tel Aviv or Mumbai.

  • Highly skilled cutters apply their expertise to cut and polish the diamond into an exquisite gem.

  • The cutter sells the finished diamond to a wholesaler.

  • The wholesaler markets it to a jewelry maker, who creates an elegant piece of fine jewelry.

  • The artisan sells the finished jewelry piece to a retailer.

  • The jewelry store sells the diamond ring to an excited would-be fiancée.

Mined diamonds aren’t forever

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Since the 1400s, when diamonds were becoming a highly desired fashion accessory for Europe’s aristocrats, the value of these gems has steadily increased. When vast new mines opened during the 19th and 20th centuries, the demand for these precious gems grew.

However, while some of the earliest diamonds were gathered from rivers and streams in India, most of today’s diamonds are mined from deep in the earth. And these sources are drying up.

Consider this:

  • Most diamond mines are past peak production levels

  • Deeper, more expensive, more dangerous mining is required to locate the remaining diamonds

  • Budgets for mine exploration have been reduced and few new mines are expected to open

  • Mined diamond production has fallen by more than 25% in less than 10 years

Mined diamonds won’t keep pace with demand over the next 30 to 40 years:

70m

Mined diamond production is expected to decrease by more than 70 million carats per year

300m

Demand for diamonds is expected to grow to 250-300 million carats per year

25m

Only 25 to 50 million carats of mined diamonds are expected to be available

Lab-grown diamonds or mined diamonds for you?

Lab-grown diamonds have the same scintillation, sparkle, gleam and life as mined diamonds and provide an exceptional alternative. Consumers of gems or industrial diamonds can get a larger or higher quality diamond for the same price or identical properties for a lower price.

For gem consumers, who feel that mined diamonds are inconsistent with their personal values, lab-grown diamonds provide a conflict-free and environmentally friendly replacement to mined diamonds.

For industrial buyers, who need quality materials with consistency at scale, lab-grown diamonds can provide identical products time after time…unlike mined materials.

The consistency that lab-grown diamonds provide to industrial buyers is also very important for jewelry pieces with multiple stones.

Mined diamonds through time

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