Friday, 4 January 2013

Loose Diamonds

Loose Diamonds Details
Diamonds were traded to both the east and west of India and were recognized by various cultures for their gemological or industrial uses. In his work Naturalis Historia, the Roman writer Pliny the Elder noted diamond's ornamental uses, as well as its usefulness to engravers because of its hardness. It is however highly doubtful that Pliny actually meant diamonds and it is assumed that in fact several different minerals such as corundum, spinel, or even a mixture with magnetite were all referred to by the word "adamas".[note 1]

Today, 92% of the world's diamonds are cut and polished in India, mostly in the city of Surat.[7] Some 85% of the world's rough diamonds, 50% of cut diamonds, and 40% of industrial diamonds are traded in Antwerp, Belgium - the diamond center of the world.[8] Antwerp's association with diamonds began in the late 15th century when a new technique to polish and shape the gems evolved in this city. The diamond cutters of Antwerp are world renowned for their skill. More than 12,000 expert cutters and polishers are at work in the Diamond District, at 380 workshops, serving 1,500 firms and 3,500 brokers and merchants.

In the 21st century, the technology to produce perfect diamonds synthetically was developed. Diamonds produced by the latest technologies are visually identical to mined, naturally-occurring diamonds. It is too early to assess the effect of future wide availability of gem-quality synthetic diamonds on the diamond market, although the traditional diamond industry has taken steps to try to create a distinction between diamonds dug from the ground and diamonds made in a factory, in part by downplaying the fact that diamonds from both sources are actually visually identical.[9]
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