The Fascinating World of Diamond Trading

💎Diamonds come in various colors: from white to yellow, with intense yellow stones being more valuable than white ones.

💰The value of a diamond can range from $80,000 to $100,000 per carat, making large stones incredibly valuable.

🌍Antwerp is the diamond capital of the world, with 70% of rough diamonds and $12 billion in trade.

🔬Diamond cutting has become more technical, with the use of 3D machines and software for precision cutting.

👨‍👩‍👧‍👦Family plays a significant role in the diamond industry, with multiple generations involved in the business.

What determines the value of a diamond?

—The value of a diamond is determined by factors such as its color, clarity, cut, and carat weight.

Are yellow diamonds less valuable than white diamonds?

—While yellow diamonds typically lose value, intense yellow stones can be more valuable than white ones.

Where is the diamond market located?

—The diamond market is located in various places, with Antwerp and Mumbai being major hubs.

How has diamond cutting evolved?

—Diamond cutting has become more technical, with the use of advanced machinery and software for precision cutting.

What role does family play in the diamond industry?

—Family plays a significant role in the diamond industry, with multiple generations often involved in the business.

00:05The value of diamonds can range from $80,000 to $100,000 per carat.

01:46Antwerp is known as the diamond capital of the world, with 70% of rough diamonds and $12 billion in trade.

05:19Diamond cutting has become more technical with the use of 3D machines and software.

09:23Family plays a significant role in the diamond industry, with multiple generations involved in the business.

17:20In India, the mass market for diamonds is driven by cultural factors such as engagements and weddings.