The World Diamond Council reports that the diamond industry is rapidly growing, employing approximately 10 million people and exceeding more than $72 billion in sales each year. While consumers continue to purchase these stones, most don't know about how they reach the retail market. Gemologist Sarina Mennasemay shares her insight on how diamonds journey from the earth to the mass market.
2. How Diamonds Reach
Consumers
The World Diamond Council reports that the
diamond industry is rapidly growing, employing
approximately 10 million people and exceeding
more than $72 billion in sales each year. While
consumers continue to purchase these stones,
most don't know about how they reach the retail
market. Gemologist Sarina Mennasemay shares
her insight on how diamonds journey from the
earth to the mass market.
3. How Diamonds Reach
Consumers
Question #1: Where are diamonds formed?
S. Mennasemay: Due to extreme pressure and heat, diamonds began to form deep
within the earth 3.3 billion years ago. They are the hardest natural material man has
ever known, and resist most alkalis and acids.
Question #2: How are diamonds brought to market?
S. Mennasemay: Diamonds are brought to consumers through a process known as
the diamond pipeline. The pipeline consists of several stages, including exploration,
mining, sorting, cutting and polishing, and jewelry manufacturing, before the
diamonds finally hit the retail market.
Question #3: How can consumers ensure that the diamonds they purchase come
from a legitimate source?
S. Mennasemay: The diamond industry has established a certification system known
as the Kimberley Process, where consumers can rest assured that diamonds entering
the supply chain with certificates issued by the government are ones that come from
conflict-free areas. To date, 74 countries worldwide employ the Kimberley Process.
4. How Diamonds Reach
Consumers
Sarina Mennasemay is a graduate of the
Gemological Institute of America. She is
owner and designer at New York-based
Truffle Jewelry.