It takes billions of years for a diamond to be formed. Found around 100 miles under the surface of the earth, diamonds are formed from the heat and pressure put upon them for 3 billion years which causes the atoms to crystallise and give shape to a diamond.
By the end of 2019 the global diamond industry was an 80 billion dollar industry, which is expected to grow at a CAGR of 3.0% from 2019 to 2030.
Russia has the largest diamond reserve contributing hugely to the diamond industry. Surat, India cuts 85% of all mined diamonds in all the world. Which equates to 60% of the worlds diamond value.
Like the 9 jewels of Akbar there are 9 countries, having bulk diamond mining: Russia, Canada, Angola, Australia, Botswana, DRC, Lesotho, Namibia, and South Africa namely .
If we talk about London’s diamond market then it’s Hatton Garden which is the centre of London’s jewellery industry. The London Diamond Bourse – the London based diamond exchange trading for over 80 years now is itself located in Hatton Garden. This is the oldest diamond exchange in the world.
What is the significance the London diamond bourse?
The London Diamond Bourse is not just a place where diamonds are exchanged but it’s a place of high moral standards, ethics and integrity, bound by a strong code of conduct, and principals of mutual trust.
Buying diamonds from a member of London Diamond Bourse is itself and indication that you are purchasing it from a trusted source, from someone who is not just accountable to you but also to the industry at large. All the members of the bourse are regulated.
It’s a privilege to be a part of this bourse for many years now. With time I have understood the value and importance that the Bourse carries. I have to abide by the rules and regulations of this organisation, and give the best of the best to all my customers.