Are you thinking about your desired Diamond Size within your budget? Don’t worry, Speedy Diamond is here to help you out. In any industry there need to be companies trading in the several areas associated with that industry. In the diamond industry many companies are found in the chain since it undergoes several stages before it's a finished product. Diamond is considered as a product for the rich and hence many companies in this field earn lucrative profits, though the companies require a huge amount of capital to be in the diamond industry. Some of the companies in this field include; mining companies, cutting and polishing companies, certification companies, auctioning companies, industrial diamond making companies, jewel companies, and marketing companies.
Mining companies: There are several major companies controlling most of the diamonds in the world. De Beers has been the biggest diamond mining company and controls most of the world's rough diamond. It is based in Johannesburg, South Africa and London, England. The Diamond Trading Company is a subsidiary of De Beers which mostly deal with selling of their rough diamonds from the mines. Alrosa is the biggest diamond mining company in Russia and has a significant control of rough diamonds. BHP Billiton is the world's largest mining company and has a significant control of the diamond industry. Others include Rio Tinto Group which controls the Argyle mines in Australia which produce one third of the world's diamond and Petra Diamonds who own several mines in Africa.
Cutting and polishing companies: Cutting of diamonds is limited to traditional cutting centres in Antwerp, Amsterdam, Johannesburg, New York, and Tel Aviv. Most recently there are new centres in China India Thailand Namibia and Botswana. Surat in Gujarat India is the biggest cutting centre for smaller carat diamonds. The Royal Asscher Diamond Company in Amsterdam is one of the oldest cutting companies and is responsible for cutting most of the famous diamonds in the world.
Certification companies: Several grading and certification companies for diamonds include; Gemological Institute of America (GIA), American Gemological Society (AGS), European Gemological Laboratory (EGL). GIA is the most notable and is considered the industry standard, AGS is also very notable for producing the diamond color scale, others are notable in several places and they have since tried to conform with the GIA scales.
Auctioning companies: Most of the diamond is sold in open market, where it is auctioned. Major whole sale diamond companies are called bourses and are found in leading cutting centres they are members of the World Federation of Diamond Bourses. This bourses deal with sale of both rough and cut diamonds. The biggest wholesale centre is in New York. Industrial diamond making companies Industrial diamond is produced through a chemical process. It is mostly used for industrial work for its characteristic of hardness and good electrical conductivity. Mostly used in machine cutting tools this is a big business since machines are always being produced for use.
Jewel companies: Many luxurious good companies have diamond products at their shelves the most notable is the Louis Vuitton Moet Hennessy (LVMH) which is the main retailer of De Beers diamonds in a venture called De Beers Diamond Jewellers. Ltd is one of the largest diamond jewels company. There has also been an increase with other smaller companies that deal with sale and buying of diamond. If you often ask yourself which is the good company to sell my diamond ring ask? Know more, visit www.wpdiamonds.com and you will get the best offer for your piece.
Marketing companies: Diamond marketing has since affected the image of diamond and has increased it sales most notably in areas where no diamond tradition existed. One of the most notable company is the N.W Ayer& Son who did vigorous marketing and revived the American diamond market which is one of the biggest consumer of diamond.