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The diamond market is a subset of the jewelry and watch industry, focusing on the sale of diamonds and diamond-related products. Diamonds are a popular choice for engagement rings, wedding bands, and other special occasions, and are often seen as a symbol of wealth and status. The diamond market is highly competitive, with many different companies offering a variety of products.
Diamonds are graded according to the 4 Cs: cut, color, clarity, and carat weight. Cut is the shape and proportions of the diamond, while color is the hue and saturation of the diamond. Clarity is the number of inclusions in the diamond, and carat weight is the size of the diamond.
The diamond market is also affected by trends in fashion and technology. For example, lab-grown diamonds are becoming increasingly popular due to their lower cost and environmental impact.
Companies in the diamond market include De Beers, Tiffany & Co., Cartier, Harry Winston, and Zales. Show Less Read more