The Billion Dollar Business of Diamonds, From Mining to Retail

Diamonds. For thousands of years, they have been believed to bring good luck (and bad luck!) - health, wealth, and protection against most of the ills that can befall mankind. They are also a billion dollar business, although compared to the gold business, the diamond industry is small. The worldwide retail market for diamond jewelry was $60 billion in 2010. Like the gold business, the diamond business is segmented into several groups: