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They are also a multi-billion dollar business, although compared to the gold business, the diamond industry is small.
Some operate on several levels of this "value chain.
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Diamond Pricing: Like goldthe diamond industry has had high expectations for diamond demand, primarily due to the huge emerging middle class in India, China, and Latin America.
Sales have indeed increased dramatically in those regions.
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Diamond Demand: Demand is dictated by macroeconomic trends, or simply put, the state of the consumer.
Prices are affected by economic booms and by recessions, like those in 2001 and 2008-2009.
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What's hot in diamonds right now?
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Diamond Supply: This includes production levels and sales of stockpiles of diamonds.
For example, when Russia and Australia brought large mines onto the market in the 1980s, supplies increased and prices dropped.
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Historically, De Click to see more controlled diamond prices for decades because it had an effective monopoly on global production.
But De Beers sold much of its inventory from 2002 to 2007 and no longer has such a strong grip on the bonus poker video poker />Another aspect that might affect diamond pricing in the future: improved acceptance of synthetic gem quality diamonds.
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Read More: -By CNBC's Bob Pisani CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox, and more info about bonus poker video poker products and services.
Β© 2019 Money and diamonds wallpaper LLC.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
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