The many uses of the diamond

The saying goes, ‘Diamonds are a girl’s best friend’. This could indeed be true as this beautiful stone has enchanted people since ages past. Its sheer beauty and luster reminds one of something that is pure and ever so regal. Being able to sport a diamond signifies class, status and good taste and can make someone the envy of everyone around them. Daimonds can be worn with any kind of metal may it be platinum, white gold, gold or silver jewelry (In Danish sølv smykker)

The diamond industry is a thriving one, evidence of its importance in the world. It is estimated that around $13 billion worth of rough diamonds are produced each year in the world, and the industry employs around 10 million people. In fact, the business is so huge that it has grown three-fold in the past 25 years, exceeding $72 billion every year. Of course, its negative side includes profiting from blood diamonds (those mind in conflict zones around the world) which is used to fund militia groups and terrorism. However, this has not dimmed the demand for this ancient stone.

Diamond jewelry, in particular, is especially sought after. Ask anyone what type of jewelry they like and almost all will say diamond jewelry. From necklaces to earrings and bracelets to finger rings (In Danish diamondring) diamonds can spruce up your appearance in an instant. At the moment, the latest in diamond jewelry trends include vintage and retro looks, eclectic and chandelier earrings. Fashion magazines are the best place to look for design ideas and trends.

Aside from the jewelry aspect, diamonds are also used for industrial purposes. Diamond-tipped drill bits and saws, thermal conductivity, surgical equipment and its use in labs make it an essential mineral. In fact, 80 percent of diamonds found unsuitable for gem-making are used for industrial purposes.

Diamonds are a good investment in terms of monetary returns. As natural diamonds take millions of years to form, they’re not exactly a renewable mineral. So, as the demand for this precious stone soars coupled with the limited availability, its value too keeps increasing, the same as with rare metals like gold. As for the economy, they contribute significantly to the countries they’re produced in. For instance, 33 percent of Botswana’s GDP is owed to the diamond industry, which is $3.3 billion.