Even from the very beginning, the diamond industry was started under dubious moral conditions…

With the creation of industrial mines, came the creation of the diamond trading markets. Although it’s changed quite a bit, these original markets have influenced how the industry works to this very day…

To recover from the financial and global devastation of the Great Depression and WW2, the diamond industry had to reinvent its image and relevance to stay alive.

During the multiple conflicts in 20th-century Africa, diamonds were used as a currency to buy weapons and military supplies. Civilians were forced at gunpoint to mine for diamonds; a situation that eventually coined the infamous term, Blood Diamonds.

In the old days, the diamond industry was centered and controlled within Europe. However, with the advent of globalism and its economic consequences, much of the industry has been dispersed worldwide, giving rise to new industry giants.

The internet has revolutionized luxury shopping. While this trend started with fashion, shopping for diamonds on the internet has become a possibility.

Corporate sustainability and ethics carry a lot of weight with the younger population, especially with Gen Z. Especially with the war in Ukraine, this has become especially relevant for the diamond industry.

This post talks all about lab diamonds, what they are, and what the possible market implications could be.