Samina Diamond Sapphire Fashion Jewelry 27

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The production and distribution of diamonds is largely consolidated in the hands of a few key players, and concentrated in traditional diamond trading centers, the most important being Antwerp, where 80% of all rough diamonds, 50% of all cut diamonds and more than 50% of all rough, cut and industrial diamonds combined are handled.[46] This makes Antwerp a de facto "world diamond capital".[47] Another important diamond center is New York City, where almost 80% of the world's diamonds are sold, including auction sales.[46] The DeBeers company, as the world's largest diamond miner holds a dominant position in the industry, and has done so since

soon after its founding in 1888 by the British imperialist Cecil Rhodes. De Beers owns or controls a significant portion of the world's rough diamond production facilities (mines) and distribution channels for gem-quality diamonds. The Diamond Trading Company (DTC) is a subsidiary of De Beers and markets rough diamonds from De Beers-operated mines. De Beers and its subsidiaries own mines that produce some 40% of annual world diamond production. For most of the 20th century over 80% of the world's rough diamonds passed through De Beers,[48] but by 2001–2009 the figure had decreased to around 45%,[49] and by 2013 the company's market share had further decreased to around 38% in value terms and even less by volume.[50] De Beers sold off the vast majority of its diamond stockpile in the late 1990s – early 2000s[51] and the remainder largely represents working stock (diamonds that are being sorted before sale).[52] This was well documented in the press[53] but remains little known to the general public.

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