Diamonds symbolise luxury, rarity and enduring value, following a highly structured journey from mining to polished jewellery. Produced mainly in Botswana, Russia and Canada, diamonds are extracted, sorted, cut and graded according to strict quality standards that determine their final price. Beyond the famous “four Cs”, value is also influenced by global demand, consumer confidence and economic cycles. In recent years, ethical sourcing and full traceability have become central issues, particularly in efforts to eliminate conflict diamonds from supply chains. The diamond market combines craftsmanship, emotion, regulation and geopolitics. Read more to discover how the diamond industry truly operates, what determines value beyond aesthetics, and why responsible sourcing is now reshaping this iconic luxury market.