Diamond, which is also known as diamond cubic is a crystal form of arrangement of atoms. It is a solid structure of carbon elements. Due to its grouping of atoms and composition, it is highly rigid.
Owing to their toughness and great thermal viscosity, they are employed in various industrial uses such as cutting and polishing tools. It is generally found in the three types of deposits such as alluvial gravels, glacial tills, and kimberlite pipes.
They vary from colourless to black in colour and generally appear either transparent, translucent, or opaque. The specific gravity of the diamond of 3.52±0.01 and its refractive index is 2.418 (at 500 nm). Its density ranges from 3.5–3.53 g/cm33500–3530 kg/m3.
Russia, Botswana, Canada, and South Africa are the leading diamond-producing countries.
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Key Details About the Diamond Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diamond price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The diamond price trend, chart, including India diamond price, USA diamond price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting diamond Price Trend:
Although diamonds are most commonly used as stones in jewellery, they also have a number of industrial uses.
They are incredibly effective at drilling, cutting, and polishing due to their strength and hardness. Diamond saws and drills are used in a number of industries, including automotive, mining, and military.
Drill bits and saw borders are strengthened for cutting hard items by adding tiny diamond particles or dust. Diamond windows are made from very thin diamond membranes, which are used to seal off openings in vacuum chambers, x-ray machines and lasers.
Speakers are made of diamonds. There are more applications for diamonds in the physics, aerospace, defence, and energy R&D fields.
Key Players:
- De Beers Group (Anglo American)
- Applied Diamond Inc
- Industrial Diamond Laboratories, Inc
- Lucara Diamond Corp. (Lundin Group of Companies)
- Petra Diamonds Limited
- Gem Diamonds
Recent Development:
- 19 February 2023: In order to conduct joint research on feasibility studies for the production of fused magnesia from kimberlite tailings, the National Mineral Development Corporation (NMDC) and the Institute of Minerals and Materials Technology (IMMT), Bhubaneswar, signed an agreement. Kimberlite tailings are waste products that remain after the source rock has been mined for diamonds. The substance, which falls under the category of soft aggregate, has particles that range in size from 20 mm to 75 micrometres. Major components include silica, alumina, iron oxide, and magnesium.
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