Diamonds

Diamond is one of the two best known forms (or allotropes) of carbon, whose hardness and high dispersion of light make it useful for industrial applications and jewelry (the other equally well known allotrope is graphite). more...

Diamonds are specifically renowned as a mineral with superlative physical qualities - they make excellent abrasives because they can only be scratched by other diamonds, which also means they hold a polish extremely well and retain luster. About 130 million carats (26,000 kg) are mined annually, with a total value of nearly USD $9 billion.

The name "diamond" derives from the ancient Greek adamas (αδάμας; "impossible to tame"). They have been treasured as gems since their use as religious icons in India at least 2,500 years ago—and usage in drill bits and engraving tools also dates to early human history. Popularity of diamonds has risen since the 19th century because of improved cutting and polishing techniques, and they are commonly judged by the "four Cs": carat, clarity, color, and cut. Although nearly four times the mass of natural diamonds are produced as synthetic diamond each year, the vast majority of synthetic diamond production remains small, imperfect diamonds suitable only for industrial-grade use, with gem-quality synthetic diamonds only recently becoming available.

Most natural diamonds originate from central and southern Africa, although significant sources of the mineral have been discovered in Canada, Russia, Brazil, and Australia. They are generally mined from volcanic pipes, which are deep in the Earth where the high pressure and temperature enables the formation of the crystals. The mining and distribution of natural diamonds are subjects of frequent controversy—such as with concerns over the sale of conflict diamonds by African paramilitary groups. There are also allegations that the De Beers Group misuses its dominance in the industry to control supply and manipulate price via monopolistic practices.

Read more at Wikipedia.org