Diamond trading begins with the rough sorting of diamonds in the diamond exchanges. After this sorting starts the largest and by far the most important step which is the wholesale marketing of a diamond.
Diamonds go through the hands of many wholesale traders before reaching the retail outlets, for me and you to buy it. Hence diamond wholesalers marketing largely influences the price, quality and quantity of retail diamonds that reach the international markets.
Though diamond traders play an important role in diamond trading they are largely controlled by diamond exchanges. Since diamond exchanges are large and powerful, they enjoy a monopoly in the diamond industry.
