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In 1953 the GIA developed its International Diamond Grading System and the "four Cs" (cut, clarity, color, and carat weight) as a standard to compare and evaluate the quality of diamonds. [2] As of 2024, the institute is headquartered in Carlsbad, California, and operates in 13 countries, with 11 campuses, 9 laboratories, and 4 research centers.
International Gemological Institute (IGI) is a gemological organization which certifies diamond, colored stone and jewelry. It was established in 1975 in Belgium. [1] On May 21, 2023, Blackstone Group announced their acquisition of IGI. [2]
The World Diamond Center is home to all of the major diamond mining companies, which discover diamonds for over 1,800 individual diamond dealers across the globe. Other groups that aid in development, protection, and processing of these diamonds include diamond banks, insurance brokers, forwarders, best polishers, and researchers.
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The World Diamond Council is an organization representing the entire diamond value chain including representatives from diamond mining, manufacturing, trading and retail. The council was established in July 2000.
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There are a limited number of commercially available diamond mines currently operating in the world, with the 50 largest mines accounting for approximately 90% of global supply. [1] Diamonds are also mined alluvially over disperse areas, where diamonds have been eroded out of the ground, deposited, and concentrated by water or weather action.
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