Diamond mining industry encompasses the entire activities from extracting diamonds from mines to trading. Diamonds are extracted by the process of pipe or alluvial mining. Out of all the extracted diamonds, very few are of gem quality. Most of the extracted diamonds are not of the category of industrial standard.
Diamond mining industry activities
Diamond mining industry comprise of activities like extraction of diamond, mining and cutting, valuing diamonds, and investment of diamond. The extraction of diamond are normally done with the two widely accepted processes like pipe and alluvial mining. Some other activities of diamond mining industry include diamond cutting and polishing.
- Economical aspect of diamond: Diamond can be used as investment purpose, but unlike gold, it doesn't contain that much of value in business context. Diamonds are basically used for jewelery purposes.
- Occupation in diamond mining industry: The diamond mining industry involves different kinds of workers engaged in fields like extraction, production, cutting, polishing etc.
- Mining occupations: Most of the diamond mining industry jobs are based on fields like extraction, cutting and polishing. Every job types demands the technical ability of the workers, specifically in the field of cutting and polishing of diamonds.
- Business aspect of diamond mining industry: The diamond business or diamond trading is based on some specific attributes of diamond, which is commonly known as the 4C's. The four 'C's are cutting of diamond, color of diamond, clarity and carat weight of diamond. The carat weight determines the size of the diamond. The price of diamond is directly linked with these four properties of diamond.
Diamond mining industry also deals with some technical educational programmes, which are based on activities like learning skills on the job, operating of related machineries, etc. The industry also organize some programmes which are basically designed to save miners from mining activities like extraction, transportation etc.