When you want to buy a polished diamond, you can do it in a few different ways. You can go to a jeweller to choose your diamond and have it set, or you can now use Woodeex to get direct access to the worldwide
diamond exchanges, which are the source of the polished diamond supply chain. So, people have access to a wide range of certified diamonds that have been chosen for their ethical origins. They also benefit from the prices at the source, without the markups of the different middlemen. The Woodeex online platform gives you direct access to diamantaires and their stocks from the world's largest diamond exchanges before they go to retail jewellers...
THE DIAMOND MARKET... WHERE EVERYTHING BEGINS?Only a few big mines in Africa, Russia, and Australia make up the rest of the world's diamond mining and extraction. Most of the stones that are taken out, about 90%, are used as industrial diamonds. These diamonds are mostly used as abrasives in drilling, cutting, grinding, and polishing materials for industries like oil, cars, and weapons. The other 10% of the world's best gem-quality stones are sent to different markets around the world.
From the mines that pull the diamonds out of the ground, the
diamond exchanges is the first step in making diamonds available for sale. It is the beginning of this amazing industry. The
diamond exchanges are places where diamantaires from all over the world can sell a wide range of diamonds. To get in, they must meet very strict criteria.
HOW DOES THE DIAMOND EXCHANGE WORK?The
diamond exchange is only for professional diamond dealers and has very strict rules about trading and how it works.
It not only has its own rules, but it also has its own court system to settle any disagreements between diamantaires who are members. So, it seems like the diamond exchange is a place of choice, a guarantee of trust, safety, know-how, and high standards, a place where diamantaires, brokers, and manufacturers meet and trade, but where the average person has no place. There are very strict rules about who can be a diamond trader and get access to the diamond exchange.