Documented as early as the 15th century (the practice was recognized among European aristocrats), although gemstones like ruby and sapphire were favored more highly. Representing unwavering love, the diamond is April’s birthstone, and it carries deep symbolic meaning in the realm of gemstones. Various rock deposits contain diamonds in their uncut form, necessitating extraction and cutting to create the brilliant gemstones found in jewelry. Colorless synthetic gemstones that are identical at the molecular level to natural stones can be produced, appearing so similar that only a gemologist equipped with specialized tools can differentiate them. About 80% of the diamonds extracted, which amounts to approximately 135 million carats (27,000 kg) each year, are deemed unsuitable for gem use and are instead utilized in industrial applications.
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Diamonds prepared as gemstones are sold on diamond exchanges called bourses. The most familiar uses of diamonds today are as gemstones used for adornment, and as industrial abrasives for cutting hard materials. Diamonds have been treasured as gemstones since their use as religious icons in ancient India. In bezel settings the diamond or gemstone is completely surrounded by a rim of metal, which can be molded into any shape to accommodate the stone.

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Optical techniques can distinguish between natural diamonds and synthetic diamonds. The gemstone moissanite , silicon carbide, can be treated as a diamond simulant, though more costly to produce than cubic zirconia. Common rocks from the mantle such as basalts, carbonatites, and kimberlites have ratios between −8 and −2.

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The Canadian Government has set up a body known as the Canadian Diamond Code of Conduct to help authenticate Canadian diamonds. Before the use of X-rays became commonplace, the separation was done with grease belts; diamonds have a stronger tendency to stick to grease than the other minerals in the ore. The mining and distribution of natural diamonds are subjects of frequent controversy such as concerns over the sale of blood diamonds or conflict diamonds by African paramilitary groups. With the continuing advances being made in the production of synthetic diamonds, future applications are becoming feasible. Less expensive industrial-grade diamonds (bort) with more flaws and poorer color than gems, are used for such purposes.
Nevertheless (significant advances have been made in recent years), allowing for the production of sizeable synthetic diamonds of gem quality. Over the past fifty years (various methods have been employed to manufacture synthetic diamonds), which have largely fulfilled the growing demand. A significant demand for rough stones has arisen from the gemological and industrial applications of diamonds.
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Currently, this motto is being utilized by De Beers Diamond Jewelers, a jewelry firm that operates as a 50/50 joint venture between the De Beers mining company and LVMH, known for luxury goods. Laser drilling is employed to eliminate remaining non-diamond inclusions, and the resulting voids are subsequently filled. Various enhancement techniques for diamonds, including repolishing, filling cracks, or clever positioning in jewelry, are used to hide these imperfections. For instance, the diamond may be designed for wear or display, whether set in a ring or a necklace, surrounded by other gems or standing alone, taking into account specific colors and shapes.
