From Mine to Market: The Journey of Sri Lankan Diamonds with Wigmore Trading

The world of diamonds has always been shrouded in mystique and glamour, captivating the hearts of many with its exquisite beauty. But have you ever wondered about the fascinating journey these precious gems take before they find their way into your jewelry box? Join us as we embark on an enchanting adventure from mine to market, unravelling the secrets behind Sri Lankan diamonds, guided by none other than Wigmore Trading – a renowned name that has revolutionized the industry. Get ready to be mesmerized by tales of exploration, craftsmanship, and unparalleled elegance as we delve into the captivating story behind these exceptional gemstones.

How does Wigmore Trading work?

Wigmore Trading is a world-renowned diamond trading company, with over 100 years of experience. The company has an extensive network of contacts in the diamond industry, and is able to source rare and unique diamonds for its clients.

Diamonds are bought and sold on the open market, and Wigmore Trading is able to provide its clients with a competitive edge by sourcing diamonds from the best sources. The company’s experienced traders are able to negotiate the best prices for their clients, ensuring that they get the most value for their money.

The process of buying or selling diamonds can be complex, and Wigmore Trading’s team of experts is available to help guide you through the process. They understand the importance of customer satisfaction, which is why they take pride in providing a quality service.

If you’re interested in buying or selling diamonds, contact Wigmore Trading today – they will be happy to help you find the perfect diamond for your needs.

What are the benefits of working with Wigmore Trading?

Working with Wigmore Trading is a great way to get access to high-quality diamonds and other precious stones. Here are some of the benefits of working with this company:

1. Wigmore Trading gets diamonds and other precious stones to market quickly and efficiently.

2. The company has a strong reputation for quality products and services.

3. Members of the Wigmore Trading team are experienced in the diamond industry, which makes them knowledgeable about trends and developments in the market.

4. The company offers a variety of services, including design, sourcing, sale, and delivery. This allows you to choose what works best for your business needs.

Diamonds: What are they and where do they come from?

Diamonds are the hardest and most expensive material on Earth. They come from the Earth’s interior, where they are found in small deposits at high altitudes. Diamonds are dug out of the ground using heavy machinery and then cut into smaller stones. The largest diamond ever found was 3,106 carats! Diamonds are then graded according to their size and quality. The best diamonds are called “pure” diamonds and can cost up to $2 million per carat!

The Diamond Industry in Sri Lanka

Diamonds have been mined in Sri Lanka for centuries. The country is home to the world’s largest uncut diamond mine, the Gampaha District Diamond Field, which has an estimated reserve of 26 million carats. The industry is currently dominated by two major players, De Beers and Rio Tinto.

De Beers operates the Welikala Diamond Mine, which has an estimated reserve of 12.5 million carats. The company has a 51% stake in the mine while Rio Tinto owns the remaining 49%. Welikala accounts for around 60% of Sri Lanka’s diamonds production.

The Gampaha District Diamond Field is Sri Lanka’s second largest producer of diamonds with an estimated reserve of 10.8 million carats. Anglo American Corporation (AAC) operates the field alongside De Beers and Rio Tinto. AAC has a 61% stake in the mine while De Beers and Rio Tinto each hold 39%.

Sri Lanka is also home to smaller diamond mines operated by Amalgamated Diamond Corporation (ACC), Dominion Diamond Corporation (DDC), Island Diamonds Ltd., Karunanidhi Brothers Holdings Ltd., Novagold Resources Ltd., Premier Gold Mines Ltd., Randgold Resources Ltd., and Tiger Hills Mining Co.

The Process of Buying and Selling Diamonds

Diamonds are one of the most popular and valuable commodities in the world. They are rare, durable, and have a long history of being symbols of love and commitment. The process of buying diamonds and selling them is complex, but it can be broken down into four steps: finding a mine, producing diamonds, marketing the diamonds, and finally, selling them to buyers.

The first step in the diamond buying process is finding a diamond mine. Diamond mines vary in size from small operations that produce 1-2 carats per month to large mines that can produce millions of carats per year. The best way to find a diamond mine is to contact a mining company or mining consultant.

Mining companies typically conduct an environmental impact study before starting mining operations. This study looks at things like the area needed for mining operations, the type of equipment needed, how much water will be used, and how much electricity will be needed. Once the mining company has determined that they can operate without harming the environment, they start digging holes in the ground looking for diamonds.

Once a mine has been found, production begins. Production rates vary based on the size of the mine and how deep it is dug. Large mines can produce 10-20 carats per day while small mines may only produce 1-2 carats per day. Diamond production is usually limited by how much money miners can make from selling their diamonds rather than by how many diamonds they can find.

Sri Lankan Diamonds: Properties and Characteristics

Sri Lankan diamonds are some of the highest quality gems in the world. They have a very pure and lustrous appearance, with a deep blue hue. They are also very durable, which makes them a popular choice for jewelry and other decorative purposes.

There are several properties that make Sri Lankan diamonds unique. For one, their color is exceptionally deep and consistent. This means that they will not change color over time, which is a common issue with other types of diamond jewelry. Additionally, Sri Lankan diamonds are exceptionally hard – even compared to other Type II stones – meaning they can withstand more wear than most other diamonds without becoming damaged or flawed.

Sri Lankan diamonds also have a high fire rating, meaning they can withstand high temperatures without faltering. This is important because many diamond cutting and polishing processes involve using high temperatures to smooth out the edges of the gemstones.

All of these qualities make Sri Lankan diamonds an excellent choice for both luxury jewelery and everyday wear. They are also a relatively affordable option, making them a good choice for those on a budget as well as those seeking the highest quality materials available.

Conclusion

The diamonds mined in Sri Lanka are some of the most impressive and coveted gems on the market. The journey from mine to market is a long and arduous one, fraught with risks and challenges. Wigmore Trading is proud to have played a significant role in this process, helping to bring these remarkable jewels to light and ensuring that they reach their rightful owners. We hope that our story has shown you just how important it is to partner with reputable dealers like Wigmore Trading when shopping for diamonds, and we thank you for taking the time to read it.