The diamond market refers to the global industry involved in the mining, trading, and selling of diamonds. This market includes various players, such as miners, wholesalers, retailers, and consumers. The value of diamonds is influenced by factors like quality, size, and rarity, with the most sought-after stones being those that are colorless and have few inclusions. In recent years, the diamond market has seen changes due to the rise of lab-grown diamonds, which offer a more affordable and ethically sourced alternative to natural diamonds. Additionally, consumer preferences are shifting, with more buyers considering sustainability and transparency in their purchasing decisions.