The diamond trade involves the buying and selling of diamonds, primarily for use in jewelry. This industry includes various stages, from mining and cutting to distribution and retail. Major diamond-producing countries include Russia, Botswana, and Canada, which supply raw diamonds to markets worldwide. The trade is regulated by initiatives like the Kimberley Process, aimed at preventing conflict diamonds from entering the market. Retailers often source diamonds through wholesalers, and prices can vary based on factors such as size, quality, and market demand. The De Beers Group is one of the most well-known companies in this industry.