West Asian And The Middle East Commodity Market

Anbar Asia

The role of diamond in the jewelry industry in the western Asia ansd Middle East - Diamonds in Western Asia: Symbols, Traditions, and Value

Iranian scientists such as Abu Rihan al-Biruni and Abu Ali Sina have studied this mineral in the Islamic period; the ancient Iranians did not pay much attention to diamonds due to the lack of mines in Iran or nearby lands

Diamond is one of the most precious stones in the Middle East and has a very high value
Diamond is one of the most precious stones in the Middle East and has a very high value

Diamonds have deep cultural significance in the Middle east and Western Asia. They are often associated with luxury, prestige, and social status. Diamonds are highly valued as a symbol of wealth and success, and they are frequently incorporated into various forms of jewelry, including rings, necklaces, earrings, and bracelets. Diamonds hold special significance in the context of weddings and engagements. The tradition of Diamond engagement rings, popularized by the De Beers marketing campaign in the mid-20th century, has been embraced in many parts of Western asia and the Middle East. Diamond engagement rings are commonly exchanged during marriage proposals, symbolizing love, commitment, and the promise of a lifelong partnership.

The Jewelry industry in Western Asia and the Middle East showcases a wide range of both traditional and contemporary diamond jewelry designs. Traditional designs often feature intricate craftsmanship, detailed filigree work, and a blend of diamonds with other gemstones, such as rubies, emeralds, or sapphires. Contemporary designs incorporate modern styles, such as sleek and minimalist designs, as well as innovative settings and diamond cuts. The region is home to several major diamond trading hubs and centers. Dubai, in the United Arab Emirates, serves as a prominent diamond trading and manufacturing hub. The Dubai Diamond Exchange (DDE) plays a significant role in facilitating diamond trade and attracting international diamond businesses. Other cities such as Antwerp (Belgium) and Israel are also important players in the diamond trade industry and have strong connections to the Middle East.

The hardest mineral belongs to diamond. There are different colors of diamonds, the most famous of which are white and blue. Diamond is one of the most precious Gemstones in the Middle East and has a very high value. The high value of a diamond is due to its high hardness, shiny luster, and high dispersion. Also, it is completely insoluble in acids and bases and reduces the clarity of diamonds by cracking, breaking, scratching, and cracking. Diamonds are usually formed at a depth of 100-200 km below the ground and a temperature of about 900-1300 ° C and a pressure between 45-60 kbar. Diamonds are mined in Siberia, Australia, Botswana, Brazil, India, and Russia. In Iran, ophiolite belts are among the areas prone to diamond exploration. In pre-Islamic Iran, not much attention was paid to diamonds. Iranian scientists such as Abu Rihan al-Biruni and Abu Ali Sina have studied this mineral in the Islamic period; the ancient Iranians did not pay much attention to diamonds due to the lack of mines in Iran or nearby lands.

Due to the value and importance of diamonds in the region, diamond grading and certification are crucial. Reputable diamond grading laboratories such as the Gemological Institute of America (GIA) provide certification services to assess the quality, authenticity, and characteristics of diamonds. These certifications offer assurance and transparency to both buyers and sellers, ensuring confidence in the quality and value of the diamonds being traded. Diamonds are often considered a form of investment and wealth preservation in Western Asia and the Middle East. They are viewed as a tangible asset that can appreciate over time and provide a store of value. High-quality diamonds, especially rare and large stones, are sought after as investment-grade assets and can be traded within the region's diamond markets.

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