The earliest diamonds were found in India in 4th century BC, although the youngest of these deposits were formed 900 million years ago. A majority of these early stones were transported along the network of trade routes that connected India and China, commonly known as the Silk Road. At the time of their discovery, diamonds were valued because of their strength and brilliance, and for their ability to refract light and engrave metal. Diamonds were worn as adornments, used as cutting tools, served as a talisman to ward off evil, and were believed to provide protection in battle. In the Dark Ages, diamonds were also used as a medical aid and were thought to cure illness and heal wounds when ingested.
Until the 18th century, India was thought to be the only source of diamonds. When the Indian diamond mines were depleted, the quest for alternate sources began. Although a small deposit was found in Brazil in 1725, the supply was not enough to meet world demands. ( Source:
The story of the modern diamond market really begins on the African continent, with the 1866 discovery of diamonds in Kimberley, South Africa. Entrepreneur Cecil Rhodes established De Beers Consolidated Mines Limited 22 years later, in 1888. By 1900, De Beers, controlled an estimated 90 percent of the world’s production of rough diamonds.
A diamond has to go through a lot before it reaches the jeweler’s display case.
Surprisingly, diamonds share some common characteristics with coal. Both are composed of the most common substance on earth: carbon. What makes diamonds different from coal is the way the carbon atoms are arranged and how the carbon is formed. Diamonds are created when carbon is subjected to the extremely high pressures and temperatures found at the earth’s lithosphere, which lies approximately 90-240 miles below the earth’s surface.

Gem diamonds are commonly judged by the four C’s: Carat, Clarity, Color and Cut.

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