Documented since the 15th century among European nobility, the practice indicates that ruby and sapphire were preferred over other gemstones. In gemstone symbolism, steadfast love is represented by the diamond, which serves as the birthstone for those born in April. Various rock deposits contain uncut diamonds; to create the brilliant gemstones used in jewelry, these must be mined and cut. Synthetic gemstones can be produced without color (and on a molecular level), they are identical to natural stones, making them so visually close that only specialized gemologists with specific equipment can differentiate them. Approximately 135 million carats , 27,000 kg, or 80% of diamonds extracted from mines are unsuitable for gemstone use and are instead utilized for industrial purposes.
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Disposed on diamond exchanges known as bourses, diamonds that are processed as gemstones can be sold.
Currently — diamonds are most commonly utilized as gemstones for decoration and as industrial abrasives for cutting tough materials. Since ancient times in India, diamonds have been revered as gemstones, originally serving as religious symbols. In bezel settings (a diamond or gemstone is entirely encircled by a metal rim), which can be shaped in any way to fit the stone.
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Optical techniques can distinguish between natural diamonds and synthetic diamonds. The gemstone moissanite , silicon carbide, can be treated as a diamond simulant, though more costly to produce than cubic zirconia. Common rocks from the mantle such as basalts, carbonatites, and kimberlites have ratios between −8 and −2.
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The Canadian Government has set up a body known as the Canadian Diamond Code of Conduct to help authenticate Canadian diamonds. Before the use of X-rays became commonplace, the separation was done with grease belts; diamonds have a stronger tendency to stick to grease than the other minerals in the ore. The mining and distribution of natural diamonds are subjects of frequent controversy such as concerns over the sale of blood diamonds or conflict diamonds by African paramilitary groups. With the continuing advances being made in the production of synthetic diamonds, future applications are becoming feasible. Less expensive industrial-grade diamonds (bort) with more flaws and poorer color than gems, are used for such purposes.
However, in recent years it has become possible to produce gem-quality synthetic diamonds of significant size. This demand has been satisfied in large part by synthetic diamonds, which have been manufactured by various processes for more than half a century. The gemological and industrial uses of diamond have created a large demand for rough stones.
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This slogan is now being used by De Beers Diamond Jewelers — a jewelry firm which is a 50/50% joint venture between the De Beers mining company and LVMH, the luxury goods conglomerate. Remaining non-diamond inclusions are removed through laser drilling and filling of the voids produced. Those flaws are concealed through various diamond enhancement techniques (such as repolishing), crack filling, or clever arrangement of the stone in the jewelry. For example (the diamond might be intended for display or for wear), in a ring or a necklace, singled or surrounded by other gems of certain color and shape.

