Diamonds, which are considered one of the world’s most beautiful gemstones, are produced from mines across the globe. The value of the rough diamonds produced on an annual basis is approximately $13 billion in United States currency. African mines produce $8.5 billion of this total figure. While 20%-to-25% of these natural diamonds will become gemstones, 75%-to-85% are used for industrial purposes. Since they are the hardest substance on earth, diamonds are also well-known for their excellent cutting ability. Natural diamonds were formed through extreme heat and pressure inside the earth. However, in recent years, they are being created in labs.…