The export of diamonds has increased rapidly in recent times japan.
The export of diamonds reaches a record high every year.
However, diamonds are not produced in Japan.
Most diamonds exported from Japan are reprocessed diamonds.
Japan bought up diamonds from all over the world during the bubble economy period.
In 1990, Japan bought 30% of jewels worldwide.
Diamonds which were bought from all over the world during the bubble economy period were big and very transparent. They were mostly extremely valuable diamonds.
In Japan, this kind of diamond is called the sleeping inheritance from the bubble.
Made in japan: The Reason why the Transaction Price of Diamonds is High
As for the value of the diamond, its price is decided only in the value of the loose diamond.
Loose diamonds mean rough diamonds.
A diamond ring and necklace in a chest was turned into loose diamonds. The gold and platinum was torn off.
The loose diamond is reprocessed into a new design and circulates the global market.
Two values raise a transaction price in this circulation process.
1. The diamonds were large and very transparent
2. Japan has a very high technique to reprocess loose diamonds.
Polishing skills for a big and transparent diamond for ornamental jewelry is very high.
It is known among people related with diamonds of the world.
The diamond buyers in the world have gained a big profit by reprocessing high quality and high valued diamonds in Japan.
On the other hand, low valued diamonds are reprocessed at home and gain a small profit.
Diamond buyers sell diamonds to consumers and gain profits in such a business model.
For that reason, diamond buyers worldwide try to buy diamonds with high profits made in Japan
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