Melee or star diamonds is a term used to refer to a group of small diamonds and traces its origins to the French word mêlée which means “mixed”. Melee can range in size from as small as 0.001 to 0.15 carats, measuring approximately 0.6 mm to 3.5 mm in diameter. The majority of the diamonds mined, cut and produced in the world are melee.
Melee diamonds are diamonds that are used in jewellery. They are used in watches, rings, earrings and bracelets as well as other industry tools such as drill bits and glass cutting machines which are generally diamond tipped. Our clients purchase and trade the rough uncut form.
India has been focused on melee production for hundreds of years and in fact India has become a market leader in polishing these diamonds, with some factories employing up to 18,000 staff just to try and meet demand.
In recent years there has been a huge demand for finished product ( cut and polished) from China and India. As these two economies continue to grow, the demand for the rough Melee goods will continue to grow and there is even a fear that the price of rough diamonds will be more than the actual finished product if the current rates of growth continue.
This last happened in 2005 and severe steps has to be taken by industry experts to bring the prices of rough back in line. This means over the long term there is a very real chance the market demand will outstrip supply.
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Registered as a Dubai Free-zone company under UAE Law. EBLN DMCC is licensed to trade precious metals and stones, licensed and regulated by the Dubai Multi Commodities Centre and member of the Dubai Gold Exchange and is also a member of the Dubai Chamber of Commerce. License Number: DMCC – 268227. Registration Number: DMCC78715. VAT registration Number: TRN 100052752100003.