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Some info on diamonds:
Formed deep within the earth where there is intense heat and pressure, Diamonds are simply crystallized carbon. Volcanic activity of centuries ago brought these gemstones to the earth's surface, where they are found either within volcanic rock formations or washed out into rivers. India is thought to be the first river-bed source of Diamond mining, but today these gemstones are found primarily in Australia, the Soviet Union, and Africa.
No more notable it its uncut state than a plain pebble upon the beach, the true beauty of the Diamond was not revealed until the 16th century, when gemstone cutting and polishing techniques were perfected. Prior to this time, it was considered taboo to modify the original state of a Diamond. Today, the value and appeal of this stone depends largely upon how skillfully it is cut and faceted.