From The New York Times, via The International Herald Tribune:
India excels at polishing diamonds as tiny as a hundredth of a carat. Masters of this craft in Antwerp, Belgium, and in Tel Aviv excel at handling diamonds of a carat or more.
But pushing into the broad middle as the newest diamond power is China, a nation long enamored of jade that has ignored diamonds for much of its more than 55 years of Communist rule.