The diamond industry’s total profit pool remained stable in 2013. Diamond jewelry retail claimed the largest share of the industry’s profit pool—slightly less than half. Retailer margins were stable overall but varied significantly among players: from 20–35% for luxury players down to the low single digits for online retailers or smaller shops. Mining accounts for the next-largest share, claiming about a quarter of the total pool, with profit margins of 21–25%. The increase in mining profits is attributable to increased production at most large mines, higher rough-diamond revenue generated by changes in diamond production mix and price, and operational improvements