Why Are Diamonds Worthless

It s so common that as of 1982 over 100 million women were wearing diamonds in some fashion and millions of additional women packed them away in safe deposit boxes the atlantic reported.

Why are diamonds worthless.

As diamonds flooded the market the financiers of the mines realised they were making their own investments worthless. As diamonds flooded the market the financiers of the mines realized they were making their own investments worthless. Diamonds have more fire than any other gemstone. The consumer and the purchaser are different.

However they also allow dodgy people to move around wealth undetected. You won t think selling diamonds makes a great business opportunity anymore. Diamonds are a great way to move around and or keep wealth many examples of this during the wars. It is true that fancy colored diamonds like yellow or rose pink diamonds are in short supply.

Now back to the reasons why diamonds are actually worthless. Diamonds are intrinsically worthless except for the deep psychological need they fill mental floss vol 7 issue 6 p. The diamond market may have bottomed out were it not for an enterprising individual by the name of cecil rhodes. To you a diamond can be worthless because lets say you cant eat it.

21 diamond engagement rings by rebecca zerzan. But to many people diamonds have had value as something beautiful and sometimes even more than that. Some experts estimate that colorful diamonds will be depleted in a decade. Diamonds are known for their fire or dispersion.

In 1870 enormous deposits of diamonds were discovered in kimberley south africa. People explain away spending thousands of dollars on a little stone because they mistakenly believe that the diamond is a solid investment. As they mined more and more diamonds they became less scarce and their price dropped. Perhaps de beers chairman nicky oppenheimer said it best.

2 diamonds are not an investment they are a retail product like any other. Well all gem quality materials are technically rare because they re natural materials with limited quantities earth that said diamonds are one of the least rare among gemstones. So while a person might have a certain standard if buying for oneself they will defer that standard to the person they re buying it for. However white diamond supply is not really at risk.

50 loss of value while you will save your hard earned earnings to save for that coveted piece of stone often thinking that you are making an investment thanks to this precious rock the truth is that the diamond purchased will lose at least 50 of its value the moment it leaves the jewelers. So my answer is that it s at least partly due to the fact that people don t buy diamonds for themselves. This refers to their ability to separate white light into the colors of the rainbow.