Thursday, November 10, 2022

Why Are Diamonds So Expensive?

 


Diamonds are getting expensive day by day, and the higher the quality and the larger the size, the more expensive the diamond. A fun fact is that only 30% of the mined diamond stones match the required gem quality. Whatever be it, for an average working woman, a diamond necklace price is a dream.

Why are diamonds so expensive?

It is generally said that diamonds are rare, so they are expensive. But that's not true, the rigorous diamond-making process over billions of years makes it expensive.

The truth is Diamonds are not rare, but they are a unique gemstone in that they are naturally un-retrievable by man. This adds to their value. 

Diamonds are expensive because they cost a lot to bring to market, there's a limited supply of fine quality gems, and people around the world want to buy them. It's simply supplied and demanded. Specific diamond shapes, colors, and size options are indeed rarer. 


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