Diamonds are expensive but why?

What are Diamonds? Why are Diamonds Expensive?

What defines diamonds and what makes them so valuable?

What attributes contribute to the high value of diamonds?

Why are diamonds favored above other gemstones? When assessing the value of a diamond, it's essential to consider its context and determine the key factors that contribute to its premium pricing.

MYTH #1: Diamonds are Expensive to be Scarce

There's a common misconception that diamonds are expensive solely because they are believed to be scarce. Contrary to the popular belief, diamonds are not scarce.

In reality, diamonds are abundantly found on Earth, unlike the perception that they are scarce. There are numerous other gemstones that are genuinely rare, such as  alexandrite and Grandidierite.

The value of gemstones usually correlates with their rarity. The scarcer a gemstone is, the higher its price tends to be. Additionally, the cleanliness of a gemstone is a significant factor in its rarity. For example, flawless sapphires, emeralds and rubies are considered rare finds.

MYTH #2: The price tag of a diamond hinges solely on its size.

In contrast to this misconception, the value of a diamond is shaped by multiple factors, often referred to as the "Four Cs": color, cut, clarity, and carat weight. While the dimensions and weight of a diamond do contribute to its overall value, they represent just one facet of the equation. Other crucial elements such as color, cut, and clarity exert significant influence on a diamond's appraisal.

For instance, even if a diamond boasts substantial size, a lack of clarity will hinder its ability to command a premium price. Clarity plays a pivotal role in determining value. Furthermore, the diamond's cut and color also contribute significantly to its market worth.

Other Common Misunderstandings Regarding Diamonds

A prevalent misconception is that all diamonds are white. There is a widespread belief that diamonds naturally emit a brilliant white hue, yet this is not consistently the case. Diamonds actually present a wide spectrum of colors, encompassing shades like yellow, pink, and numerous others.

Moreover, every element of a diamond stems from nature. While numerous diamonds are naturally occurring, some are cultivated in laboratory settings. These lab-grown diamonds are available for purchase at a discounted rate of 35 percent compared to mined diamonds.

Furthermore, the size of a diamond is determined by its carat weight. A diamond's dimensions are typically measured by its length and width in millimeters.

The Importance of Diamonds in Contrast to Other Gemstones

Diamonds occupy a unique and esteemed position as the most mesmerizing of all gemstones, universally recognized as a singular gift from the natural world to humanity. The term "diamonds" originates from the Greek word ADAMAS, symbolizing perpetuity. These precious gems are composed entirely of pure carbon, presenting themselves in crystal-clear, colorless forms. Renowned for their unparalleled toughness, diamonds reign as the hardest substance naturally occurring, embodying pristine elegance with their singular element composition. The quality of diamonds is universally evaluated through the well-known "4 Cs": color, clarity, cut, and carat weight. As succinctly expressed by Henry Kissinger, "A diamond is a chunk of coal that is made good under pressure."

Characteristics of Diamond Stones

Diamonds showcase a diverse spectrum of chemical, physical, and mechanical qualities:

  • In diamonds, every carbon atom undergoes sp3 hybridization and establishes connections with four other carbon atoms.
  • Diamonds are structured with tetrahedral units.
  • They possess outstanding hardness, granting them resistance against abrasion.
  • With a low coefficient of friction, diamonds enable surfaces to remain smooth.
  • Demonstrating high thermal conductivity, diamonds effectively transfer heat.
  • Diamonds display transparency across the ultraviolet to infrared range.
  • Their robust network of covalent bonds makes them highly resistant to breaking.

Exploring Diamond Color Development

The color variations observed in diamonds stem from their unique composition and arrangement. Comprised of carbon atoms structured in robust tetrahedral formations, diamonds exhibit transparency when they are clean and of high quality. However, certain diamonds boast exceptional hues like red, blue, pink, and green. Furthermore, naturally occurring diamonds may possess traces of yellow, brown, or grey tones. In contrast, a meticulously organized and pure diamond typically presents as colorless

Global Distribution of Diamonds

Diamond mining operations span across over 30 countries globally. However, the main diamond-producing regions include Canada, Angola, the Democratic Republic of the Congo, South Africa, Russia, Botswana, and Namibia.

Types of Diamonds

Diamonds come in diverse varieties, such as:-

1.Pink diamonds: Renowned for their rarity and exceptional value, pink diamonds possess a unique charm. The Argyle mine serves as the predominant source for these coveted gemstones, contributing more than 90% of the world's pink diamond supply. However, only a small fraction of Argyle diamonds display the coveted pink hue.

2-White Diamonds: White diamonds are sourced from various mines around the world, presenting a diverse selection of shapes and sizes. Notably, those obtained from the Argyle mine are renowned for their brilliance and superior quality.

3-Champagne Diamonds: Champagne diamonds enrich the world with their natural allure, showcasing a range of colors from delicate straw tones to luxurious cognac shades. Just like with colorless diamonds, assessing the 4 Cs—color, cut, clarity, and carat—is vital to gauge the quality of these gems. Furthermore, emphasis is placed on the intensity of the diamond's color, rather than the lack thereof.

4- Pink Champagne Diamonds:Pink champagne diamonds epitomize sophistication, displaying subtle traces of pink. Their enchanting appeal leads to a premium price per carat when compared to regular champagne stones. Argyle pink champagne diamonds present a wide range of tones, from gentle pink to deep champagne hues, providing a rich variety. The rarity of pink champagne hues impacts their value, with price determined by factors such as color intensity and shade variation.

5-Yellow Diamonds: Yellow diamonds exhibit a captivating range of hues, extending from subtle pale yellows to vibrant canary tones. A selection of fancy yellow diamonds is sourced from the Argyle mine.

6-Blue Diamonds: Fancy blue diamonds exhibit a variety of tones, spanning from sky blue to a richer, more "steel-like" hue in contrast to sapphires. The Argyle mine yields only a restricted number of blue diamonds.

7-Green Diamonds: Green diamonds contribute to the range of colored diamonds. Generally, their color intensity tends to be lighter and may diminish slightly during the cutting process. The Argyle mine produces only a small number of fancy green diamonds.


Diamonds hold a profound historical importance, representing love and romance with their captivating beauty. First unearthed in India around the 4th century BC, diamonds were cherished for their remarkable brilliance and inherent strength. Across various epochs, individuals adorned themselves with diamonds, attributing protective qualities to them, even utilizing them as shields during conflicts. In medieval times, diamonds were deemed medicinal, believed to possess healing powers that could treat illnesses and assist in wound healing, sometimes through unconventional methods like injections.

The discovery of diamonds near the Orange River in South Africa during the mid-19th century sparked the world's largest diamond rush, fulfilling the increasing worldwide demand for these precious stones. Moreover, diamond deposits were also found in eastern Australia. In October 1979, geologists uncovered the Argyle pipe near Lake Argyle, establishing it as the foremost global diamond producer, responsible for more than one-third of the world's annual diamond output. Argyle diamonds are emblematic of purity, superiority, allegiance, and fidelity.

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