What are Diamonds? Why are Diamonds Expensive?

What are Diamonds? Why are Diamonds Expensive?

What makes diamonds so valuable?

Why are they considered so valuable among other loose gemstones for sale? While evaluating a diamond's worth, it is crucial to take into account the influence of its surroundings and identify the primary factors that contribute to its elevated expense.

Why Diamonds are so valuable

MYTH # 1: The people consider diamonds are expensive because they think, it is rare. 

The truth is that diamonds are not rare gemstones. There is a Long list of other gemstones  which are extremely rare for example, grandidierite and alexandrite etc. But diamonds are commonly found on the Earth. 

Precious stones' price is normally based on its rarity. The rarity of a stone is proportional to its cost. In rarity, the clean rare pieces matter a lot. Clean Rubies , Sapphires and Emeralds are rare.

MYTH # 2: Diamond cost relies on its size. The bigger it is, the more valuable it is. 

Only size of diamonds does not affect the price of the diamond. There are " Four Cs" 

  1. Color
  2. cut
  3. clarity
  4. carat

The size and weight of diamond is only one factor in measuring or calculating the total value of diamonds. All above points play a role in defining the price of a diamond. For instance, if you have a big sized diamond but having low clarity, it will not guarantee the high price of a diamond. For getting a high price, it must be clear also. If it is in cut form then its color and cut will be added into the price ratio. 

Other Myths of the Diamond

  • Every diamond is white. Most of the people believe that diamonds are luminous white but this doesn't occur in all cases. There are various kinds of diamonds based on their colours for example, yellow diamonds, pink diamonds etc.
  • Each component of diamonds originates from the natural world. While many diamonds form naturally, others are grown up in laboratories and can be traded at 35 percent less than mined diamonds.
  • A diamond’s dimension is calculated in carats: A diamond's size is essentially considered length by width in millimeters.

Importance of Diamonds among Loose Gemstones for Sale

Diamonds are recognized as the most  enchanting gemstones, universally seen as a distinct gift from nature to humanity. The term "diamonds" originates from the Greek word ADAMAS meaning everlasting. A valuable stone comprises of a clear and colorless manifestation of pure carbon. Diamond is hardest substance found in nature. Diamonds consist of a single element and are the most pristine gemstones. Diamond quality is the universal process for the assessment of  the quality of diamonds anywhere in the world.

Evaluating Colored Stones / The Five Ps  - Read More....

 

The diamonds are described as 4cs;

  1. color,
  2. clarity,
  3. cut,
  4. carat weight.

            “A DIAMONDS IS A CHUNK OF COAL THAT IS MADE GOOD UNDER PRESSURE”-------        
HENRY KISSINGER

Properties of Diamond Stones

Diamonds possess a remarkable range of chemical, physical, and mechanical characteristics.

  • In diamonds each one carbon atom is sp3 hybridized and is in acquaintance to four other carbon atoms through a bond.
  • It is made up of tetrahedral units
  • Hardness
  • Low coefficient of friction
  • High thermal conductivity
  • Transparency from ultra violet to infra red
  • It holds a strong network of covalent bonds that proves to be difficult to break.

      How diamonds gets color      

      Diamonds consist of carbon atoms arranged in strong tetrahedral structures. Clean diamonds are transparent and colorless. They are of high-quality .The extraordinary colours of diamonds are red, blue, pink and green. Naturally mined diamonds may exhibit traces of yellow, as well as hints of brown or grey. A perfectly pure and well-organized diamond exhibits no color, similar to a droplet of water.

        Location of Diamonds?

        Diamonds are found in more than 30 countries but the seven foremost producers of diamonds  are: Canada,   Angola,   Democratic Republic of the Congo,   South Africa,  Russia, Botswana and Namibia.

        Kinds of Diamonds

        Diamonds are found in more than 30 countries but the seven foremost producers of diamonds  are: Canada,   Angola,   Democratic Republic of the Congo,   South Africa,  Russia, Botswana and Namibia.

        Kinds of Diamonds

        There are different types of diamond. They are;

        1-Pink diamonds: The pink diamond is the earth’s most rare and valuable diamonds. The argyle mine is the world’s leading source of unrivalled extreme pink diamonds, producing more than 90% of the world contribute. However, only a minute fraction of Argyle diamonds is produced in pink color.

        2-White Diamonds: White diamonds are sourced from various mines across the globe. They display  a diverse array of shapes and dimensions. The white diamond extracted from the Argyle mine are brilliant and of remarkable quality.

        3-Champagne Diamonds: Champagne diamonds naturally adorn the world around us. They are found in a wide spectrum of colours, ranging from light straw tone to rich cognac shades. The 4C's- colour, cut, clarity and carat are crucial to  apprehend the colored diamonds just as they do with the colourless diamonds focusing on the intensity of color, not the absence of it.

        4-Pink Champagne Diamonds: Exquisite champagne stones with hints of pink colour are also available and demand a premium price per carat as compared to traditional  champagne diamonds. These gemstones have subtle to deep shades of pink in their sparkle.

        Argyle Pink Champagne Diamonds are found  in a diverse spectrum of shades ranging from soft pink to medium to dark pink champagne tones. As pink coloured champagne is rare, so secondary colours are expensive. Their price depending on the intensity and shade of colour.

        5-Yellow Diamonds: The fascinating yellow coloured diamonds are found in a broad range of tones ranging from pale yellow to deep canary hue. Certain fancy yellow diamonds are sourced from the Argyle mine.

        6-Blue Diamonds: Fancy blue diamonds come in various hues, spanning from sky blue to a more "steely" shade than sapphire. A restricted number of blue diamonds are obtained from the Argyle mine.

        7-Green Diamonds: Fancy green diamonds also exist. Usually,the shade of the color is not very dark and is removed during the fashioning of the stone. A restricted number of fancy green diamonds is obtained from the Argyle mine.

        History OF Diamonds

        The diamonds are  aesthetically stunning and is a stable symbol of love and romance. The initial diamonds were found in India in 4th century BC. In the past, when diamonds were discovered,  they were  praised for  their power and brilliance. Individuals used diamonds to adorn themselves. Diamonds were thought to act as a shield in battles. In the dark ages, diamonds served as remedies and were believed to cure the disease. Diamonds were thought to heal wounds by the administration of injections.

        Why diamond is so expensive

        The middle nineteenth century discovery of diamonds close to the orange river in South Africa sparked the earth’s biggest diamond run and helped to satisfy the world’s increasing desire for diamonds. Diamonds were also discovered in eastern Australia. On October 1979; geologist found the Argyle pipe near Lake Argyle. Argyle has turn into the world’s largest producer of diamonds and contributes to the production of over one third of the world’s diamonds every year. It is the symbol of clarity, excellence, loyalty and faithfulness.

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