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An exceptionally unique 15-carat rare blue diamond was auctioned for $57 million last year. So why are diamonds deemed so valuable? ... the old saying still rings true: A diamond is forever.
In several videos, the 27-year-old talked about her engagement ring search, which focused heavily on lab-grown diamonds. The bride-to-be was met with so many negative comments from viewers about ...
On "Antiques Roadshow" we took a trip back to 1998 when a woman brought in a gorgeous diamond and ruby jewelry collection she inherited from her great aunt, who was married to a congressman back ...
Diamonds, because of their hardness, are one of the few gemstones that have a recycled market. Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25]
In the paradox of value, it is a contradiction that it is cheaper than diamonds, despite diamonds not having such an importance to life. The paradox of value, also known as the diamond–water paradox, is the paradox that, although water is on the whole more useful in terms of survival than diamonds, diamonds command a higher price in the market.
The old trend was to have giant lawns to show you were so rich didn’t need to grow food, and now we’ve just had this idea so embedded in our culture that it’s incredibly hard to break out of it.
Fancy-colored diamonds such as the deep-blue Hope Diamond are among the most valuable and sought-after diamonds in the world. In 2009, a 7-carat (1.4 g) blue diamond fetched the then highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (US$9.5 million at the time) which is in excess of US$1.3 ...
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