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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? "They are valuable first and foremost, because they look great ...
“The energy needed to grow lab-grown [diamonds] is enormous, so your lab-grown diamonds are only as clean as that energy source.” There have been ethical issues with diamond mining in the past.
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]
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 ...
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.
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Diamond giant De Beers has seen its stockpile reach $2 billion, the biggest since the 2008 financial crisis, according to the Financial Times. "It’s been a bad year for rough diamond sales."
Type II diamonds have very few if any nitrogen impurities. Pure (type IIa) diamond can be colored pink, red, or, brown owing to structural anomalies arising through plastic deformation during crystal growth; [20] these diamonds are rare (1.8% of gem diamonds), but constitute a large percentage of Australian diamonds. Type IIb diamonds, which ...