Diamonds. Diamonds are precious items just as we have gold and silver relevant to the whole world. There are reasons as to why it is so valuable to the people; those reasons are things we would like to look at and the right places we can go to get diamonds at low prices.
Because they are rare
Diamonds are precious stones that people place at a high level; despite that, they are rare; it is not easy to get unlike other kinds of gemstones. One of the factors that make it unusual is the price; the price per karat is mostly determined by how rare it is at a particular point in time. That is why other kinds of gemstones, such as rubies, sapphires, are far much rare and expensive than diamonds.
Cost based on size
The size of a diamond should be one of the reasons for its cost; at the same time, there is a need for considerations so that the size will not be the price determinant. As more people continue to trade diamonds, the scale becomes irrelevant in determining its price but the weight. Another factor used in the calculation of its cost is the 4cs; they are the carat, clarity, color, and cut collectively inform the price of a diamond. Those characteristics explained are relevant in determining the price of a diamond, and they are all connected. Sellers will not be able to arrive at a final price if they don’t consider all these factors. For example, if you have a ten karat diamond, if the clarity is not there. It does not give any assurances that the stone will be worth more than a smaller sized diamond with perfect clarity.
Diamond supply is depleting.
Research has confirmed that fancy colored diamonds are hot diamonds, and they are hard to neglect. Some experts whose job is to research precious stones claims that with the rate at which buyers rate diamonds; it may be depleted in a decade to come. But as regards white diamonds, they are hot diamonds just as other kinds of precious stones. There is less to worry about them. For the fact that they are hard to find, they become so expensive, but over time as more people invest in the mining industry. Competition became paramount, and more diamonds flood the market. As a result, the prices became regulated and not as expensive it used to be.
Why are diamonds so valuable?
Long ago, people have always seen diamonds as precious, making it a sign of power, wealth, and status. It was a rare find making it worth more. As far back as 1800, this period seems to be the period when diamond got to its peak as a precious stone. People began to trade it in the market for other valuable items and, in the process, tried to earn a living from it.
With the look of things, diamond is also a precious item just as we have gold and silver. It has become hot such that every home looks to have it.