To be honest, there’s nothing more stunning than a sparkling diamond. When a diamond creates a beautiful piece of jewelry, it just makes any woman go crazy. However, we all know diamonds come at a steep price. Whether you buy diamonds online or from the store, the prices of these diamonds shall remain the same.
Have you ever thought about why diamonds are so expensive? You might don’t know but there are lots of factors that drive the sale of diamonds. What? Check out below.
- Rarity
- Mining Difficulties
- Durability
What Makes Diamonds So Expensive
Do you want to know why these stones are so expensive? Check out below
Rarity
If you are wondering that diamonds are incredibly rare, then you are wrong. Diamonds are not rare anymore. However, high-quality diamonds used in jewelry are very rare and it is said that only 35% of diamonds that are mined around the world are high in quality. It is one of the reasons why diamonds are so expensive.
Market Manipulation
After the increase of diamond popularity, it makes it much more available for the shopper and the buyers. So, to prevent diamonds from decreasing in value a group of mining companies decides to release the diamonds in small quantities.
During the high marketing campaign, diamonds have become a symbol of an engagement ring in various countries. So, the price of the diamond rings is directly related to the sales.
Mining Difficulties
As you know, diamonds naturally form in a high-pressure, hot environment deep beneath the Earth’s surface. By extracting these diamonds from the earth is not easy and it also involves lots of steps and processes.
It will also involve the use of heavy machinery, hydraulic shovels, and other expenses that are very difficult to operate. There are types of equipment that are used to extract diamonds from the earth that cause damage to Mother’s Nature.
So, it is why people are using Lab-Grown diamonds as they are formed in a safe environment making no harm to the environment.
After the diamonds are extracted, the diamond cutters cut them into various shapes and polish them ensuring it is ready to sell. This whole process is challenging and labor-intensive, affecting the price of the diamonds.
Durability
When it comes to diamonds as a gemstone, these are very durable. The best part about this gemstone is that it cannot be easily broken or cracked down easily, making the gemstone more durable and precious.
Due to this durability, it sets diamonds apart from various other gemstones. It also affects the price and sale of diamonds.
Not many people are aware of the fact that diamonds last much longer than other delicate gemstones, making them more valuable and precious.
Are you looking to buy a diamond engagement or wedding jewelry? Visit the Grand Diamonds store where you can get high-quality diamonds. For more information, visit our website.
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