Why do some people believe diamonds are worthless?

Alaina Aufderhar asked a question: Why do some people believe diamonds are worthless?
Asked By: Alaina Aufderhar
Date created: Thu, Dec 31, 2020 6:25 AM


Video answer: Diamonds are worthless? (under 90 seconds)

Diamonds are worthless? (under 90 seconds)

Top best answers to the question «Why do some people believe diamonds are worthless»

Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” Diamonds aren't forever: They actually decay, faster than most rocks. Diamonds can bring injury: Yes, the diamond trade creates jobs.


Those who are looking for an answer to the question «Why do some people believe diamonds are worthless?» often ask the following questions:

👉 Are diamonds worthless?

Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” Diamonds aren't forever: They actually decay, faster than most rocks.

👉 Are diamonds really worthless?

Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” Diamonds aren't forever: They actually decay, faster than most rocks. Diamonds can bring injury: Yes, the diamond trade creates jobs.

👉 Can diamonds become worthless?

This might hit you real hard, but diamonds actually aren't forever. The truth is that diamonds actually decay very fast – considerably faster than most other rocks. And according to the former chairman of De Beers, a leading diamond-selling company, diamonds have no intrinsic value.

Video answer: The truth about diamonds

The truth about diamonds

10 other answers

Some people believe diamonds are worthless for various different motives, here’s a rundown for the most popular ones: They can’t afford it, so they make jokes about it and hate on it and on people who buy it (very similar to most iPhone haters, for example).

Nonetheless, a myth about the gem continues to be believed: Diamonds are rare. Well, all "gem-quality materials" are technically rare because they're natural materials with limited quantities Earth. That said, diamonds are one of the least rare among gemstones.

There's also the fact that people have long valued diamonds, so deciding they're not valuable at all would be tantamount to saying that something one has a lot of is worthless. That is, it would be offensive to other people to say that diamonds are worthless, so people don't want to say it or admit to it.

because these are shiny expensive stuff, so if a guy can get his girl such an expensive stone. it makes him a provider, caring and willing sacrifice heaps of money for the loved one. but on the other side u will find girls who buy these stones f...

The resale value on lab-grown diamonds is either extemely low on non-existent. Plenty of people want to sell it, but no one wants to have it back. They’d rather just print a new diamond for a fraction of the selling cost. This reason is one of the most compelling reasons to keep far away from artificial diamonds.

In 1970, it bought a 1.42 carat diamond for £745. In 1971, the highest offer it received for the same gem was £568. Rather than sell it at such an enormous loss, Watts decided to extend the ...

“Diamonds are valuable because people believe they ’ re valuable,” said Ira Weissman, Diamond Pros. “Until De Beers began their famous marketing campaign of the 1940s, diamonds weren ’ t ...

As far as curses and such is just nonsense, I don’t think owning such an item is good. First and foremost, what are you going to do with it? You will become an outcast if you split it and turn it into jewelry. If you don’t show it to anyone is als...

They carefully released only enough rough diamonds to satisfy then-current demand, while continually adjusting the degree of rough diamond availability. Of course, this made prices escalate and reinforced the perception of diamond’s rarity. De Beers actually mined considerably more rough diamonds than they sold. They maintained a large warehouse of uncut diamonds in London. As a result, they weren’t allowed to do business in the United States and a few other countries.

People explain away spending thousands of dollars on a little stone because they mistakenly believe that the diamond is a solid investment. Are there any other investment classes where the person selling you the asset makes a minimum 10 percent profit margin (usually much more)? Most people would be lucky to get half of what they paid if they tried to sell a ring the day after they bought it. Don't fool yourself into thinking that buying a diamond is a safe place to put away money for a ...

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Are some diamonds harder than others?

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Do some diamonds look more grey?

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Why are some diamonds so cheap?

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Do people buy fake diamonds?

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How are people conserving diamonds?

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How do people find diamonds?

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How do people mine diamonds?

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Why do people want diamonds?

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Is costume jewelry worthless?

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Is sterling silver worthless?

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Why do people prefer real diamonds?

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