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

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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.

FAQ

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 ...

Your Answer

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Are some diamonds harder than others?

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Do some diamonds look more grey?

Gray diamonds are colored by hydrogen, and more rarely boron (unknown how, since boron nearly always forms blue). The defect causes the stone to absorb all wavelengths of light equally. Gray color can tint nearly every other shade. Gray colors often appear very different when viewed under average natural daylight versus an artificial light source.

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Diamonds are so hard that they can only be cut by other diamonds. Diamonds are forever. (!) The bunt flew out of the diamond.

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Why are some diamonds so cheap?

While Americans are buying more diamond jewelry than ever before, most polished diamonds are getting steadily cheaper… Their profits evaporated as polished stones lost value, banks tightened financing, and top producer De Beers held firm with prices it demands for the rough diamonds it digs up. Rough diamonds.

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Why do some diamonds not sparkle?

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Why do some diamonds sparkle more?

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Do diamonds suit all people?

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Do people buy fake diamonds?

And while it's true that synthetic diamonds may retail for less than their natural counterparts, the Hollywood jeweler cautioned that buyers are getting what they paid for — if not less. “Lab-grown diamonds cost only a few hundred dollars per carat to produce and hold no real resale value.

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How are people conserving diamonds?

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How do people find diamonds?

Where do you find diamonds?? Well, we hunted for uncut natural diamonds at Crater of the Diamonds State Parks in Murfreesboro Arkansas. The job was not easy!...

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How do people mine diamonds?

Horizontal marine diamond mining uses a crawler to suck gravel from the ocean floor to the surface via flexible pipes, while vertical diamond mining uses a large, ship-mounted drill to pull up the diamond-bearing gravel.

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Why do people want diamonds?

they love licking them

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Is costume jewelry worthless?

As to your question "Is costume jewelry worthless?" The answer depends upon how much wear you get out of it, but for the most part, the answer is pretty much. It goes out of fashion, it falls apart, resale value is negligible if there's any at all. I have a dresser full of costume jewelry and wish I didn't.

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Is sterling silver worthless?

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What are some consumption issues with diamonds?

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What makes some diamonds pink in color?

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How many people own red diamonds?

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What do people use diamonds for?

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Why are people attracted to diamonds?

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Why do people prefer real diamonds?

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Are diamonds supposed to move some in setting?

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What are some unique gift ideas involving diamonds?

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Why do some diamonds look a greyish silver?

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