Diamonds have been considered one of the most valuable stones on the market for centuries. The ancient Greeks believed it to have otherworldly powers due to its indestructible nature. Diamond rings, earrings, necklaces and more have been worn by all across the board, from high nobility and royalty to everyday individuals who saved up towards acquiring the precious gem. But what, exactly, makes them worth the high price tag, especially since they’ve been around for so long? We’re here to get to the bottom of it.
No. Quite the opposite actually. Diamonds are the most common of all precious stones to be found and mined. The cost per carat, meaning the weight of the stone, depends on how rare it is. That’s one factor in determining the value of a gemstone. Sapphires, rubies, black opals and others, for example, are much harder to locate than diamonds. This increases their rarity, making them more expensive to purchase than a diamond.
Bigger Diamonds Cost More?
No. Well, not really. The size of the stone has something to do with the price of a diamond, but not as much as other characteristics. When analyzing the value of a diamond, a jeweller has to look out for specific traits. The four C’s: cut, carat, clarity and colour, determine the value of a single diamond. Each unique factor contributes to whether or not the stone will sell for $200 or $2,000. A large diamond doesn’t count for much if it’s cloudy and roughly cut.
No. While pink, blue or other coloured diamonds are in shorter supply, white diamonds are still widely available and that doesn’t seem to be changing anytime soon. More mines are popping up around the world, increasing the global supply of the gemstone. On top of that, authentic looking man-made diamonds are gaining popularity due to their lower price tag and eco-friendly methods that don’t involve digging through mines.
And we have a winner! Yes, the reason why diamonds are so valuable is due to the constant demand for them. For hundreds of years, diamonds have been a stone most coveted, as it was a sign of power and status. It still is today, to some extent, even with the shift towards other, more unique gemstones like topaz, sapphire and more. Diamonds are remarkably durable, which should come as no surprise since it’s one of the hardest and strongest materials on earth. Banging or scratching it against a rough surface won’t damage it one bit. Its lustrous shine is long lasting as well, unlike other stones that can lose their shine over time.
Do you live in the Vancouver, British Columbia area and are looking for high-quality diamonds and jewellery pieces? Then stop by Rain City Jewellers! We’re proud to be working with some of the world’s finest materials, providing our customers with the products and know-how to fulfil their custom jewellery needs. Our trusted jewellers and craftsmen are dedicated to producing exceptional customer services while dealing in diamonds, engagement rings, diamond bracelets and earrings, and other fine jewellery. Visit our website / to browse some of our products.