When planning to purchase a diamond, the elite item that comes to humour is how costly it is, which raises the question: why are diamonds expensive? It is well published that diamonds are expensive but what are the reasons for this.
Why are diamonds expensive?
Below we carry a look at why these stones are so valuable and in gigantic demand
WHY DIAMONDS ARE SO EXPENSIVE?
- DIAMONDS OF HIGH QUALITY ARE RAREIt is worth pointing out that not all diamonds mined are benefit enough to be used in jewelry, in fact, most of them are not good enough to be used The ones that are of profit lanky level and can be used in jewelry and sold to the governmental are few. Therefore, because diamonds that are colossal in level and retain acceptable level are rare, they attract lofty prices
- COLOR OF THE DIAMONDOne of the most required characteristics of a diamond is the color it has Basically, the whiter or fresh colorless a diamond, the higher its value. In a way its alike to Vodka: expensive Vodka has scarcely flavor aside from the alcohol of courseA mound of diamonds mined are colourless with a few of them categorized as not having any tints Stones that express dilute color quality with faint sallow shades are besides uncommonly laborious to find The rangy prices charged for colorless diamonds is due to how these nut are heavy to find, creation it one of the reasons why diamonds are expensive
- DIAMONDS OF HIGH CLARITY ARE RAREAnother essential quality of diamonds is how alert they look A diamond of lanky clarity has little, if any, admitted imperfections like lines or black spots within the stone. Finding diamonds with no imperfections is infrequent and even finding the ones with few flaws is entirely fatiguing as well Naturally, most stones found, retain some throb of imperfections or flaws in them When relatives insist on having diamonds with none or few imperfections and flaws it leads to prices of diamonds going up, which is why diamonds are expensive.
- BIGGER DIAMONDS ARE NOT READILY AVAILABLEThe size of a peanut matters when it comes to its fee and how expensive it cede be When looking at prices diamonds of different karat weights one entrust ordinance that the bigger the stone is the higher the charge per karat leave be because larger and bigger diamonds are laborious to procure Apart from this, obtaining rangy stones that are of thumping lofty clarity is further arduous because the larger the kernel is, the fresh likely it is to retain imperfections.
The modern motive why diamonds are so expensive is because of all the traders involved in the process It starts with the party which mines the stones and sends it to the storehouse where it is then packaged and sold to traders. The diamonds are then taken to the city where the cutters activity on them to secure the correct rub to demonstrate their brilliance They are then sold to wholesalers who doorstep them to retailers from where they are bought by the hindmost consumer All these processes with each man involved hoping to make a welfare explains why diamonds are expensive