0
Diamonds are actually one of the most plentiful substances on earth. In fact 130,000,000 carats or 57,000+ lbs worth of diamonds are dug up every year with another 220,000+ lbs artificially synthesized*.
The reason they seem scarce is because those in control of the diamonds (De Beers mostly) horde them to create artificial scarcity and pump up the price thousands of times over.
If all the diamonds in the world were to suddenly flood the market, CZ would probably cost more.
*cited from Wikipedia
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoDiamonds are fairly abundant but their distribution and allocation is controlled by Debeers in order to create demand. Millions of carats are dug and processed every year. Cleaner and whiter diamonds are more scares than yellower and included diamonds.
If you have any other questions about diamonds please contact us at 972-233-6078 or visit our website at http://www.motekdiamonds.com
We are true diamond wholesalers open to the public.
Motek Diamonds
5580 lyndon B Johnson Freeway Suite 610
Dallas, Texas 75240
972-233-6708
http://www.motekdiamonds.com
Wiki User
∙ 15y agoSome are (such as germanium), and some are very common (such as quartz and halite).
Add your answer:
Earn +20 pts
Is quartz found in Kentucky?
Yes. Quartz is the second most abundant mineral in the crust and can be found with a little effort virtually everywhere, mostly in combination with other minerals in rock.
What are canary diamonds?
Canary diamonds are yellow-tinted diamonds.
Is grass abundant or average?
Very abundant
Are chocolate diamonds natural or manufactured?
'Chocolate diamonds' are named thus because this shade of brown diamond is the colour of chocolate. Some brown diamonds are natural diamonds; some brown diamonds are manufactured diamonds. A gemologist will help you determine the source of your brown diamond. Manufactured diamonds are always less expensive than natural diamonds with similar characteristics.
What metals do diamonds have in them?
Diamonds are formed from carbon. Some brown diamonds may contain trace amounts of nickel -- otherwise diamonds do not contain metals.
Are diamonds abundant or rare?
Diamonds are rare.
What is the most abundant class of minerals on earth?
diamonds are plentiful
Who cuts Herkimer Diamonds?
The same way any stone is cut, Herkimer diamonds are not diamonds, its a type of quartz.
Are diamonds and silicons the most plentiful minerals on earth?
No, but the element silicon is a major component of the mineral quartz, which is one of the most abundant minerals on earth.
Is quartz found in Kentucky?
Yes. Quartz is the second most abundant mineral in the crust and can be found with a little effort virtually everywhere, mostly in combination with other minerals in rock.
How abundant are diamonds in the world?
All gems are valued based on their rarity (as are most things in life). But diamonds are abundant. Extraordinarily abundant. The De Beers cartel has enormous vaults where they keep most of the world's supply of diamonds. If these ever got released into the market, the monopoly would be over, and diamonds would be worth next to nothing. Diamonds are artificially high and can be purchased in most African countries for as low as $15 per carat (rough cut).They are literally a pretty rock. Retail jewelers mark up diamond engagement rings by an average of 300% up to a staggering 1000%. The estimates on markups are broad, but most of the reliable sources we've seen indicate that 300% is the usual markup. Your acquaintance who says he bought a $10,000 ring for $1,000 might be on the level. While a 1000% markup is not typical, it's not unheard-of. Diamonds also have no resale value. The reason a "diamond is forever" is because you're basically stuck with it. You'll never be able to resell it except to a pawn shop. Even a jeweler (the few who would be willing to buy it) would offer a fraction of what you paid.
What does Samuel Johnson mean by praise like gold and diamonds owes its value only to its scarcity?
Samuel Johnson means that praise, like gold and diamonds, is more valuable when it is given sparingly. If praise is abundant, it loses its worth and significance. Scarcity adds value to the act of praising someone.
Why water which is essential for life has a low price compared with diamond which is not?
Diamonds are a commodity that people usually buy as a luxury. Water is vastly more abundant than diamond, and so its price can be low.
What are uses of carbon?
carbon can be used for lampblack,allotrope,gas,fuels,and lubricants, and lovely diamonds! (diamonds are a pure form of carbon).Organic chemistry also involves all thing carbon. The most abundant elements in our body are Hydrogen, Carbon, Oxygen, Nitrogen, Phosphorus and Sulphur. It is a VERY important element.
When was Diamonds Diamonds created?
Diamonds Diamonds was created in 1982.
Is abundant a noun?
No abundant is an adjective. Abundance is a noun
Is 36 deficient perfect or abundant?
36 is abundant.
