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Your answer depends on the purity of the gold and the quality of the diamond.
When comparing one gram of 24 karat gold -- the purest gold -- compared with one gram -- five carats -- of the highest quality diamond, the diamond price would be higher.
For example, today, based on gold at US$1,054.20/gram = $33.89@gram, and based on the highest quality, five-carat diamond at US$404,055, the price of the diamond is far higher than the price of gold.
Conversely, a lower-karat gold gram, or a lower-quality diamond could alter the disparity. This is because about 80% of all diamonds mined are industrial diamonds, not gem quality. You can purchase a bag of industrial diamonds for about the price of a latte.
What else can I help you with?
What is more valuable gold or diamonds?
Gold.Gold is the most liquid of all, even cash. cash will loose value due to inflation. Diamonds do not have an absolute value - different valuers will value a particular piece differently. Gold on the other hand has an absolute value - which is generally not influenced by the exchange rates.If in a fit of need you will want to sell a diamond - you will not get its full value - but only the salvage value. if you need to sell gold you will get the full value.Another AnswerGiven exact weights of each element, diamonds will always be more valuable, in that its market price will always be higher.
Why diamonds have a higher monetary than water?
Diamonds have a higher monetary value than water primarily due to their rarity and the costs associated with their extraction, cutting, and marketing. While water is abundant and essential for life, diamonds are perceived as luxury items, with their value enhanced by cultural significance and demand in jewelry. Additionally, diamonds are not necessary for survival, which allows for a higher price based on consumer desire rather than basic need. This discrepancy illustrates the fundamental economic principle of supply and demand.
How much gold does US produce?
US gold production rises and falls with the price of gold. In 2007 the United States produced approximately 240 tonnes of gold, this is substantially higher than historicl production but typical of the production in the recent past..
Why is diamond jewelry so expensive?
The process of mining diamonds and their rareity is the cause of their excessive valueI think it's because diamonds are even more rare than GOLD.
Why the price of gold increasing?
The price of gold is probably increasing because there's less of it than there used to be and the more rare something is, the more valuable it is. try this site its useful http://gold-price-blog.info/
Why is diamond more expensive than gold?
Diamonds are more expensive than gold due to their scarcity and the high demand for them in the jewelry industry. The process of mining and refining diamonds is more complex and costly than that of gold. Additionally, diamonds are valued for their brilliance, clarity, and durability, contributing to their high price.
Are diamonds worth more than gold?
Diamond are much more valuable than gold even considering the recent price rise for gold.
What is more valuable gold or diamonds?
Gold.Gold is the most liquid of all, even cash. cash will loose value due to inflation. Diamonds do not have an absolute value - different valuers will value a particular piece differently. Gold on the other hand has an absolute value - which is generally not influenced by the exchange rates.If in a fit of need you will want to sell a diamond - you will not get its full value - but only the salvage value. if you need to sell gold you will get the full value.Another AnswerGiven exact weights of each element, diamonds will always be more valuable, in that its market price will always be higher.
What is worth more diamonds or gold?
By weight, diamonds are worth more because they are much more rare than gold.
Is the price of gold higher than the value of the dollar?
The price of gold is ever changing. The stock market for things like this can change from day to day. Gold is more valuable than simply a dollar. It also depends on the weight of the gold.
What cost more than gold?
Diamonds.
Can gold get you more money than diamonds?
No.
Are diamonds more valuable than golds?
Yes, by weight, diamonds are more valuable than gold.
What is more Diamond or gold?
diamond is alot harder than goldAnother AnswerBy weight, gem-quality diamonds are more valuable than gold. By weight, gold is more valuable than industrial diamonds. Only about 20% of all diamonds mined are gem-quality.
Is gold harder to find than diamonds?
Both are hard to find because Diamonds and Gold live in rare places. If you want to find Diamonds or Gold,you might end up with alot of holes.
Can you boil diamonds and gold?
No, diamonds and gold cannot be boiled. Diamonds are made of carbon, which melts and burns before boiling. Gold has a very high melting point of 1,064°C (1,947°F) which is much higher than the boiling point of water.
Why diamonds have a higher monetary than water?
Diamonds have a higher monetary value than water primarily due to their rarity and the costs associated with their extraction, cutting, and marketing. While water is abundant and essential for life, diamonds are perceived as luxury items, with their value enhanced by cultural significance and demand in jewelry. Additionally, diamonds are not necessary for survival, which allows for a higher price based on consumer desire rather than basic need. This discrepancy illustrates the fundamental economic principle of supply and demand.
