Diamonds are more rare than water. Water -- salt water -- covers about 75% of planet earth.
Diamonds are considered more valuable than water due to their scarcity, durability, and perceived rarity. Diamonds are mined in limited quantities, while water is abundant in comparison. Additionally, diamonds are often associated with luxury, beauty, and status, contributing to their higher perceived value.
The paradox of value, also known as the diamond-water paradox, refers to the situation where essential items like water have little monetary value, while non-essential items like diamonds have a high monetary value. This paradox questions why things essential for survival have less value than things that are not necessary for survival.
The value we assign to diamonds is largely influenced by their rarity and the perception of luxury, which drives up their price. Water, on the other hand, is essential for survival and readily available in most places, making it less likely for people to pay premium prices for it. Basic human needs typically take priority over luxury goods in terms of willingness to pay.
although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
The value paradox refers to the concept that sometimes people may value things more when they are scarce or difficult to acquire, even if the actual worth of the item has not changed. This can lead to inflated perceptions of value based on scarcity rather than objective factors.
the apparent contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
are diamonds more valuable than emeralds
Yes, by weight, diamonds are more valuable than gold.
Natural diamonds are more valuable than manufactured diamonds, most of which are made for industrial applications, not for use as gemstones.
Diamonds are more valuable than coal.
Your answer depends on who's comparing and where the comparison takes place. Further, the quality of the diamonds and the quality of the water will be part of your argument.For example:Gem-quality diamonds are more valuable than easily available, potable water.Industrial diamonds are less valuable than easily available, potable water.You can develop logic around hard-to-find water, polluted water and so forth and compare these to gem-quality and industrial diamonds.There is no standard.
By weight, a gem-stone quality diamond is more valuable than oil.
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.
Diamonds are more valuable, more precious, stonger more expensive and last longer. Diamonds are by far better than gold and is the best mineral resource discovered
The value we assign to diamonds is largely influenced by their rarity and the perception of luxury, which drives up their price. Water, on the other hand, is essential for survival and readily available in most places, making it less likely for people to pay premium prices for it. Basic human needs typically take priority over luxury goods in terms of willingness to pay.
If this is true, it's only because white diamonds are more popular than black diamonds. The light bouncing inside the stone is more visible in the white and lighter colors. Given two diamonds, one black and one white, of the same cut and carat weight, your 'white' diamond may be more valuable, depending on its clarity and colour.
Every diamond is valued by its cut, colour, clarity and carat weight. A local jeweler may be able to help you compare two similar diamonds, each with a different colour, and explain to you why one may be more valuable than the other.
Of equal weight, and of best quality, diamonds are worth more than platinum.