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Why are diamonds worth so much?

Updated: 9/20/2023
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12y ago

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Because they look nice and are hard to get. It takes a lot of work to find and dig up diamonds in diamond mines.

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12y ago
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Q: Why are diamonds worth so much?
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Why are diamonds worth a lot of money?

Because they are relatively rare and hard to mine. They also have aesthetic value in jewelery as well as intrinsic value in various types of industrial machinery (although much of the latter is now replaced by synthetic diamonds).


How is it possible for a handful of diamonds to be worth less than a single glass of water?

If you were dieing of thirst, it is very hard to drink diamonds.


What is bronze worth?

Bronze isn't worth anything get some diamonds you cheapskates and also go skydiving without a parachute


What is worth more diamonds or oil?

Gold is worth more than diamonds (diamonds do not have a universal absolute value, whereas gold does). Oil is worth more than both gold and diamonds combined.We rely on oil to power our economies, keep the ships floating, keep our cars moving, keep the planes flying and so on. Without the oil, there is no economy. Wars are fought over oil, but none are fought over diamonds (except some small civil wars as a result of disputes).Oil however is running out, which makes it even more expensive and valuable than it used to be. We are quickly trying to find new ways to replace the oil we rely on, such as electric cars. Oil will only get even more valuable as it becomes rarer.Another AnswerIn terms of weight, a cup of diamonds vs a cup of oil depends on the quality of both. A cup of gemstones, for example, would be worth far more than a cup of oil. However, a cup of industrial diamonds -- about 80% of all those mined, would be worth less than a cup of oil.


How much is E5 GBP worth in American money?

So how much is it wothe

Related questions

How much is a carat of diamonds worth?

A carat of diamonds is worth whatever someone will pay you for the carat.


How much money is 999 diamods worth?

diamonds


What is worth more diamonds or gold?

By weight, diamonds are worth more because they are much more rare than gold.


How much is 2 carat of created diamonds worth?

It's worth whatever someone will pay you for it.You can take it to a pawn shop, or a jeweler and ask. Man-made diamonds are less expensive than natural diamonds.


How much is a ring with 2.8 carats of diamonds worth?

Your ring -- lacking any documentation as to its metal and details about the diamonds -- is worth whatever someone will pay you for it. A local jeweler can help you understand the facts about your bracelet, and you can pay a gemologist to evaluate the diamonds.


How much is my 14k gold diamond ring with 10p diamonds worth?

5 dollars


Which is worth more - gold or diamonds?

by weight diamonds


How much is a miracle diamond worth each additional carat?

Anything is 'worth' whatever someone will pay you for it. Miracle Diamonds, as below, is apparently a wholesaler of merchandise that includes diamonds. You can review their materials to determine what you want to purchase, and how much you will pay.


How much are black diamonds worth?

Black diamonds, properly Carbonado, are priced a little less than clear diamonds of the same carat weight.Your local jeweler may be able to show you black diamonds with prices.


Why are diamonds so expensive when they are so plentiful?

Diamonds come from foreign countries many times, and these countries are poor and diamonds often have to be smuggled out becuase organizations control how much goes out.


How much is 10 grams of diamonds worth?

One carat equals .02 grammes, so two grammes equals 10 carats. Five times that much means that you'd have about 50 carats of diamonds. Since every diamond is valued according to its cut, clarity, carat weight and colour, all these variables would affect the value of the diamonds in the cache.


How much is a 005ctw diamond worth?

Take your diamonds to a local jeweler who can help you value them. Only given the carat weight of a collection of diamonds, there is no way to estimate a value.