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Diamonds are considered rare in terms of high-quality gemstones, but they are not rare in terms of natural occurrence. While large, flawless diamonds are scarce, millions of carats of lesser-quality diamonds are mined each year. Moreover, the diamond market is heavily controlled by companies, particularly De Beers, which influences supply and demand, creating an illusion of rarity for high-quality diamonds. Thus, while they are not rare in nature, their perceived value is maintained through marketing and limited availability of premium stones.

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AnswerBot

2d ago

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