Diamonds are beautiful; they are radiant, and they are a woman’s best friend. But they’re all carbon-based rocks that have been subjected to extreme heat and pressure for billions of years. And eventually, these carbon atoms were transformed into diamonds. A diamond is the hardest substance on the planet, as well as the most valuable gemstone.
Diamonds are not uncommon, but high-quality diamonds suitable for jewelry are uncommon. The majority of diamonds discovered on the planet are of poor size and quality and are used for industrial purposes. As a result, finding diamonds with a suitable carat weight, color, and clarity is difficult.
It’s time to transform the rough stone into a gleaming and beautiful diamond after all the hard work of searching for diamonds in the earth’s crust. Diamond cutting is a procedure that necessitates the use of advanced machinery, equipment, and skilled hands. After the diamond has been polished, it can be used to make rings, earrings, necklaces, and Custom Jewelry.
Nothing compares to the beauty of a gleaming diamond, particularly when it’s used to make a stunning piece of jewelry. However, this elegance also comes at a high cost.
As long-time finer jewelers, we get a lot of questions from customers about diamonds, and one of the most common is, “why are diamonds so expensive?” The solution has almost as many facets as a diamond! Diamonds are highly valued and usually more costly than other gemstones due to a number of factors.
- Uniqueness
- Difficulties in Mining
- Longevity
Uniqueness
Diamonds are not extremely unique in general. However, high-quality expensive diamonds used in jewelry are extremely unique. Just about 30% of the diamonds mined around the world are gem-quality, according to estimates. Because of their rarity, these diamonds are more precious, which is one of the reasons for their high price.
Difficulties in Mining
Diamonds grow naturally deep beneath the Earth’s surface in a high-pressure, hot atmosphere. It’s not easy to get these diamonds out of the ground. Heavy machinery, hydraulic shovels, trucks, and other costly and difficult-to-operate equipment are used in mining. This machinery is used to transport ore to the surface, where diamonds are extracted.
A diamond cutter must shape and polish a diamond after it has been removed in order for it to be ready for sale. Diamond mining, cutting, and polishing is a time-consuming and labor-intensive operation. The difficulty of this method unquestionably raises the cost of diamonds.
Except in the most active diamond mines, a single carat of diamond requires sifting through about 250 tonnes of rock. And the majority of diamonds mined around the world aren’t of sufficient quality to be used in jewelry.
Longevity
The Mohs Hardness Scale, which is used to determine the strength and toughness of gemstones, gives the diamond a score often. This high rating means that the diamond is one of the world’s hardest minerals. Scratching a diamond’s surface is almost impossible, and breaking or cracking it is even more difficult.
One of the many qualities that distinguish a diamond from other gemstones is its exceptional toughness. It’s also one of the things that drive up the cost of a diamond. Diamonds are more expensive because they last for longer than other more fragile gemstones.
What Is The Price Of A Diamond?
True, diamonds are costly, but the price of a diamond varies from stone to stone. The following are some of the variables that influence the price of a diamond:
Cut: The cut of a diamond refers to the symmetry, proportions, and facet arrangement of the stone. A diamond with a high-quality cut can sparkle brightly.
Color: A color score is used to assess a white diamond’s lack of color. The most valuable diamonds are colorless, meaning they have no yellow-brown flecks in them.
Clarity: The existence of inclusions and blemishes is referred to as “clarity.” Diamonds with no flaws are extremely rare and expensive.
Carat: A carat is a unit of measurement for the weight of a diamond. Diamonds that are heavier are bigger and thus more costly than diamonds that are smaller.
Diamonds are unquestionably costly, but others are significantly less so. As a result, just because you’re on a tight budget doesn’t mean you can’t afford diamonds. You’ll have no trouble finding a beautiful diamond within your budget.