10 Interesting Facts About Diamonds
Since ancient times, diamonds have been considered a status symbol due to their exceptional properties and value. Today, many people prefer to buy diamond pieces and loose diamonds to make a reliable investment.
While many of the numerous facts about diamonds are based on myth rather than science, these are the facts you should know if you’re going to invest in these gems.
1. De Beers, the company that used to control about 90% of the world’s diamond trade, controls approximately 60 to 70% of the world’s diamond supply today. If you’re going to buy diamonds from De Beers, you’ll have to do it at one of the ten “sights” held each year. Their diamonds are sold on a take-it-or-leave-it basis and the price for uncut diamonds can’t be changed by the owner.
2. The gems are available in all possible colours and shades of the rainbow. Coloured diamonds are extremely rare, which makes them the most expensive. Blue and pink diamonds are among the rarest, brown and yellow are the most common among the coloured gems.
3. Diamonds are practically the hardest substance on Earth, except Aggregated diamond Nano rods and Ultrahard fullerite only.
4. Diamonds make a good investment but only if you know what you’re doing. That’s why it’s important to get expert advice and buy the gems with the Gemological Institute of America certificates.
5. To stimulate ever-growing demand for diamonds – as the demand has to increase for the price to grow – De Beers came up with a brilliant marketing strategy. They managed to create an image of diamonds as the only possible choice to mark an engagement and the symbol of love: the larger the diamond, the stronger the love. The famous slogan for their marketing campaign – “A Diamond Is Forever” – was created in 1948. Today, 70% of all brides receive a diamond engagement ring.
6. Less than half of all the diamonds mined in the world every year are of gem quality, the rest are known as near-gem quality and industrial quality diamonds. Only gem quality diamonds are used in jewellery production.
7. The world’s only diamond mine open to the public is the Crater of Diamonds State Park in Arkansas. Here, tourists and mining enthusiasts can search for the gems free of charge.
8. Even the most expertly cut diamonds remain less than 50% of their rough weight.
9. Figures from Bottom Line Personal show that over the last 20 years, only two types of collectibles have stayed ahead of rising inflation – stamps, at the average annual return of 9.1% and diamonds, at 7.9%.
10. The top diamond producers in the world today are Botswana, Russia, South Africa, Angola, Namibia, Australia, and Zaire.
So now you know how to be an expert in diamonds!