Are Diamonds Valuable?
Diamonds may be up to three billion years old; their crystallization occurs 320 miles below the surface of the earth. These crystals work their way to the surface via kimberlite and lamproite pipes. These pipes are cylindrical in shape and act as a conduit from the Earth’s mantle to the continental crust. This gemstone has forever been known for it’s, hardness, invincibility, and superior optical properties. Rarity of the Stones Most people believe diamonds are the rarest thing on the planet and that’s what makes them so valuable. Nothing could be further from the truth. There are enough diamonds in the world to fill a coffee cup for every man and woman on this planet. The actual reason they are so expensive is because strict controls are placed on the quantity of gemstones produced for sale worldwide. This marketing strategy is very similar to the world wide marketing of oil: they limit the supply to keep the prices high. De Beers was founded in South Africa in 1888 and today is the l
