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Why Are Diamonds So Expensive?

| 3 min read

There is no denying the elegance and beauty of Diamonds. Diamonds add a touch of decadence and luxury to all they adorn, and they’re renowned the world over for their style and sophistication.

With that being acknowledged, it’s fair to say that they’re also incredibly expensive. Although most of us accept the high price tag, those who’ve taken the time to wonder why have likely realized that they’re not sure of the answer.

Diamonds are one of the most expensive gemstones in existence. So, you might imagine the reason they cost so much is due to rarity, but this is not the case. Rather, Diamonds are the most commonly found precious stone in the world.

So what is it that bumps up their price tag?

Most Diamonds are not suitable for use in Diamond jewelry.

Why Do Diamonds Cost So Much?

Diamonds can be quite expensive, and can sometimes require a hefty investment.

If you want to understand why Diamonds cost so much to buy, it’s important to realise that not all precious gemstones are created equal. Meaning that while Diamonds, on the whole, are plentiful, those that are suitable for use in Diamond jewelry don’t crop up all that often.

Most of the Diamonds mined are not a passable size or quality to use for anything but industrial purposes, where their appearance doesn’t matter. As a result, the majority of the stones harvested are prized for something other than their beauty.

The quality that sets them apart is their hardness. Diamonds are the toughest material on earth, and this means they have plenty of uses besides looking pretty. Many lesser stones are turned to these other purposes, meaning those used in the Diamond jewelry industry are the best around.

Consequently, they’re highly-prized and highly-priced.

Why Are Diamonds So Pretty?

It takes time to make a Diamond piece breathtaking, a lot of effort goes into the finishing product.

Although the Diamonds used in Diamond jewelry are the pick of the bunch, they must go through a long and arduous process before they look the way we expect them to. Once a Diamond has been found at a suitable carat weight, color, and clarity, the hard work begins.

Transforming the stone takes place above ground. It must make its way to a specialist who’s able to turn the rough stone into the Diamonds you’d find in Diamond rings, Diamond bracelets, and other forms of jewelry. Not only does this work require a great deal of expertise and craftsmanship, but it relies on modern technology and costly equipment too.

Even after the Diamonds have been cut, there is still polishing to do before it can be mounted and set in Diamond jewelry. Which means the overall process has some significant overheads attached.

Diamond Jewelry Dazzles Us

Diamond jewelry as a finished product is dazzling.

The rarity of high-quality gemstones and the complicated preparation process are the main reasons why Diamonds cost so much to buy. However, there is a little more to it: Diamonds have been cherished since time immemorial.

Beloved for their beauty and the luxury they symbolize. Diamonds carry such a hefty price tag mainly because we love the way they look and are willing to pay a premium in order to own them.

Here at Gemporia, our mission is to make gemstones, including Diamonds, more affordable - and without compromising on the quality. You can start your Diamond journey by browsing our wide range of Diamond jewelry designs. Just click the the button below.

AFFORDABLE DIAMONDS