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Fine Art Online Auction | Masterpiece.auction

Fine Art Online Auction

DescriptionThis Summer collection, we present our latest timed-auction of South Asian, Chinese, Modern and Contemporary Art from 8 to 27 September 2022 7.30 pm (UTC+7)Preview... show more

Whats Makes Diamonds so Valuable?

Sep 06, 2022

 

No doubt why diamonds is so expensive. Here are few real reasons why diamonds are valuable :

- Diamonds are valuable because they cost a lot to bring to market, there’s a limited supply of fine quality gems. With this limited supply, people around the world will need an extra effort to have it. Supply and demand theory.

- Diamonds value is likely due to diamond’s natural strength and unique visual appearance in combination with its relative rarity. Even a low-grade gem quality diamond is still a thing of value and beauty.

- What’s interesting about it, that is took only one group of companies to tweak the history of diamond and their value, so much so that this solidified their high selling price in the market up to the present day. It all started with a unique strategy created by De Beers.

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