What makes diamonds so precious? They are valued beyond just the sentimentality of a wedding ring, and these precious stones have long been prized for their beauty and usefulness. First discovered about 500 B.C. in India, diamonds were soon recognized as ornamental precious stones and began to be used in jewelry. Today, they are viewed as a symbol of eternal love and devotion.
Among their many fascinating attributes, diamonds are primarily the hardest naturally occurring mineral known to man. Diamonds are so hard that they can be used as a tool to cut other diamond jewelry—yet another reason why these precious stones are so invaluable to the jewelry industry. Their rarity should not be overlooked; it is often said that the reason for the high value of diamonds and diamond jewelry lies in their rarity. They are believed to be 120 times rarer than gold. Although diamonds are mined in huge quantities, with increased production over the years, it is estimated that as little as 350 tons have ever recorded being mined.
Another factor adding to the rarity of diamonds is the strict marketing control that keeps check on the amount of the diamond jewelry allowed to reach the market, which affects the cost. This control is similar to the supply and demand strategy used to market oil worldwide.
Notwithstanding these external factors and logistics, in terms of sheer beauty, diamond jewelry can truly stand their ground, making them the giant among their competitors. Similar to other precious stones, the value of a diamonds depends largely on their purity. That means they should be free from imperfections such as pores, cracks and spots of uncrystallized carbon. Truly valuable diamond jewelry will have all of the attributes assigned by the Gemological Institute of America (GIA), that is, the four C’s: color, cut, clarity and carat. The higher the score in these categories, the more valuable your treasured wedding ring will be. Diamonds come in many colors, shapes and sizes. Yellow and brown are the most common. Colored diamonds, such as pink, black and blue [11: blue diamond] are very rare, with red diamond being one of the rarest.
So, the next time you go shopping for jewelry, whether for a tennis bracelet or a wedding ring, you should research your options carefully and view your purchase as any other financial venture. Choose carefully; jewelry should remain as timeless in value as it will in beauty.