Is Diamond a ‘Rare’ Stone
                     Is Diamond a ‘Rare’ Stone?
•  Source - https://medium.com/@joyari/is-diamond-a-rare-stone-2b93b9f51d6
• What comes to your mind when you think of “Diamonds”? I’m sure you 
would associate words like expensive, precious, valuable & even rare. 
But are diamonds really rare? Let’s check out the myths surrounding 
diamond & find out what makes it the most treasured stone.
• ★ Diamonds are costly owing to the scarcity
• Well if you compare diamonds with other precious stones, diamonds 
are the most commonly found precious stone. The cost per carat of a 
gemstone is determined by its rarity. Therefore other precious 
gemstones like ruby, sapphire, emeralds are much rare and turn out to 
be more expensive than diamonds.
Is Diamond a ‘Rare’ Stone?
• ★ Cost of a diamond depends on 
its size
• They say the bigger the diamond, 
the higher its price. But the size is 
just a single factor in calculating 
the value of a diamond. The cost of 
a diamond works on the principle 
of “Four C’s” namely carat, clarity, 
cut & colour. A 10-carat diamond 
might look big but might be worth 
a small-sized diamond if its clarity 
is low.
Is Diamond a ‘Rare’ Stone?
• ★ The price of a diamond is inflating due to depletion
• The reserve of the colourful diamond is depleting continuously but the 
supply of white diamond isn’t at any risk. Diamonds were hard to find 
initially, but now with the help of extensive technology more mines have 
opened up increasing the global supply of diamonds with Russia being 
the top supplier.
• What makes a diamond a prized-possession?
• The word diamond has been derived from the Greek word “Adamas” 
which means “unconquerable”. Diamonds were formed 900 million years 
ago but were discovered in India in 4th century BC & transported mostly 
to other countries. Until the 15th Century, only the kings were allowed to 
wear diamonds due to its endurance, brilliance & ability to refract light.
What makes a diamond a prized-possession?
• However, in the 1800s, a massive diamond mining operation was started in 
Kimberly, South Africa when massive reserves were unearthed. This helped in 
increasing the global supply of diamonds but decreasing its value. With this other 
gemstones like rubies, emeralds and other coloured stones became more popular 
as the diamond was losing its rarity.
• In 1880, De Beers consolidated mines controlled the diamond supply & maintained 
a strict watch on the global diamond supply and released limited diamonds only to 
meet annual demand, thereby creating an illusion that diamonds were rare. With 
limited supply, the price of diamonds inflated again. De Beers had dominated the 
global market of diamonds for years but with the discovery of more mines all 
around the world made diamond the most sought after gemstone.
Joyari
• The ancient Greeks believed that the radiance of the 
diamond reflects the ‘undying flame of love’. This 
stands true as the diamond is more than just a 
beautiful gemstone, it’s a symbol of love & 
commitment. This dazzling and captivating stone 
surely leaves us to spellbound to this day with its 
enthralling beauty. Keeping the demand in mind, now 
few players are selling diamond jewellery online. 
That means you can buy diamonds from your home, 
office or even while travelling in just a few clicks.