2006-07-14 18:23:48 · 20 answers · asked by JDM 1 in Social Science ➔ Psychology
We've all been brainwashed to believe that they are valuable.
2006-07-14 18:32:02 · answer #1 · answered by Direktor 5 · 0⤊ 0⤋
i've read about this, A DIAMOND is not valuable because it's rare, it is valuable because it can last forever if it's well taken care of. Man! we have so much diamonds to give each and everyone around the world their own.:)
2006-07-15 01:29:27 · answer #2 · answered by elizabethaneratwine 2 · 0⤊ 0⤋
demand...sort of. those who control the diamond industries (there are very few) are able to determine the market price of a diamond. Yes diamonds are rare to an extent, but they could also be a lot more widely available if the powers that be decided, but that of course would make less money for the people at Zales. Mmmm capitalism
2006-07-15 01:29:04 · answer #3 · answered by The Snake 2 · 0⤊ 0⤋
Becuase of the lack of supply on the open market. Debeers owns 90% of the worlds legal diamonds. They have warehouses in the U.K full of diamonds, but they only sell so many so they can keep the price artifically high. They are a monoploy. Industrail diamonds are very cheap, but since they are not natural they do not have the same allure.
2006-07-15 01:29:32 · answer #4 · answered by aaronmk2 3 · 0⤊ 0⤋
Broadly speaking, because the diamond cartel monitors how many diamonds are mined yearly.
This guarantees that the demand will exceed the supply.
H
2006-07-15 20:34:56 · answer #5 · answered by H 7 · 0⤊ 0⤋
the answer is because diamonds take SO long to actually turn to diamonds. the stage from coal to diamond takes up to CENTURIES to actually phase into being an actual diamond.
2006-07-15 01:29:29 · answer #6 · answered by ashleyISblonde 2 · 0⤊ 0⤋
They are rare. I don't believe it. I know for every one time you buy a diamond someone died in Africia to get that diamond. So I like cyrstal better
2006-07-15 01:27:07 · answer #7 · answered by song no one singz 2 · 0⤊ 0⤋
Every rare beautiful thing is valuable
2006-07-15 02:00:54 · answer #8 · answered by hero_with_zero 2 · 0⤊ 0⤋
i've always wondered that
im not sure
i guess because people think they are beautiful and they want to wear them
and maybe it has something to do with how it takes like 1000 years or something to turn coal into diamond
2006-07-15 01:25:59 · answer #9 · answered by um yea hi 4 · 0⤊ 0⤋
it is the only jewel that can glitter and sparkle in the dark and it can cut glass. The rest that the other people said is true too. The more carats the more its worth.
2006-07-15 01:30:35 · answer #10 · answered by itsme 3 · 0⤊ 0⤋