2006-07-30 05:41:23 · 12 answers · asked by Anonymous in Education & Reference ➔ Teaching
Variety of reasons
Demand & Supply. Nearly all diamonds are controlled by one Company in South Africa. They control the flow.
They are also unique in their hardness and beauty.
2006-07-30 05:46:46 · answer #1 · answered by Elizabeth 3 · 0⤊ 0⤋
Supply and demand usually dictate value. Diamonds are rare and take thousands of years to form under the pressure of the earth's, surface.
Chow!!
2006-07-30 17:43:46 · answer #2 · answered by No one 7 · 0⤊ 0⤋
you're mostly paying for the person who cuts the diamond. there are very few skilled jewelers so they can charge a lot for their service. there's enough raw diamond in the world that it should be very cheap but no one wants a raw diamond. they want pretty rose cuts and stuff like that. industrial diamond (used in drill bits mostly) is abundant and not terribly expensive. so you're paying for the service. not the stone itself.
2006-07-30 12:45:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Because of women, their vanity and their Marriage customs, which cannot be bent. Try using a ruby ring to ask your true love to marry you and see what happens.
And so you have diamonds that cost more than cars, and african people who get killed mining them for $4 a day.
2006-07-30 12:47:55 · answer #4 · answered by whytedunker1 1 · 0⤊ 0⤋
"Diamonds are a girl's best friend." That's why lol.
2006-08-03 09:15:49 · answer #5 · answered by VelvetRose 7 · 0⤊ 0⤋
It's because of the trouble people go to in order to extract it.
It's not exactly lying around under leaves, you know?
2006-07-30 12:46:07 · answer #6 · answered by Andi Rolf 5 · 0⤊ 0⤋
Because they are beautiful, and rare. Although not as rare as most folks think. DeBeers strategicly stockpiles them.
2006-07-30 12:47:36 · answer #7 · answered by kurticus1024 7 · 0⤊ 0⤋
Again, repeat after me : Because they are rare
2006-08-03 00:38:22 · answer #8 · answered by Totoru 5 · 0⤊ 0⤋
Becoz it is very rare and is extremely beautiful
2006-07-30 12:46:02 · answer #9 · answered by ash_m_79 6 · 0⤊ 0⤋
Because we make it so. Law of supply and demand.
2006-07-30 12:44:49 · answer #10 · answered by McDreamy 4 · 0⤊ 0⤋