How much of diamond is available? Is this mineral in danger of being all used up?
2006-11-12 06:55:43 · 8 answers · asked by Misha K 1 in Science & Mathematics ➔ Earth Sciences & Geology
Since natural diamond is produced at high presure deep in the earth's crust, and is deposited in kimberlite formations by volcanic pressure, the rate of formation is most likely much much lower tha the current rate of extraction. However, how much diamond is being extracted? The value given to diamond belies its actual commonality; diamonds are not that rare, actually. Flawless diamonds, of gem quality, however, is perhaps a bit harder to come by.
That said, there are a few processes that can produce synthetic diamonds for a fraction of the cost of natural ones. The way to tell them from the natural one is to examine them closely. If they have absolutely no flaw, then they are artificial (as strange as it could seem, the fake ones are better than the real ones).
So in the end, we'll never run out of diamonds, given that we can make our own.
2006-11-12 07:05:14 · answer #1 · answered by Vincent G 7 · 0⤊ 0⤋
I highly doubt it. The DeBeers Co. (which owns most all diamond mines in the world and has strong partnerships with most of the others ) stockpile as many diamonds, if not more, than they sell in order to inflate prices. Also scientists have already found a way to create "real" diamonds in a lab.
2006-11-12 07:05:12 · answer #2 · answered by Nicole G 2 · 0⤊ 0⤋
Like those mentioned above, Debeers has controled the market for a long time, all so there is a new discovery in Canada that has shaken the market some, and then the company in Florida that makes diamonds, but the price still keeps up..
2006-11-12 09:02:27 · answer #3 · answered by xyz 6 · 0⤊ 0⤋
we have not used even a small percentage ( the problem is economic - accessibility and cost )
contrary to what De Beers would like you to think they are not all that expensive to mine either it is the ultimate example of a monopoly keeping prices high it would be one of the cheaper gemstones if it was priced based on cost only
as an aside this has caused an amazing change in society - the poor groom saving for the ring - in the past the reason that diamonds were the traditional stone was they were cheap and easy to come by compared to say emeralds
2006-11-12 07:00:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Diamonds come from Africa (among other places)............and as far as I know, judging from the price, it's not even close to being used up. When the price skyrockets, then worry.
2006-11-12 07:03:44 · answer #5 · answered by FireBug 5 · 0⤊ 0⤋
Pffft! No! Diamonds are made from coal which the earth is constanly creating.
2006-11-12 09:34:49 · answer #6 · answered by bria. 3 · 0⤊ 0⤋
i know the dark diamond is the pitrole
2006-11-12 07:15:12 · answer #7 · answered by Adel 1 · 0⤊ 0⤋
Diamond are forever!
2006-11-12 07:05:48 · answer #8 · answered by usarora1 3 · 0⤊ 0⤋