2007-04-24 08:21:16 · 12 answers · asked by geronrocks1 2 in Science & Mathematics ➔ Earth Sciences & Geology
The logic is that anything which is easy to carry, has longer life span & well accepted all over the world can be made precious. Its all speculation of demand & supply. If all the diamond available in international market & reserves are sold out in the market then your question becomes your answer, yes they will be as cheap as gravel.
On the contrary, if you stock all the gravel in the world & start marketing it like ornaments it would substitute the diamond, because you created shortage > followed by international acceptance > desperate demand. In nutshell, demand created at a given time of a particular object evaluates its market price.
2007-04-24 08:38:58 · answer #1 · answered by lucky s 2 · 1⤊ 1⤋
Diamonds are not nearly as common as gravel. Gravel consists of mixtures of crushed rock, of any type. Therefore, there is no single rock or mineral that is as common as gravel (by definition).
Of course, diamonds are not nearly as rare as the diamond companies would have us believe. They stock pile them to drive the prices up. They take advantage of people's ignorance about what they are and where they come from. They use marketing, advertising tricks, and propaganda to make people think that they are special or rare, or that you need to spend some percentage of your salary to buy one, which is ridiculous. How many times have you heard, "Diamonds are a girl's best friend" or "A Diamond is forever?" Brainwashing. Propaganda.
Of course, the reality is that they are worth whatever people will pay for them.
My suggestion: don't give in, don't believe what they say, don't be a sucker and buy into the sales pitch, don't conform.
2007-04-24 09:04:09 · answer #2 · answered by asgspifs 7 · 1⤊ 1⤋
If diamonds were really as common as gravel, then why don't you have a diamond mine in your backyard? I bet if you dug deep enough, you would find a lot of gravel, but no diamonds.
2007-04-24 08:40:29 · answer #3 · answered by Randy G 7 · 2⤊ 2⤋
They are not as common as gravel, the flawless diamonds atleast. Hence the value. And in many societies, the assigned or percieved value is different from the cost of production.
2007-04-24 08:25:02 · answer #4 · answered by Swamy 7 · 1⤊ 2⤋
It's supply and demand. The demand is high, and the diamond companies keep them behind closed doors and therefore the supply is low which makes them valueable. I personally don't like diamonds, I prefer a pearl, ruby or sapphire.
2007-04-24 08:29:58 · answer #5 · answered by Fivens 3 · 1⤊ 1⤋
on the instant's technologies is in a position to offer all forms of "gem stones" that are puzzling to visually distinguish from clearly formed gem stones different than by making use of experts with microscope. How lots is a peace of rag stiched at the same time by making use of"time-honored" dressmaker well worth?
2016-10-03 12:18:39 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Where did you get the idea that diamonds are as common as gravel? Not in my driveway!
2007-04-24 08:31:50 · answer #7 · answered by Renaissance Man 5 · 2⤊ 3⤋
They are of course very rare. They have an adamantine luster which makes them exceedingly beautiful. They are the hardest known natural substance which makes them exceeding useful to industry. They are symbolic of weddings and wealth which drives up their price. They are sold nearly exclusively by De Beers which has a near monopoly which drives up the price. It is very expensive to synthesize them.
2007-04-24 09:28:01 · answer #8 · answered by JimZ 7 · 0⤊ 1⤋
Its the diamond industry that makes us believe this fantasy.
2007-04-24 08:29:11 · answer #9 · answered by Anonymous · 1⤊ 1⤋
because they are not as common as gravel
2007-04-24 09:50:50 · answer #10 · answered by Hzl 4 · 0⤊ 2⤋