Is Diamond Really Valuable?

Diamonds are not particularly rare. In fact, compared to other gemstones, they're the most common precious stone found. ... Therefore, rubies, emeralds and sapphires are much rarer and, in turn, far more expensive than diamonds. MYTH #2: The bigger the diamond, the more it costs.

Are diamonds actually worth anything?

The price of diamonds fluctuates in the economy just like any other high-end good. Sometimes diamonds increase in value, while other times they decrease. Regardless, pre-owned diamonds sell for slightly less than their original prices. In most cases, a diamond has a resale value of 20-60% of the original price paid.

Are diamonds really worthless?

Diamonds are intrinsically worthless: Former De Beers chairman (and billionaire) Nicky Oppenheimer once succinctly explained, “diamonds are intrinsically worthless.” Diamonds aren't forever: They actually decay, faster than most rocks. Diamonds can bring injury: Yes, the diamond trade creates jobs.