Why are diamonds so expensive?

Answer

Diamonds are expensive because the supply of diamonds on the world market is restricted by DeBeers. The price of diamonds would be much lower if the supply were not artificially suppressed.

Among gems, diamonds are the most common "precious" stones on Earth. The perceived value of diamonds is the result of a restricted supply and savvy marketing by DeBeers. Prior to the 1870s, diamonds were rare, but the discovery of African diamond mines changed that. DeBeers enlisted Hollywood stars in the 1930s to spur demand among the general public for its newly discovered surfeit and developed the slogan "A Diamond is Forever," which is still in use more than 80 years later.

Q&A Related to "Why are diamonds so expensive?"
Because of supply & demand. And also due to one of the most successful marketing campaigns in history. This was largely orchestrated by De Beers, and included product placement
http://wiki.answers.com/Q/Is+diamonds+expensive
In general, the cost of producing Synthetic diamonds is still very high especially colorless ( or white) diamonds. Do not mistake this for simulants. . A very good article was just
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A diamond is so hard because of it's chemical makeup.The way the atoms in the diamond form a link is what makes it so stable and rigid.
http://www.ask.com/web-answers/Science/Chemistry/w...
The De Beers company was founded by Cecil Rhodes in 1880. Rhodes managed to buy several claims to diamond mines in South Africa until he owned the majority of them and was able to
http://www.ehow.com/about_7229756_diamonds-relativ...
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