Why Are Diamonds so Expensive?

Answer

The value of diamonds depends on the colour, cut, carat and clarity which are known as the four C?s. They are considered to be expensive because of the supply and demand theory.
Q&A Related to "Why Are Diamonds so Expensive"
This question was first proposed by Adam Smith (philosopher) in his famous diamond/water paradox: Why are diamonds so damn expensive when they have such little use?! Smith originally
http://www.quora.com/Diamonds/Why-are-diamonds-so-...
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
Diamonds are expensive because they are the rare results of years a...
http://www.chacha.com/question/why-are-diamonds-so...
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...
4 Additional Answers
Diamonds are expensive chiefly because their supply in the market is highly regulated even though their production is high. In addition, diamonds are highly in demand and this makes their price rise to be high.
Diamonds are so expensive because of the hardness, clarity, and beauty of the gem. They aren't as rare as other types of gems, but there is a limited number to any natural gemstone, which keeps the price high.
Diamonds of a high quality are expensive because they are harder to find. Another reason for the expense of diamonds is that there is a high demand for them.
Diamonds are so expensive because of how hard it is to find them. They are also difficult to cut and polish as they are very hard minerals.Diamonds are very precious stones. You can find more information here: www.jewellerycatalogue.co.uk
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