They say diamonds are a woman’s best friend! Lusted after by millions, this precious gemstone is extremely fascinating to study. It epitomizes beauty and one can simply keep gazing at the facets throwing off rainbows magnificently when exposed to light. One single glance at a freshly cut diamond can send any mind into a frenzy, due to the sheer inexplicable beauty of this entity. Known to breed jealousy and awe in equal proportions, diamonds are owned only by an elite section of the society which can afford to indulge in such extravagance. Of course, diamonds also serve the purpose of showcasing one’s status in the society. Having a million uses to its credit, it can easily feature on the list of the most desirable items in the world.
Why are diamonds so rare? :
It is quite interesting to note that diamonds are fundamentally just carbon atoms stacked up in the most extraordinary manner. But if it were as easy as it sounds, we would have diamonds rolling off the shelves of every store, at the prices of grocery. The sole factor that makes the formation of diamonds as difficult and rare as it is, is the process required for the same. A very specific combination of high pressure and low temperature is required and this unique setup is seen only at two places: the mantle beneath the stable tectonic plates of the continents and meteoric sites. The latter is a very rare occurrence which explains why diamonds are as precious as they are. The hot magma of a volcanic spot generally transports the rocks which house the diamonds, to the surface. This goes on to form deposits and only the viable mining spots amongst these contribute to the diamond industry.
Apart from being a popular jewelry item, diamonds have earned the reputation of being the hardest natural material found in the world. This property is a highly valued one in several scientific and industrial applications. Hardness depends on a variety of factors like the orientation of the crystal, its purity and perfection. Due to this hardness, diamonds retain their polish and shine for longer periods of time. Diamond cutters use their property of toughness to cleave stones while the field of material sciences uses diamonds extensively for hardness testing. Diamond anvil experiments require high pressure working conditions and diamonds are the only entities that can withstand phenomenal pressures like that. Electrical conductivity, chemical stability, thermal conductivity and a number of other properties add to the appeal of this rare gemstone.
The diamond industry:
The twin pillars of the diamond industry are gem-grade diamonds and industrial-grade diamonds. Selling diamonds which are gem-grade is fairly easy due to the presence of a well-established market and a humongous demand for polished, exceptionally beautiful diamonds. One of the largest mining companies in the world of diamonds is the Be Beers company and it has ruled the roost ever since it set foot in the industry in 1888. But not all mined diamonds are worthy of being used in jewelry. Industrial-grade diamonds are generally brown coloured diamonds which are useful for applications like diamond-tipped drill bits or for usage as an abrasive. Diamonds have even made a foray into the world of electronics due to their use as effective heat sinks for integrated circuits.
Diamonds are exclusively graded by experts and these grades primarily define the value of the diamond. Grading reports prepared by the laboratories of the Gemological Institute of America or the American Gem Society are given immense credibility. The sale involves listing the diamond and attaching a valid lab report or appraisal to accompany it. Tastefully captured photographs can speak a million words and in the world of digitalization, many forums on the internet can prove to be good judges when it comes to gathering the public opinion. Pawnshops are also a good option but there always lies a risk in conducting business with such people because they are experts who always sniff around for possibilities of a potential profitable deal. Auctions and consignment deals help the seller obtain a better deal than the original selling price whereas immediate payment is a quick method of obtaining cash. The bottom line is that the criticality of the process of selling is directly dependent on the value the item holds.
Diamonds are equivalent to treasure chests and there are many predators waiting to grab a profitable deal in the market. One must always exercise caution and take plenty of secondary opinions before closing a deal with a buyer. After all, letting something as valuable as a diamond go for an unfair price can be distressing and this must be avoided at all costs. Selling diamonds is no child’s play. Just like we encourage children to remain wary of strangers, sellers must remain wary of shady buyers who are thirsty for an easy purchase.