Popularity of diamonds has risen since the 19th century because of successful advertising in spite of a greatly increased supply. Diamonds are not normally used as a mainline store of value during times of crisis, because of their lack of fungibility and low liquidity. However, they may still be useful during times of hyperinflation.
Approximately 30% of mined diamonds are used in jewelry and 70% for industrial uses (such as lasers, drill parts and surgical equipment).[1]
Chemical vapor deposition is now used to produce synthetic diamonds which, unlike diamond simulants, inherit all the properties of gemstones formed in nature.
The highest returns seen in the diamond investment market have come from Pinks, Yellows, Blues and Greens. Some colored diamonds have doubled in price in recent years. This is due to a increase in demand and a massive decrease in supply. The Argyle Mine in Western Australia is the world's largest producer of colored diamonds, and the Rio Tinto Group has announced its closure in 2016-2020.
No comments:
Post a Comment