Are Diamonds Still as “Luxurious” as We Think?

Diamond – a name that is no longer too unfamiliar to us. It is considered a precious gem from the depths of the earth. Because it is born from beneath the earth under the harshest, most extreme conditions. That has made diamond a perfect mineral. With extremely high hardness and excellent light refraction ability. Therefore, diamond has always been associated with value, class, and sky-high prices. In recent years, the number of diamonds sold and the number of people owning them has increased more and more, so the question arises, “So is diamond really as luxurious as we often think?” To answer this question for yourself, please refer to the information that Jemmia brings to you.

How are diamonds formed?

Diamonds are formed in places with very high temperature and pressure. On Earth, diamonds can exist anywhere, because at a certain depth, sufficient temperature and pressure will create diamonds. Specifically, on continents, diamonds begin to form at a depth of about 150 km. Where the pressure is around 5 gigapascals and about 1200 degrees C (2200 degrees F). In the oceans, forming diamonds requires even higher temperature and pressure conditions. As pressure and temperature gradually decrease, the diamond also gradually grows larger.

On the other hand, large diamond reserves are also found in extinct volcano craters. Because volcano craters have high pressure and temperature, changing the structure of crystals underground. However, it takes about 3.5 billion years for a diamond to form in nature.

Why are diamonds so expensive?

In reality, scarcity is not the main reason for the high price of diamonds. Rather, they are expensive because mining requires high costs and is affected by monopoly. In addition, there are issues related to the legality of this gemstone.

In previous years, the mining industry faced many challenges. In particular, diamond mining was very difficult and expensive. Because the huge ores after extraction needed to be removed and processed for recovery. Most diamond mines are concentrated in Africa, Australia, or the frozen terrains of Canada, Siberia, etc. These are all harsh remote areas with dangerous terrain. Therefore, diamonds became rare valuables and a luxury hobby of the upper class.

In previous years, De Beers held a monopoly over the market and controlled the flow of diamonds. They only released diamonds according to plan, just enough to meet the demand of hundreds of people. Limited supply and increasing demand for ownership made diamonds extremely rare and valuable. But in reality, diamond prices are very easily affected by external factors. This could be clearly seen in early 2008, when diamond prices began to rise rapidly. This increase was, at least in part, driven by global economic factors.

By 2011, diamond prices quickly surged. The fluctuation margin was 21.9%, an unprecedented leap not seen since the 1980s. For example, in the early 2000s, diamond prices were only around 15,100 USD/carat. However, the global economic recession accelerated diamond prices to 24,500 USD/carat.

From ancient times until now, diamonds have always been a valuable item favored by people. However, with their expensive price, only a few wealthy people could own them. When it comes to diamonds, owning one was truly out of reach. They belonged only to billionaires, major investors, or the upper classes.

Are diamonds still luxurious?

If you also love diamonds and want to own one, the good news is that you absolutely can. The diamond trading market has developed strongly in recent years. According to statistics, about 10,000 new customers a year show strong market growth as well as growing demand for diamond ownership.

According to well-known diamond traders, diamonds are no longer an overly luxurious item, and the customer base that can own them is expanding.

For those with fairly good incomes, they can own 1 ly diamonds, 2 ly. The middle class, people with stable finances, buy 3–4.5 ly sizes. Those who are well-off buy sizes above 5 ly. Premium diamonds and colored diamonds are for successful entrepreneurs.

Nowadays, the diamond jewelry market is booming with different price levels. For the same size, prices can vary quite a lot; if you know how to buy wisely, you can buy it at a lower price or even at half the price.

For natural diamonds, internal blemishes such as a little carbon, bubbles, or small impurities are difficult to avoid. However, they are not easy to recognize with the naked eye, unless viewed under a specialized magnifying glass. In general, they are still very beautiful and sparkling, no less than pure diamonds. They can be used to make jewelry like other high-end items. But the price is no longer too expensive, and you can still own one easily.

Diamonds are no longer an overly luxurious jewelry hobby, as today’s market has many customer groups that can own them.  Diamonds are considered an investment that never loses value. You can absolutely sell them while still preserving your initial investment, and currently this is an investment channel attracting many customers.

You should have a more open view of diamonds, that this is not an overly luxurious item. Rather, it is a wonderful piece of jewelry as well as a durable and priceless investment.

Jemmia Diamond – A reputable place to buy diamonds

JEMMIA DIAMOND is a diamond expert, a company authorized by the Gemological Institute of America GIA to import and distribute genuine GIA-certified diamonds. Therefore, diamonds purchased at Jemmia always have clear origins, guaranteed quality, world reputation, and global value.
Jemmia natural diamond price list is the most competitive on the market, along with attractive buyback and exchange policies, so come to JEMMIA DIAMOND today. We believe that our experienced consulting team will help you choose the diamond that best suits you.

Customers choosing to buy diamond jewelry at Jemmia Diamond House, address: 72 Nguyen Cu Trinh, Pham Ngu Lao Ward, District 1, Ho Chi Minh City

For any questions, please contact us:
Showroom system: OPEN 9:00 AM – 9:00 PM (including Sundays and holidays)

• Ho Chi Minh City: 72 Nguyen Cu Trinh, Pham Ngu Lao Ward, District 1
• Hanoi: 63 Kim Ma, Ba Dinh District

Hotline:

• HCM Branch: 0838 353 333 (press 1)
• HN Branch: 0838 353 333 (press 2)

Jemmia Diamond – Diamond expert – 100% imported unused GIA diamonds

– Jemmia Diamond's GIA diamonds have clear origins and come with international GIA certification.
– 100% are new, unused diamonds. Because Jemmia Diamond always wants to bring happiness, luck, and the greatest value to customers when selling new, unused diamonds.
– Good-priced diamonds at super reasonable prices; wherever the price is good, our price is better.

Letter from the Gemological Institute of America GIA confirming that Jemmia is an official importer and distributor of genuine GIA diamonds