Are Diamonds Still "Luxurious" As We Think

Diamonds are no longer the exclusive privilege of billionaires but have become a piece of jewelry and an investment channel accessible to many classes thanks to the diversity of price segments. Although formed under harsh conditions for billions of years, the modern diamond market has become more open, allowing people with decent incomes to own stones from 1-3 points, while investors focus on stones over 5 points to preserve assets. This article by Jemmia will help you clearly understand the intrinsic value of diamonds and how to own them in the smartest way.

How are diamonds formed?

Diamonds are the result of carbon crystallization under pressure of about 5 gigapascals and temperatures above 1200°C at a depth of 150km deep within the earth. It is the hardest mineral on the planet with perfect light refraction, requiring an average of about 3.5 billion years to form naturally before being brought to the surface through volcanic eruptions.

• Continental conditions: Formed at a depth of 150km under ancient ore deposits.
• Oceanic conditions: Requires higher temperature and pressure to form a stable crystal structure.
• Formation time: It is the oldest asset that humans can own.

Why are diamonds so expensive?

The high price of diamonds is mainly due to the enormous operational mining costs in harsh terrains and the strict supply control by international organizations. In fact, the value of a diamond lies not only in its scarcity but also in its legality and international certification (such as GIA).

Factors affecting diamond prices

See more: What is IF natural diamond? How much does it cost now?

Are diamonds still luxurious?

By 2026, diamonds will no longer be considered exclusive luxury goods due to the clear differentiation in quality and size suitable for every budget. With market development, the demand for owning diamonds in Vietnam has increased sharply with about 10,000 new customers per year, proving that gemstones have become more accessible.

Smart diamond ownership segments

• Decent income: Suitable for small diamonds from 1 to 2 points for everyday jewelry.
• Middle class: Prefer stones from 3 to 4.5 points, balancing beauty and stable budget.
• Asset holders: Choose stones over 5 points or colored diamonds to assert status.
• Investors: Focus on GIA certified diamonds (e.g., 9.6 points) to ensure liquidity and value retention.

Shopping tip: You can own diamonds at a "softer" price by choosing stones with very small inclusions (few carbon bubbles) that are invisible to the naked eye. They still sparkle perfectly, but the price can be saved by 30-50% compared to flawless stones.

By 2026, diamonds will no longer be considered exclusive luxury goods due to the clear differentiation in quality and size suitable for every budget

See more: What is the current price of a 9.6 point diamond?

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