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Samson Soturian
Business Insider
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Why Benitoite Gemstones Are So Expensive | So Expensive | Business Insider" video.
A curious remark, since people who buy jewels prefer the rarest stones.
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@kyleucarer4471 from what I understood it cost more to create artificial diamonds than they're worth. I.E. a barrel of explosives can create a few dollars worth of microscopic diamonds.
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@kyleucarer4471 you seem to confuse artificial scarcity with high demand. And diamonds are rare in that you have to sift through tonnes of material just to find a pea sized gem.
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@nobody6032 a google search and back of envelope math says the world produced roughly 25 tons of diamonds a year, with only 20% going into jewels and 25 billion pounds of materials mined to find them. That's rare by any standard, but there are rarer gems.
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@kyleucarer4471 size matters with diamonds. Large gems are rarer, but don't press me further as I am not a geologist
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@michaelzlprime often true, but that doesn't mean there's no market for it
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@ricknaughty1016 only the shiniest diamonds are used for jewelry. The hardest diamonds are used for special cutting tools
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TL;DW IT'S SHINY!
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