By Kris Sayce – Port Philips Insider (Australia) –
Diamonds are a fascinating subject. Even the cheapest jewellery-grade specimens go for hundreds of dollars. The most expensive fetch millions.
The Blue Nile website, which apparently provides a reputable online market for diamonds, lists its cheapest diamond at AU$353.
For that, you’ll get an emerald-shaped, 0.3 carat, ‘Very Good’ cut, ‘E’ colour, with ‘Slightly included’ clarity.
When you put it like that, it doesn’t sound so appealing to own a diamond.
But, if you’ve got a little more to spend, say AU$12,948, how about a princess-shaped, 0.92 carat, ‘Signature Ideal’ cut, ‘D’ colour, ‘Flawless’ clarity diamond?
That sounds a little more like it.
Many folks will argue that diamonds make a great alternative to gold in terms of owning a ‘hard asset’. As you no doubt know, few substances are harder and more durable than diamonds.
That’s a positive…and a negative.
One of the reasons why gold and silver are historically so popular, as a form of money, is down to their divisibility. It’s literally quite possible to cut or reshape a gold or silver coin without creating any unusable, cast-off material.
That isn’t so with a diamond.
For a start, you can’t just take a hacksaw, or a strong pair of clippers, to a diamond. Sawing diamonds requires specialist machinery — a superfine bronze blade, with a diamond and oil coating.
You’ve probably heard that the only thing strong enough to slice through a diamond is another diamond. Strange, but true.
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