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The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared ...
In May 2009, a 7.03-carat (1.406 g) blue diamond fetched the highest price per carat ever paid for a diamond when it was sold at auction for 10.5 million Swiss francs (6.97 million euros, or US$9.5 million at the time). [59]
Regent Diamond. The Regent Diamond is a 140.64-carat (28.128 g) diamond owned by the French state and on display in the Louvre, worth £48,000,000 as of 2015. Mined in India and cut in London, it was purchased by the regent of France in the early 18th century.
Market prices for diamonds are in a long, slow, five-year decline and it's causing havoc for diamond producers. Petra Diamonds reported a 10% sales drop in the first half of the year to $425 ...
Diamonds as an investment. An uncut diamond, not showing the prized optical properties of cut and polished versions. Popular brilliant cut. Diamonds were largely inaccessible to investors until the recent advent of regulated commodities, [1] due to a lack of price discovery and transparency. The characteristics of individual diamonds ...
In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. ... Natural diamonds take billions of years to form and are difficult to find ...