Are diamonds forever?

Diamonds are forever. So says the iconic DeBeers quote, but it is missing one word: diamonds are not forever (as this YouTube video shows), just forever expensive. Recently Bonhams sold a 5.3 carat fancy blue diamond for $US9.5m, or $US1.8m per carat – breaking the previous record of $US1.68m per carat. Source: Bonhams This ridiculous price is because blue diamonds – especially those above 5 carats – are extremely rare. One carat is equal to 200mg, so the price works out at about $9m per gram of carbon. With that much money I could buy 175kg of gold, sponsor 12,000...

Diamonds are forever. So says the iconic DeBeers quote, but it is missing one word: diamonds are not forever (as this YouTube video shows), just forever expensive.

Recently Bonhams sold a 5.3 carat fancy blue diamond for $US9.5m, or $US1.8m per carat – breaking the previous record of $US1.68m per carat.

Blue Diamond Source: Bonhams

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