Investing in diamonds: 10 fascinating facts

Investing in diamonds is a rather recent phenomenon. However, with history of billions of years, the facts and stories about the origin, the discovery and the worldwide fascination of diamonds is numerous. We sum up 10 facts. 

Fact 1

The word “diamond” came from the Greek word “Adamas’”which means “invincible and indestructible” and is the perfect name for the hardest natural substance on earth.

Fact 2

The earth is 4.5 billion years old and the oldest diamonds are crystallized about 3.3 billion years ago.

Fact 3

Diamonds were originally found in mines in India, Brazil, South Africa, Angola, Botswana, Namibia and Congo. Meanwhile, they are also being mined in Australia and Russia.

Fact 4

It is most common that diamonds are set in jewellery or used as an investment, but the majority (about 80%) of mined diamonds is used for industrial applications.

Fact 5

In order to produce one carat, 250 tons of earth needs to be mined. This gives us a clear indication of how precious and rare diamonds are.

Fact 6

The first man who asked his beloved to marry him with a diamond ring was Archduke Maximilian of Austria, who popped the question to Mary of Burgundy with a ring set with thin, M-shaped diamonds.

Fact 7

Diamonds are formed about 200 kilometers below the earth’s surface and then pushed upwards.

Fact 8

The Cullinan diamond is the largest diamonds ever found, which weighed 3106 carat.

Fact 9

There are indications that trading and investing in diamonds existed already in 400 B.C. In the 1st century, a Roman naturalist said: “Diamond is the most valuable, not only of precious stones, but of all things in the world”.

Fact 10

During the Middle Ages, people believed that diamonds had healing powers and that they could cure various ailments like fatigue or mental illnesses.

If you want to invest in diamonds, BAUNAT DIAMONDS will inform you about the professional investment options and sales opportunities.

Author: San Meuleman

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