Diamond speculation (diamond sales)

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List of contents for this article:

• 1、Is diamonds so expensive a scam?
• 2、A hype scam similar to diamonds
• 3、How do diamonds with huge profits sell for sky-high prices? More exaggerated than it is actually...

Is diamonds so expensive a scam?

1. The high price of diamonds is not a scam in the complete sense, but there are phenomena in the market where factors such as artificial control of output and marketing hype raise prices. At the same time, the scarcity of diamonds with special colors also supports high prices. The following is a specific analysis: High diamond prices are related to artificial control of production. Early production was scarce: Before the 18th century, diamond production was scarce and refining was difficult, which made diamonds extremely precious in the market and expensive. Changes in production after the discovery of South Africa's diamond mines: After the discovery of a huge diamond mine in South Africa, production increased significantly.

2. Diamonds are not a marketing scam in the complete sense, but the market price of colorless diamonds is inflated, and its value and price are affected by many factors such as physical attributes, market demand, and cultural identity.

3. Impact of laboratory-grown diamonds Modern chemical vapor deposition (CVD) and high temperature and high pressure (HPHT) methods have been able to produce artificial diamonds with completely consistent physical and chemical properties with natural diamonds, at a cost of only 30%-40% of that of natural diamonds. In 2023, the global laboratory diamond market share will reach 18%, and the natural diamond market will be eroded at an annual growth rate of 20%. Recovery value breakage The recovery price of diamonds in the secondary market is usually less than 30% of the purchase price, which is much lower than the 70%-90% hedging rate of precious metals such as gold.

4. Diamonds are not the biggest scam in the 21st century. This view stems more from doubts about diamond marketing strategies, but its rationality needs to be rationally analyzed from multiple perspectives. The details are as follows: The scarcity and value-based diamonds are expensive first and foremost due to their scarcity. Natural diamond deposits are extremely difficult to find and mine, and require complex processing and design to become jewelry.

5. The high price of diamonds is not a scam. The following is a detailed explanation of this view: Rarity and difficulty of mining: The number of diamond veins in the world is limited, and most of them do not have mining conditions. Even if there are diamond veins, only some diamonds are suitable for polishing into finished products, resulting in a relatively small supply of diamonds. Mining difficulty: Mining diamond deposits is a massive project that requires a lot of manpower and material resources.

A hype scam similar to diamonds

1. Diamonds have been hyped into rare and extremely valuable items, and there are a certain amount of hype. There are many similar scams: Colorful treasure tanzanite: Tanzanite is famous for being used as a gem substitute for the "Heart of the Sea" necklace worn by the heroine in the movie "Titanic". Some unscrupulous merchants took this opportunity to hype it up and promote it as an extremely rare gem, and its price soared.

2. Diamond hype scams include Dzi beads, fried shoes, Tibetan mastiffs, purple clay pots, cultural walnuts, jade live streaming and art crowdfunding. Dzi beads: The Dzi beads market is a mixed market, and counterfeiting is extremely serious. Some illegal merchants have taken advantage of consumers 'mysterious understanding and collection psychology of dzi beads to price dzi beads, which cost only about 200 yuan, to 100,000 yuan or more through false publicity and hype.

3. A common type of hype scam is "natural attribute" fraud: coating cubic zirconia (costing less than 100 yuan) and passing it off as "Russian diamonds" and "South African colored diamonds", using consumers 'superstitions about the origin to increase the price dozens of times. Forge certificates: Counterfeiting certificates from authoritative organizations such as GIA, and labeling synthetic carbonite (Mosanite) with non-existent category names such as "Natural Mosanite".

4. Diamond marketing does have excessive packaging and inflated prices, but strictly speaking, it is not a scam, but a special market formed by using scarcity marketing and emotional premiums. The diamond industry maintains high prices by monopolizing supply (De Beers controls 90% of the world's rough stones), artificially limiting mining volume, and at the same time tying diamonds to love for emotional marketing. The industrial value of actual diamonds is limited, and the recycling price in the second-hand market is usually only 30%-50% of the original price.

5. Artificial gemstone scams similar to diamonds mainly include synthetic mosanite pretending to be natural diamonds, shoddy cubic zirconia, coated gemstones disguising high-clarity diamonds, glass or crystal imitations selling at low prices and high prices, and manual processing of diamonds without marking processing traces and other techniques. Synthetic mosanite impersonates laboratory-grown mosanite (silicon carbide) with stronger fire color than diamond, but different hardness (25) and refractive index.

How do diamonds with huge profits sell for sky-high prices? More exaggerated than it is actually...

1. The sky-high price of diamond sales is mainly due to factors such as Dai Beals 'price monopoly, merchants' high-profit pricing strategy, consumer psychology and market hype. In the jewelry industry, jade articles have more exaggerated profits than diamonds. Some jade articles have a price tag of 100 times and a profit of 10 times.

2. The traditional four major precious colored treasures have more investment value than diamonds. The output is small, the origin is unique, and the increase is stable. If the budget is not enough, you can choose a new origin of precious gemstones, such as Mozambican rubies, Madagascar rubies, etc. The prices are close to the people and have greater room for improvement. But the prerequisite is still good quality. Relatively new gemstone varieties must meet the characteristics of beauty, durability and scarcity to have appreciation potential.

3. Natural rare ores are more expensive, such as Painite, which costs about US$30,000 per carat. Only a few hundred are found in the world, which is a hundred times rarer than diamonds. Taaffeite also ranks among the top gemstones at US$20,000 per carat. It is diverse in colors but extremely difficult to mine.