Mini Cart

People often think that diamond mines must make a fortune from the loose diamonds they mine. They think that the profits from uncut diamonds must be massive. The reality is more different.

Did you know that 85 per cent of the diamonds that are mined are only suitable for Industry. This leaves us with 15 per cent available for the jewellery industry and imagine refining that into colour grades cut grades and clarity and you will have an idea as to how imperfect the average diamond is. It is only the really good quality stones that make it into the top dealers and suppliers and this is a tiny percentage.

Only one diamond in a million is a carat or more. A one carat diamond can often cost 3-5 times the price of a half carat diamond. The average mine costs about 1 billion to identify and a further 1 billion to develop. Some of the stones are up to 5 miles below the earth’s surface.

The young diamonds are 100 million years old and some of the older ones up to 200 million years old-so the next time you see a diamond show some respect! Your diamond will significantly in your new bespoke ring – wouldn’t you, having been in the dark for 100 million years or more!

 

 

We thought you might be interested in some of the following facts about diamonds:

  1. It takes approximately 250 tonnes of earth to obtain a 1 carat diamond!
  2. Only 1 diamond in a million is a weighs a carat or more.
  3. 85 per cent of diamonds mined are not suitable to be used in jewellery.
  4. Only a diamond can scratch or polish another diamond.
  5. Most diamonds are over three billion years old-some of the youngsters are 100 million years old!
  6. Most diamonds are formed more than 100 miles beneath the earth’s surface.
  7. At one time diamond colours were referred to only as A and B. As cutting equipment got better and it became easier to grade diamonds the range was expanded. In order to avoid any confusion with the old scale colours were started with D being the best are running all the way to Z.

We hope you enjoy some of these facts!

 

Sign Up Newsletter

Sign up to International Diamond Brokers newsletter!

Subscribe to our newsletters to receive updates on new jewellery, blog posts and promotions!