I love gems and diamonds, but i get sick of people saying diamonds are not rare.
Diamonds are not rare because they are more desirable. It is very simple economics.
Greenland's first ruby mine is receiving a huge financial boost with an $18m investment from a mining financier.
It said the initial cost of the Jwaneng expansion was $6bn. Diamonds in Botswana.
Diamonds are thousands of times rarer than colored gems.
Why the periodic pot-stirring again? If this were one of us, it would just be a troll post.
This is a nonsensical economic argument. Think of how much is invested in petroleum and coal extraction -- no wonder that petrol is a million dollars a gallon! Actually, on a global scale, I bet that petrol is rarer than diamond, based upon those geological discoveries highlighted above and the very limited strata within which petroleum is found.
What did Upton Sinclair say? "It is difficult to get a man to understand something when his salary depends on his not understanding it."