Why Are Diamonds More Expensive than Gold?

2 years ago
4

Join the Captivating History Book Club: https://bit.ly/3Dkh91w

Get a FREE mythology bundle ebook covering Greek, Norse, and Egyptian mythology here:
http://www.captivatinghistory.com/ebook

Most of you might be thinking – the free market establishes the fundamental relationship between supply and demand, but this is not that simple. For most metals and stones, their perceived rarity is the leading indicator of their value in the market. Gold is relatively rarer than diamonds, but gold is the fifteenth most valuable material on Earth, whereas diamond sits in the top five – behind the likes of Californium and Antimatter.

See all captivating history books here:
https://www.amazon.com/author/captivatinghistory

Follow us on Facebook: https://www.facebook.com/captivatinghistory

Follow us on Twitter: @CaptivHistory

Loading comments...