Tuesday, 2 July 2013

The History & Value of Diamonds

Until now I didn't really know alot about diamonds .  . . . their sparkle and timeless appeal was basically the extent of my knowledge. However after reading this next article I have a whole new level of appreciation for the diamond!   

This is a sponsored post: Author,Rebecca writes on behalf of Samara James.

The diamond signifies commitment and wealth in the western world. Many would ponder the significance of this particular gemstone. Only since the mid-20th century have diamond rings been used to signify engagement. So where did we develop the obsession for this stone, and why has it become such a symbol of wealth and luxury?

The human recorded relationship with diamonds began somewhere around 400 BC in India. The unique physical properties of the gem would have no doubt astounded people at the time. Diamonds are the hardest natural substance known, unlike metals that require smelting from ore. The spread of this gemstone across the world was undoubtedly due to its strength, regularity, ability to scratch metals.

Diamonds have been useful throughout history as a highly condensed physical representation of wealth, and as such could be used as currency through global trade. Money is the global language, and diamonds could be easily transported from continent to continent and be able to maintain their value, along with gold and silver.

Gemstone rings have been used as a symbol of commitment throughout history. However it was only in the 1930s that diamond rings started to become widely used to signify engagement in the west, now 80% of American women are offered a diamond engagement ring.  This was partially due to a large advertising campaign by the De Beers Company, which was quite impressive as it set the standard for engagement rings across the western world.

On the other side of the coin, the use, desirability and rarity of diamonds make them incredibly valuable, and this high value has been the driving force behind dictators and revolutionary entities, especially in Africa where slave and child labour mine blood diamonds to fund conflicts. This begs the question of whether or not the diamonds in the possession of the west have been acquired in a responsible fashion. The vast majority of diamond suppliers today will be able to point to ethical acquisitions, which is undoubtedly the most responsible way forward for the industry.

Surprisingly enough, today, the world’s diamond production is primarily consumed by industry for use as an abrasive in cutting, grinding, drilling and polishing procedures. The secondary category of diamond use is as a gemstone for decorative purposes. More money is spent on diamonds than all other types of gemstones combined. Although cheaper alternatives are becoming more popular, Diamond is still the jewel in the crown.
Samara James provides elegant engagement rings for the perfect proposal and has an eye for all types of Diamonds, whether it’s a Pave set or Princess cut there is bound to be the perfect ring for you.