A new study finds diamonds are worth far more than you would think, thanks to their natural properties.
The findings, which are based on the most recent information available from the world’s diamond mines, could provide a crucial clue about how much of a diamond’s value lies in its properties, rather than in its surface.
The study by scientists from the Swiss Federal Institute of Technology in Zurich, published today in Nature Communications, used data from mines in Morocco, Brazil, and South Africa to measure the diamonds’ intrinsic value.
The value of a given diamond depends on its colour, thickness, and its size, with more valuable diamonds typically being found in deeper layers of the rock.
“A diamond is made of a very thin layer of material called the granules, which contain many small diamonds.
We have been trying to measure these granules in detail for years, but our previous results were limited because we only had data from the first five years of the industry,” said co-author Jean-Marc Schmitz, a professor of mineralogy and earth sciences at the University of Zurich.
“Now we have new data that gives us the most complete picture to date.”
Schmitz’s team looked at how much diamonds were worth based on a mathematical formula that takes into account how much the diamonds have been mined, the quality of the minerals mined and the depth of the veins.
They then used the results to calculate the value of each diamond in a diamond mining project, using the most up-to-date information about the diamonds.
“The value of diamonds is based on how much work the miners have put in to make them,” Schmitg said.
“So if the diamonds are really good, it means the mines are very productive, but if the mines have been badly exploited, then it means they’ve been poorly exploited.”
It’s also important to remember that the mines used to be very productive.
Nowadays, mining is a lot more risky and we don’t know if diamonds are still worth as much as they were in the past.
“The value was calculated for each of the five years between 2008 and 2014, with the most valuable diamonds being found between 2009 and 2011.
But the researchers found that diamonds mined in the early 2000s were worth less than diamonds mined from 2008 onwards.”
This shows that diamonds are being mined more than five years after the end of the industrial revolution, when the technology was becoming more efficient and we had more technology available to us,” Schmintz said.
The researchers also looked at the value that diamonds have gained from being used in other industries, such as jewellery and diamonds in clothing.”
For example, diamonds are used in jewellery in Europe, but we have no idea how much money they’ve gained since they were used in the 19th century,” Schmittez said.”
We have a lot of evidence that diamonds used in jewelry are getting more valuable, and the amount of diamond mines that are now producing high quality diamonds is increasing.
“The study is the first to use new mathematical models to determine how much more valuable a diamond is if it has been mined more recently than a previous time.
Previous research has used computer models to assess the value in terms of how much a given mineral could be worth in a given quantity of time.
The new research is also the first study to show that the value increases with depth, which was not previously known.”
There was a lot that we didn’t know about diamonds at the time, and we needed to be able to say that a diamond that was mined more recent could still have a higher value than a diamond mined in earlier times,” Schmidz said