What are Diamonds Really Worth? Zero, Zilch, Nada

Rough, unprocessed diamonds could be mistaken for pebbles. In other words, a diamond’s true value can only be realized through a skill-intensive cutting and aesthetic crafting process.

However, the truth of the matter is that diamonds have no inherent value. Diamonds only have value because of a century-old marketing campaign heralding its value, plus restriction on global supplies.

What most people don’t realize is that the marriage customs observed to this day are just relics of century old marketing tactics. Consider: How many months’ salary should be spent on an engagement ring? Two months? Three months? Exactly what kind of gem are a girl’s best friend?

So what are diamonds really worth? Basically, nothing. Yet, millions of people expend limited financial resources every year to buy and give them away to others.