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I guess if you ask the question, "why are diamonds not traded as a commodity like gold, silver, platinum, etc", you start to think they're not quite the same va
by supernova87a 6y ago
I guess if you ask the question, "why are diamonds not traded as a commodity like gold, silver, platinum, etc", you start to think they're not quite the same value as people want you to believe?
- thaumasiotes 6y agoIt's not a perfect analogy; gold, silver, and platinum can all be melted, reconstituted, combined, and separated without being damaged. Diamonds are more unique than that. They could be more commodified than they are, but they can never achieve the commodification of a metal or a simple gas like e.g. nitrogen.
- CoolGuySteve 6y agoAn ounce of diamonds doesn't funge like an ounce of gold. Each diamond has different purity and color characteristics. Diamond traders do exist but due to the characteristics of individual diamonds, they're more like bond traders. Bluenile.com is a good example of a retail diamond exchange.