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>>people wearing diamonds would tell you they have utility Fashions change, yet people believe that diamonds have permanent value ('is forever'). In contrast t
by frozenport 12y ago
>>people wearing diamonds would tell you they have utility
Fashions change, yet people believe that diamonds have permanent value ('is forever'). In contrast to bullion, this is relatively recent development with little ties to traditional banking practices.
>>On the industrial side, diamond is a fascinating material
These can be made on demand, and cutting diamonds cost something like $1 per carat. Nobody is raging against the crystal lattice.
- argumentum 12y ago> Fashions change, yet people believe that diamonds have permanent value ('is forever'). In contrast to bullion, this is relatively recent development with little ties to traditional banking practices No, actually diamonds (and other gems) have had artistic/cultural/symbolic value for as long as civilizations have existed. I.e. the "crown jewels", the "hope diamond" and more: http://en.wikipedia.org/wiki/List_of_diamonds http://en.wikipedia.org/wiki/List_of_diamonds They simply do wonders with light and are aesthetically pleasing when well cut. Not to mention they are incredibly hard to destroy.
- deleted 12y ago[deleted]
- airblade 12y ago> These can be made on demand Yes and no. Also the ability to make diamond is pretty recent with a lot of the fundamental research having been funded by De Beers.