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Why do you think gemstones can be so expensive?

Answers:1   |   LastAnswerAt:2011.04  

luke'l laws 
Asked at 2011.04.20 22:26:47

answer Geolstud  Answered at 2011.04.20 22:26:47
The reason they can be so expensive is mainly due to supply and demand, but minerals such as diamond are extremely abundant. The reason they are so expensive is because the De Beer's company is more or less running a monopoly with diamonds. All of the customers are given a certain number of diamonds a year, but the only catch with this is that they have to pay exactly what De Beers wants for them, or they will not get the diamonds to sell.
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