Demand Of Diamonds
Diamonds were on this earth long before humans. In fact they were here even before the dinosaurs roamed this planet. Each and every diamond around today is actually billions of years old. The diamond is known as the imperishable stone from its Greek name, adarnas, which literally means “invincible” or “unconquerable”.
Diamonds were found in India 3000 years ago, and were used for the same things that they are used for today, along with some more unconventional uses. Mainly they were decorative, but they were also used as religious talismans to ward off evil forces. They provided symbolism for purity, strength, and protection in the Indian and other similar cultures. As nomadic tribes expanded in the African continent and the Middle East, diamonds began to be used as the world’s first hard currency. Later in other countries, diamonds were discovered, but because of their high value, were only worn by those with both wealth and a high amount of power. During that time the only people who fit this description were male royalty, because women weren’t allowed to wear diamonds. Women didn’t start to wear diamonds until the 19th century, following the trend of Agnes. Throughout the years, rumors grew that diamonds had mythical powers, and especially during the Dark Ages, people would eat them to cure disease and plague. In this period of time, selling loose diamonds anywhere was an easy task, because of the high amounts of sicknesses around the world. The rate of ingestion got so high, that diamond mine owners had to spread stories that diamonds were actually poisonous to keep the workers from stealing them, and selling them later. It was around this time that the popularity of diamonds grew, and by the 16th century, people had started trying to cut diamonds. Antwerp was the first place where diamond cutting was actually attempted successfully. This practice established the Antwerp diamond cutters guild.
This is when the demand of loose diamonds gained a huge leap, and the supply began to dwindle. Then a young boy found one in 1866 along the coast of the Orange River in South Africa. This enticed the biggest diamond rush in history. The coasts of the Orange and the Val River were swarmed with diamond diggers who were trying to get their hands in on some land to mine. During this rush, kimberlite was discovered. These blue-gray pipes are the mouths of extinct volcanoes, several hundred feet below ground that contains diamonds in them. This rush was still not to the richest deposit, which was actually found on October 2, 1979 in Argyle Pipe near Lake Argyle. This pipe alone supplies one third of the world’s diamond requirements.
Today, diamonds are regarded with the same awe and wonderment as they were 3000 years ago, with much of their initial significance remaining unchanged. They are still used to make tools and to trade for money, but are viewed mostly as a symbol of perfection.
How To Sell Loose Diamonds
In the past, selling loose diamonds required the simple task of finding someone who wanted to buy them, and haggling over a suitable price. Now, there is of course that method for those with a small amount of diamonds. There are companies that will pay money for your older jewelry. This is often as simple as taking it to their store, and leaving with money in your pocket. Things get a little more complicated when you have a lot of diamonds and you want to sell them as a business. There is the process of obtaining your jeweler’s license and getting on the Jewelers Board of Trade with at least three recommendations from other wholesale jewelers. This process can be moderately challenging and requires patience on your end; but once you have succeeded, there are no limits to whom you can sell diamonds. You will be able to sell to companies who use diamonds in their tools, or to jewelry stores, or even to individual customers. Most customers would think it a good idea to invest in diamonds because they are comparable to stocks and bonds. They appreciate or depreciate over time and can be sold at any time on a per carat basis. Diamonds also have a base price which is determined by the “4 Cs” which are cut, clarity, carat weight, and color. Generally diamonds with the highest clarity, biggest carat weight, and least color are worth the most. Diamonds are a liquid asset and were used often when marriages ended in India or China by the women, because it was so easy to sell them, and they weren’t usually returned to the husband’s family.
Where to Sell Loose Diamonds
For independent sellers who just have loose diamonds that they are trying to get rid of, there are plenty of places available to buy diamonds. There are websites such as www.thingswebuy.com, www.yourdiamond.com, and www.theestatebuyer.com. Sellers can also take their diamonds to pawn shops. Although, as a seller, you will not get as much money as you would from other websites or jewelers, but pawn shops generally complete transactions more quickly than other venues. If you want to aim big, it is possible to get a jeweler’s license, and join the Jewelers Board of Trade so that you can sell diamonds online.