Many have heard or read some tabloid articles stating that diamonds are worthless and that a cartel actually sits on a throne, “Buy Lab Created Diamonds” made up of a stockpile of millions of diamonds. Fear the worst. You think about that ring. The rings in the displays are actually worth as much as dirt. So you cautiously type in these words into the search term. Perhaps some well-meaning acquaintance tells you that diamonds are a massive scam. Boom: pages after pages that all state the same thing.
Are gem-quality diamonds intrinsically worthless?
The first claim that diamonds are intrinsically worthless is a cherry-picked statement. Diamonds, along with many other materials, do not have an intrinsic value, but this does not mean they are worthless, that statement is untrue for both jewelry diamonds and industrial diamonds.
Buy Man Made Diamonds
For gem-quality diamonds that you put in rings, the value comes from the value we assign to them as a society. So unless you live on a deserted island isolated from society, diamonds do have value, even if it is assigned by us. However, we know these objects have value because we collectively believe they have value.
Have you ever seen a movie where they need a diamond for that fancy laser?
What about industrial quality diamonds, are they worthless? Not terribly far from reality.
For industrial quality diamonds, the material itself is not just valuable, but very useful! Diamonds, being the hardest naturally occurring material on the planet, are indispensable to anything involving cutting, drilling, and grinding. Have you ever seen a movie where they need a diamond for that fancy laser? Look all around you, every building has a bit of diamond-elbow-grease to it! Diamonds are also resistant to high temperature and pressure (that is how they are formed after all) making them ideal vessels for scientific research involving high temperature and pressure.

Are diamonds run by a cartel?
Many people still believe that diamonds are controlled by one company. Case closed. So, no, it’s not a monopoly. The price we pay for diamonds is basically extortion.
Diamond Resale Value
Lastly, diamonds have always had resale value. Ever heard about those auction houses shattering records. Surprisingly, many of the pieces offered have a very approachable price point of a few hundred dollars. The wealthy have always turned to auction houses to resell their gems since the auction houses became a thing in 1674. Everything from multi-million dollar diamonds, to warehouses full of dusty heirloom jewels, have been auctioned off. Selling the most expensive diamonds?
Buy Loose Diamonds
What if your jewelry is not accepted at an auction house? With the rise of second-hand luxury platforms, buying and reselling diamonds has never been easier. Entire new branches of the industry are rising to meet the demand for reselling diamonds, a testament to the value of fine jewelry!
You still have many avenues left to sell your diamond. Some have full teams, including gemologists to catalog the piece, a photographer to make it look amazing, and a logistic specialist doing all the work for you to sell for top market value.
So what should we do? The best way to buy diamonds is to compare the price of one diamond to another of very similar quality to see if the offer is a good one.
Your diamonds are far from being worthless. A lot of details go into pricing, proportions, fluorescence, and other tiny elements, so definitely get the help of a gemologist to ensure you are comparing apples to apples. These rumors need to stop.




In the world of gemstones, few topics evoke as much controversy and ethical debate as blood diamonds. These precious stones, often associated with conflict, human rights abuses, and environmental devastation, have sparked a global movement advocating for transparency and ethical sourcing. As consumers become increasingly aware of the implications of their purchases, the question arises: where can one