Fungibility is great, but there is something delightful about unique things too.
Many investments are in financial instruments or asset classes where everything is fungible but then you do get the collectables. Often what gives collectibles their intrinsic value is their unique elements.
I love diamonds, each can and often does display unique characteristics and history.
I love the uncut ones, for me, they have more variety, intricacy and beauty than the polished stones.
Some of them display the intricate crystalline structures that reveal their inner workings and atomic assembly.
Its rare, but they can be found still embedded in their kimberlite or peridotite host rock.
They are found on their natural state in a variety of different shapes, sizes and colours
These are some of the more scarce and exotic colors.
They can be cut into so called "fancy" diamonds.
But ultimately, they are just little crystals formed at between 1 billion and 3.3 billion years ago, deep within the earth.
They are now contained in rocks 150 to 450 kilometers (93 and 280 miles) beneath the surface and were brought up to within our reach 180-60 million years ago by explosive kimberlite volcanics.
About 6,400 kimberlite pipes are known. Of the around 900 classified as diamondiferous, only just over 30 are economic enough to mine for diamonds.
These are some pictures and comments I put up as part of a post I did 2 years ago on the subject.
I guess these would make me like a pirate of old running his fingers through a treasure chest of jewels.
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That's looks beautiful!
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lies, lies, all lies.
That picture of the earth's core was disproven by the Russian Bore Hole.
Also diamonds are MUCH more common than DeBeers would like us to think. They have burned mountains of diamonds to keep the supply low and the cost high.
If ever DeBeers died and actual supply and demand came about, diamonds would be quite inexpensive.
Diamonds ARE a jewellers best friend. You can mount a diamond, and then polish the metal. Because the diamond is harder then the abrasive pastes used for metal polishing. Nice and easy.
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You forgot to mention that they are one of the hardest substances to exist. Diamonds are really forever
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Diamonds just have a way of making a woman feel good, married 49 years and still love them.
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