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Diamond Mining: A Reason Behind the High Costs of Gems
From princess cut rings for less. A lot of mining companies make money from the precious stones and minerals they are able to dig up. Gemstone mining isn’t an easy task. There are several things to be considered before mining. Some of these are: purchasing or lending of the machineries involved, payment for miners and other people who work at the mining area, getting a source of electricity and insurance for the miners in case accidents happen.
Crucial points owners consider before jumping into a mining activity
Due to the difficulties that may lay ahead in mining operations, Diamond mining owners usually figure out these things:
How long does it take for the Gemstones to be dug out of the ground. Money is usually one of the most important factors that will affect the mining operation because, every single day, a large sum of money is used in mining.
How many Gemstones will the company be able to obtain. A mining company usually decides whether it should do its operation if the number of Diamonds their going to get exceeds the cost of the operation.
How much will the people pay for the Gemstones they’ve acquired.
How much money will it earn after every cost in the operation is deducted.
Why some mining companies are unstable
For Diamond mining owners, mining is a business, therefore they don’t invest on mining operations if they make less profit or none at all. A lot of controversies have spread on many mining companies closing down due to the large amount of money spent in an entire Gemstone mining operation and its profit wasn’t able to cover the total cost of the operation. Other causes include the participation of government environmentalists who were against mining in certain areas due to the chemicals and other intoxicating substances which were released and flowed in rivers, streams, etc. thereby poisoning the organisms that live in them and also to the people living nearby whose livelihood depended on these sources of water.
Reasons why Gemstones are so expensive
Most people never know the real reasons why a Gem is worth a hundred thousand dollars. Other than the fact that these stones are rare, precious and add sophistication to the wearer, the whole mining operation itself costs a ton. Most of us never truly look beyond certain things other than a Diamonds beauty and the aura that surrounds it. We never knew that a single Diamond is a product of man’s hard work and the difficulties involved in obtaining it.
For more see round shaped diamond solitaire engagement rings and oval diamond solitaire rings.
GIA Oval Diamonds Comparison
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8.42 ct Oval and Trapezoid 4-Prong 950 Ring GIA D/IF $1,133,000.00 |
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8.03CT G VS1 Oval GIA Certified & Genuine Natural Brilliant Loose Diamond Stone $496,148.99 |
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Asscher Fancy RED GIA Certified Loose Natural Diamond $481,000.00 |
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5.61 ct carat Oval Cut E Color IF Clarity GIA Certified Genuine Loose Diamond $454,491.00 |
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8.07 CT G VS1 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $408,012.00 |
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3.30Ct Ring Oval Diamond Fancy Orangy Pink Color $392,050.00 |
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5.05 ct carat Oval Cut D Color VS1 Clarity GIA Certified Genuine Loose Diamond $386,306.00 |
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6.04CT E VS2 Oval GIA Certified & Genuine Natural Brilliant Loose Diamond Stone $372,296.99 |
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5.01 ct carat Oval Cut D Color VS1 Clarity GIA Certified Genuine Loose Diamond $369,182.00 |
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5.15 ct Oval Cut Fancy Color BROWNISH Pink GIA Certified Loose Diamond $339,900.00 |
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5.01 ct carat Oval Cut D Color VVS2 Clarity GIA Certified Genuine Loose Diamond $326,031.00 |
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9.10 CT G SI1 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $308,083.00 |
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5.52 ct carat Oval Cut E Color VS1 Clarity GIA Certified Genuine Loose Diamond $302,071.00 |
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8.24 Ct Natural Fancy Gray Oval Engagement GIA Diamond Anniversary Platinum 950 $300,000.00 |
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1.03 ct GIA fancy blue green color vs natural oval loose diamond engagement ring $300,000.00 |
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5.37 CT F VVS2 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $274,671.00 |
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5.09 ct carat Oval Cut D Color VS2 Clarity GIA Certified Genuine Loose Diamond $266,436.00 |
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4.08 ct carat Oval Cut D Color IF Clarity GIA Certified Genuine Loose Diamond $257,464.00 |
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5.04 ct carat Oval Cut F Color VS1 Clarity GIA Certified Genuine Loose Diamond $251,395.00 |
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13.07 ct carat Oval Cut J Color SI2 Clarity HRD Certified Genuine Loose Diamond $248,340.00 |
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5.01 Carat Oval Loose Diamond GIA E/VS2 + Free Ring or Pendant! $232,050.00 |
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5.01CT E VS2 Oval GIA Certified & Genuine Natural Brilliant Loose Diamond Stone $230,954.99 |
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5.00 CT F VS1 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $220,575.00 |
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6.22 ct carat Oval Cut I Color VVS1 Clarity GIA Certified Genuine Loose Diamond $208,086.00 |
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3.38 ct carat Oval Cut Fancy Intense Color ORANGE Yellow VS2 Loose Diamond $198,744.00 |
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3.07 ct carat Oval Cut D Color IF Clarity GIA Certified Genuine Loose Diamond $198,715.00 |
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5.03 ct carat Oval Cut H Color IF Clarity GIA Certified Genuine Loose Diamond $198,558.00 |
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6.04 Carat Oval Loose Diamond GIA H/VS2 + Free Ring or Pendant ! $192,724.00 |
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6.04CT H VS2 Oval GIA Certified Non Treated Natural Brilliant Loose Diamond $190,883.99 |
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6.04CT H VS2 Oval GIA Certified & Genuine Natural Brilliant Loose Diamond Stone $190,883.99 |
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4.16 ct carat Oval Cut E Color IF Clarity GIA Certified Genuine Loose Diamond $184,579.00 |
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6.04 ct carat Oval Cut H Color VS2 Clarity GIA Certified Genuine Loose Diamond $183,813.00 |
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5.01 ct carat Oval Cut H Color VVS1 Clarity GIA Certified Genuine Loose Diamond $176,673.00 |
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22 OVAL BURMA RUBY DIAMOND 155 ROUND BR 44 PEAR SHPE 1 $174,179.70 |
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5.09 ct carat Oval Cut G Color VS2 Clarity GIA Certified Genuine Loose Diamond $172,054.00 |
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10.03 Ct Oval Loose Diamond GIA Fancy Yellow/VS2 + Free Ring ! $168,924.00 |
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4.52 ct carat Oval Cut E Color VS2 Clarity GIA Certified Genuine Loose Diamond $166,865.00 |
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Fancy Vivid Pink Natural 0.66 Carat Diamond GIA&Argyle Laser Certs Lot 36 3P $165,000.00 |
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10.31 ct carat Oval Cut Fancy Faint Color Yellow SI1 Loose Diamond $162,000.00 |
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6.15 ct carat Oval Cut I Color VS2 Clarity GIA Certified Genuine Loose Diamond $158,803.00 |
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5.53 ct carat Oval Cut E Color SI1 Clarity GIA Certified Genuine Loose Diamond $158,766.00 |
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10.01CT SI1 Oval GIA Certified Loose Diamond Stone $150,738.99 |
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10.01 Ct Oval Loose Diamond GIA Fancy Light Yellow/SI1 + Free Ring ! $150,570.00 |
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10.01 ct Oval Cut Fancy Light Color Yellow SI1 GIA Certified Loose Diamond $150,150.00 |
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6.03 ct carat Oval Cut I Color VS2 Clarity GIA Certified Genuine Loose Diamond $146,891.00 |
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5.6 Carat Oval Loose Diamond HRD I/IF + Free Ring or Pendant ! $145,873.00 |
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4.01 CT E VVS2 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $145,280.00 |
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4.02 ct carat Oval Cut F Color VS1 Clarity GIA Certified Genuine Loose Diamond $144,792.00 |
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0.24 ct Oval Fancy Vivid Color YELLOWISH Green VVS2 GIA Certified Loose Diamond $144,000.00 |
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4.21 ct carat Oval Cut G Color VS1 Clarity GIA Certified Genuine Loose Diamond $143,578.00 |
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3.76 ct carat Oval Cut F Color IF Clarity GIA Certified Genuine Loose Diamond $142,450.00 |
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4.03 Carat Oval Loose Diamond GIA F/VVS2 + Free Ring or Pendant! $137,521.00 |
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5.04 ct carat Oval Cut E Color SI1 Clarity GIA Certified Genuine Loose Diamond $135,695.00 |
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5.01 CT E SI1 OVAL GIA CERTIFIED GENUINE LOOSE DIAMOND $134,852.00 |
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1.03 Ct Oval Loose Diamond GIA Fancy Blue-Green/VS2 + Free Ring ! $133,661.00 |
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5.1 ct carat Oval Cut F Color SI1 Clarity GIA Certified Genuine Loose Diamond $133,110.00 |
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10.03 ct Oval Cut Fancy Color BR-BROWNISH Yellow VS2 GIA Certified Loose Diamond $132,396.00 |
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5.47CT I VS1 Oval GIA Certified & Genuine Natural Brilliant Loose Diamond Stone $131,866.99 |
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4.01 ct carat Oval Cut F Color VS1 Clarity GIA Certified Genuine Loose Diamond $131,594.00 |
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5.78 ct Oval Cut Fancy Intense Color Yellow VS2 GIA Certified Loose Diamond $128,316.00 |
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14k White Gold 1/3ct TDW Oval Diamond 3-stone Ring (H-I, SI1-SI2)(Size 7) $264.99 Oval-cut diamond 3-stone ring14-karat white gold jewelry |
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14k Yellow Gold 1/3ct TDW Oval Diamond Necklace (H-I, I2) $591.99 This pendant features an open oval design rendered in 14-karat yellow gold and adorned with genuine white diamonds. |
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Susen Foster Silverplated ‘Rain Dance’ Turquoise/ Red Coral Earrings $25.99 These Rain Dance earrings are a lovely combination of turquoise ovals, diamond-shaped silverplated spacers, and tubes of bright red reef coral. With convenient leverback closures, this pair of earrings will add a unique touch to any style. |
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18k White and Pink Gold 3/4ct TDW Diamond Ring (F, SI2) $3599.99 Click here for Ring Sizing ChartUnique oval diamond ring with small side stones18k white and ping gold jewelry |
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Pearls For You 14k Gold Pearl and 1/10ct TDW Diamond Necklace (4-4.5 mm) (H-I, I1-I2) $246.99 A vintage style necklace features potato white freshwater pearls accented by oval diamonds. This jewelry is crafted of 14-karat white gold with a filigree box clasp. |
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Sterling Silver Twisted Rope Design Geometric Earrings $39.99 These geometric earrings are available in your choice of oval, diamond, round or square shapes with a twisted rope design. These earrings are crafted of .925 sterling silver and hang from shepherd’s hooks. |
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Rose Gold and Sterling Silver Twisted Rope Design Geometric Earrings $39.99 These geometric earrings are available in your choice of oval, diamond, round or square shapes with a twisted rope design. These earrings are crafted of .925 sterling silver with rose gold and hang from shepherd’s hooks. |