The diamond diamond is not as big as we thought
David D. Diamond, a former investment banker who lives in New York City, says he’s seen a lot of false advertising on the diamond ring he bought for $1 million.
He’s seen it advertised as being diamond-shaped with an edge-to-edge design that “wouldn’t even fit in the palm of your hand,” he said in an interview.
“It’s not even that,” he added.
“It’s so large that I don’t even know how to pronounce it.”
Diamonds have been the focus of a controversy since the late 1970s when the diamond industry started selling them as a way to protect against the damaging effects of pollution and mercury.
Diamonds are made of diamonds that are split by diamond mining operations that leave behind thousands of tiny pits, each one weighing a few thousand grams.
Some of the pits are filled with toxic materials that have been leached from the diamonds.
Diamond sales spiked in the early 2000s, but the industry has seen a sharp decline in the past decade.
It’s also been blamed for the global decline in diamond mining.
Diamonds have fallen from about $4.3 billion in 1999 to about $1.6 billion in 2015, according to the International Union for Conservation of Nature.
Diamond prices are down by around a third since 2006, while prices of other precious metals have surged in tandem, making them more valuable than ever.