Are Diamonds Really Rare?

When you walk into a diamond jewelry store and see all the diamonds in all of the various settings that are for sale, it is difficult to realize that diamonds are indeed rare.

For every one million diamonds that are mined, only one will be found that is a quality one caret diamond. In order to find a two caret diamond, about five million diamonds must be mined. More than two hundred tons of ore must be mined to find one small diamond, and even then, more than 80% of the diamonds that are mined are only good for industrial use, such as diamond drill bits.

So, the next time you visit your local diamond jewelry store, ask to see the one carat diamonds. You should look at this diamond with new appreciation knowing that it truly is one in a million!