Diamond Prices In Ghana

What Is Diamond?

Diamond Is a solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. At room temperature and pressure, another solid form of carbon known as graphite is the chemically stable form of carbon, but diamond converts to it extremely slowly.

What Is Diamond Made Of?

Diamond is the only gem made of a single element: It is typically about 99.95 percent carbon. The other 0.05 percent can include one or more trace elements, which are atoms that aren’t part of the diamond’s essential chemistry. Some trace elements can influence its color or crystal shape.

Physical Properties Of Diamond

Diamond properties include:

  • Lustrous (shiny)
  • Colourless and clear (transparent)
  • Hard.
  • High melting point.
  • Insoluble in water (does not dissolve)
  • Does not conduct electricity.

Is a Diamond a Rock?

Background. The diamond is the hardest natural substance known. It is found in a type of igneous rock known as kimberlite. The diamond itself is essentially a chain of carbon atoms that have crystallized.

How Diamonds Are Found?

Open-pit mining, such as the Kimberley Big Hole, involves removing the layers of sand and rock found just above the Kimberlite. The ore in the pit is then broken up by blasting. Once this ore is broken, it is loaded and then transported to a primary ore crusher where the diamond extractor process begins.

How Are Diamonds Formed?

Simply put, diamond formation occurs when carbon deposits deep within the earth(approximately 90 to 125 miles below the surface) are subject to high temperature and pressure. Some stones take shape in a matter of days or months, while others take millions of years to materialize.

How Long Do Diamonds Take To Form?

between 1 billion and 3.3 billion years

Due to the immense pressure that is present in this part of the earth, as well as the extreme temperatures, a diamond gradually begins to form. The entire process takes between 1 billion and 3.3 billion years, which is approximately 25% to 75% of our earth’s age.

How Can You Tell A Diamond Is Real?

Lay the stone onto the dot with the flat side down. Through the pointed end of the diamond, look down onto the paper. If you see a circular reflection inside the gemstone, the stone is fake. If you cannot see the dot or a reflection in the stone, then the diamond is real.

Why Are Diamonds So Important?

The Ancient Greeks attached religious significance to diamonds. It was believed that diamonds were the tears of the gods. Diamonds were called ‘adamas’ which means ‘invincible’. It was worn on the breastplates during battle as it was thought to bring the wearer strength and courage.

What Is Importance Of Diamond?

Diamonds are used for industrial purpose. Its property of hardness is useful to drill, grind or cut materials. Hence, some blades used for cutting and drills in the industry used diamonds. They are present on the edges and tips in small sizes.

What Is The Lifespan Of a Diamond?

A real diamond has no limits on its shelf life. A lab grown diamond made in the Diamond Foundry may look the same as a real one, but has zero resale value. The brilliance of the relationship may be gone, but the stone will shine forever. It won’t lose its luster and it doesn’t get worn out with time.

Is Diamond A Good Investment?

According to industry players, diamonds offer good returns. Most importantly, they have witnessed a steady price appreciation in the recent years. However, like other forms of investment, they have their own pros and cons. As an investor, you should be aware of these to get the most out of your investments.

Uses of diamonds:

  • JEWELLERY. We are all familiar with De Beers’ famous slogan: “A diamond is forever”, first used in 1947, and the beauty of a diamond set in an engagement ring, earrings and other fine jewellery.
  • Windows.
  • Medicine.
  • Engraving.
  • Audio equipment.
  • Beauty products.

Diamond Prices In Ghana:

The Diamond price per carat in Ghana is GHS 5,101.48, today’s Diamond rate per 50 milligram in Ghana is GHS 121, Diamond cost per 100 milligram today in Ghana is GHS 2,550.74.00 today’s Diamond price per 150 milligram in Ghana is GHS 3,826.11.00