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  • Writer's pictureRayah Levy, FCD Invest President

A Brief History Of Diamonds

Updated: Apr 15, 2021

For centuries, diamonds have been a sign of power, wealth, and status. The stone’s name is derived from the Greek word adamas, which translates to “unconquerable.” Ancient Greeks revered the indestructible stone and believed it to have mystical powers. Glistening diamonds have captivated hearts and spurred obsession in both common folk and royalty alike throughout time, have aided scientists in various fields, and are an everyday necessity for diverse industries. Diamonds are composed of extremely concentrated pure carbon and are naturally formed by immense pressure and heat found at the earth’s lithosphere, which lies approximately 90-240 miles below the earth’s surface over an exceptionally long period of time. The diamonds that we see at the surface are ones then that are brought to the surface by a very deep-seated volcanic eruption a very long time ago. These eruptions carried the already-formed diamonds from the upper mantle to the surface of the Earth. When the eruption reached the surface it built up a mound of volcanic material that eventually cooled, and the diamonds are contained within that. These are the Kimberlites that are typically the sources of many of the world's mined diamonds. Diamonds are said to be at least hundreds of millions of years old, but in most cases, anywhere from one to three billion years old, during a time when the earth was probably hotter than it is today and so conditions were perhaps more appropriate for diamond growth. Due to the amount of time they take to form under such strict conditions, diamonds are an exceedingly rare and naturally diminishing commodity. Diamonds are the hardest substance known to man, making their practical applications seemingly endless. Diamonds come out of the ground in one of two major varieties. The first is bort, which are poor quality, and often dark or opaque diamond shards typically ground down and used for industrial processes like cutting or abrasion. The other diamond variety are gem-quality diamonds, which are the glorious jewels that adorn elegant jewelry around the world. The diamonds that are determined to be of gem-quality are graded on their individual color, cut, clarity, and carat (the 4 C’s of diamond grading). Not all Fancy Colored Diamonds fit into the Investment-Grade category. Colored Diamonds are exceptionally rare. For every 1 carat of colored diamonds, 10,000 carats of white diamonds are mined. Of the production of color diamonds mined, less than 1% of color diamond production would be considered investment grade.

Please email FCD Invest at to discuss your personalized long-term investment strategy. For more information on Fancy Colored Diamonds as an investment, please visit our Fancy Colored Diamond informational page linked here.

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