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What would the price of diamonds be minus the inflation cost?

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What would the price of diamonds be minus the inflation cost?

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  1. say if the market collapsed for diamonds and no one wanted them anymore they would be dirt cheap because they don't serve much other purpose than to look nice.  Granted they are used in inductry to cut a lot of rocks (because they are the hardest natural substance known to man, a 10 onthe Mohrs hardness scale), but ultiamtely they would become cheap and expendable.  I'd say the price would drop by 80-90%


  2. the value of a diamond is simply based on how pretty it looks.
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