Cryptocurrency Q&A Why are gems worth money?

Why are gems worth money?

Isabella Isabella Mon Nov 18 2024 | 6 answers 914
I'm wondering why gems are considered valuable and worth money. Is it because of their rarity, beauty, or maybe some other reason that makes them so precious? Why are gems worth money?

6 answers

Chiara Chiara Tue Nov 19 2024
Their hardness and precision make them ideal for various industrial processes.

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CryptoVanguard CryptoVanguard Tue Nov 19 2024
These gemstones hold immense value due to their scarcity.

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CherryBlossomKiss CherryBlossomKiss Tue Nov 19 2024
Their rarity contributes significantly to their perceived worth.

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Arianna Arianna Tue Nov 19 2024
Gold possesses unique electrical properties, making it valuable in electronics and conductivity applications.

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CryptoAlchemist CryptoAlchemist Tue Nov 19 2024
Apart from being rare, many precious gems have practical industrial uses.

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