- 5 years ago
“What’s the Earth worth?” Did anyone watch this on the History Channel? I thought it was fascinating. They estimate the earth is worth nearly 7 quadrillion. Fresh water we have access to, at .02 cents per gallon, is the most valuable commodity at nearly 5 quadrillion dollars!
They basically broke the planet down into its valuable commodities; water, precious metals, lumber, fossil fuels, stone (granite, limestone, marble etc), etc, and diamonds.
I didn’t realize how important diamonds are to civilization. If they didn’t have diamond tipped drills, they wouldn’t even be able to drill for fossil fuels. They’re used as sanders too.
Diamonds are very important in technology as well. Their conductivity is important for preventing overheating in chips and microchips.
Half of mined diamonds are used for industrial purposes, yet 90% of industrial diamonds are lab made. That’s about 1 BILLION carats of industrial diamond per year. They must be incredibly useful to require so many carats to be produced/mined annually.
The most incredible thing is there are about 6.3 BILLION carats of diamond on planet earth, and 20% to 50% of that is gem quality.
There are about 150-200 million carats of diamond mined each year! It was amazing on the show to see bucket fulls, and truckloads of diamonds.
It takes billions of years for them to form 100 miles or more, under the Earth’s surface. They are pushed closer to the surface by volcanic eruptions. Every natural diamond in the world traveled to the surface via an eruption! That’s pretty amazing. So, despite being abundant, they are very important to civilization and are pretty incredible.