Eli5 Why does gold have high return value and not diamond? Even though culturally we value diamond more

Question

Eli5 Why does gold have high return value and not diamond? Even though culturally we value diamond more

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Answer 1

Gold can be molten down and re-shaped into whatever you want – be it jewelry or electrical connectors.

While diamonds *can* be re-cut into different forms, this is a much more complicated process and invariably causes the diamond to lose mass in the process.