Why were diamonds so valuable in the late 1800s? Choose all answers that apply.
1. Scarcity: Diamonds were relatively rare and difficult to mine, making them a coveted and valuable commodity.
2. Marketing Campaigns: De Beers launched successful marketing campaigns in the late 1800s that promoted diamonds as symbols of love, commitment, and prestige, further increasing their value.
3. Industrial Uses: The Industrial Revolution increased the demand for diamonds for industrial purposes, such as cutting and grinding tools, which also contributed to their value.
4. Royal and Aristocratic Patronage: Diamonds were popular among royalty and the aristocracy in the late 1800s, further enhancing their value as symbols of wealth and status.