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By Bill Ferrell  | Well, maybe the title is an overstatement. Or maybe it isn't. Read this and you can be the judge.

Let's start with the question, "Why are diamonds so expensive in the first place?" Good question. Presumably it's not just because people find them so beautiful; it's also because they are rare. Right?

Actually people think that they are rare but in reality they are not. In fact, diamonds are the second most common items in the majority of American households. The most common item