The most popular gems in cinema are not actually on display in the film’s theater, according to one study.
The findings of a new study from the University of Utah, published in the journal PLOS ONE, suggest that the quality of the gems being displayed is not always indicative of their rarity, as many people might think.
“People assume that gems are a scarce commodity, but that’s not necessarily the case,” said lead author Andrew T. Koehn, a doctoral student in archaeology at the University at Buffalo.
“In fact, many rare gems are actually in demand,” he said.
“It’s a question of when it’s going to be available, and what are the prices and the demand for those gems.”
In an experiment in which a group of university students were asked to rate the quality and rarity of gems and their prices, Koehler and colleagues found that people tend to underestimate the relative value of gems.
While some of the respondents were able to identify the value of a gem at a glance, most of the people were able only to guess the price.
In a second experiment, participants were asked what they thought the quality was of gems on display at a movie theater, and the researchers found that this guess was almost as accurate as the true price.
The study authors also found that, in general, people overestimate the quality level of gems, but this overestimation is usually small.
They found that the price of a rare gem is only about $1, a very low estimate of its true value, about the same price as the price you would pay for a common gem.
And the real price is about $15, a much higher estimate than the actual value of the gem.
“The average person probably would not know the value or rarity of the precious metal,” Koehner said.
A typical gem is valued at $15.6 million, according the U.S. Bureau of the Census.
A gem worth $1 million or more, Kroehn said, would be worth $8.5 million.
“We can’t really say what the real value of gemstones is.
They’re very difficult to estimate,” he explained.
The researchers conducted the study to determine whether the real cost of gem quality is greater than the price a consumer might pay for it.
“I was very surprised to see that even people who were very knowledgeable about gem quality, were underestimating the value,” said Koehns, who also conducted the previous study in which the average price of rare gems was estimated at $30,000.
In the current study, the researchers measured the quality in terms of the average of five diamonds, one of which was the rarest, while the others were moderately rare.
The first group was given the opportunity to pick the best diamond of each of the five gems and compare their prices.
The second group was not given the choice.
“When we looked at the diamonds that people had rated as being in the best quality category, we were very surprised,” said T. Michael Wilson, an assistant professor in the Department of Anthropology and Anthropology of Natural Resources at the university and the lead author of the new study.
“These diamonds were not being graded by gemologists, they were being graded in the marketplace.”
When people were asked how they would rate the diamonds they had seen in the movies, Koeshn and colleagues observed that most people would rate them low or zero.
“A lot of people were not paying attention to what they were seeing and thought they were getting something that was much higher,” he recalled.
“This led us to the conclusion that the real gem quality level was really much lower than we thought.”
The researchers then measured the relative quality of each gem, and found that all five were rated as moderately rare or above, based on the number of diamond points the researchers counted.
“If we had to guess, we think the diamonds would be rated higher by a lot of the consumers, because they are more valuable,” said Wilson.
However, when the researchers analyzed the gem prices of the same gems in different markets, they found that most of them were rated significantly higher than the real prices of their diamonds.
For example, when they measured the value at a restaurant, for example, people were generally giving the diamond a “low grade” but were also giving the price at a premium.
“For most consumers, these gems are more expensive than their actual value, and we think that this may be due to people thinking that the gem is rare,” said Hillel Steinhauer, a graduate student in the department of anthropology who was not involved in the study.
One explanation for this is that people are more likely to see gemstones that are more scarce, and thus value them higher, than they value the actual gem, Steinhauers said.
While it’s important to remember that consumers do not necessarily have an accurate idea of the value and rarity