he most valuable substances on earth tend to be expensive because of their rarity or because of the difficulty in producing them. Over time, the worth of expensive substances regularly changes as the availability of rare materials increases, or the desire for them decreases.
Currently, the list of the most expensive materials on earth are dominated by rare earth elements such as platinum, precious gems like diamond, and advanced materials that are dangerous and hard to produce. All of these substances share a common thread of being high in demand and low in supply.
Another factor that makes these materials expensive is that some of the most expensive materials in the world are used to manufacture high demand products. Jewellery, engines, and even dental fillings can be made with these expensive materials, making these materials crucial to many industries around the world.
So, while many believed gold to be costly, this list of most expensive materials on the planet will sure give rest to this belief. And by the way, gold did not even make it to this list!
LET’S HAVE A LOOK AT THE TOP 10 MOST EXPENSIVE MATERIALS IN THE WORLD:
10. PLATINUM (RS. 1974.32 PER GRAM)
This rare, precious metal is widely used in jewellery and also finds usage in catalytic converters, electronics and anti-cancer drugs. In the 18th century, platinum’s rarity made King Louis XV of France declare it the only metal fit for a king.
9. CREME DE LA MER (RS. 4485.64 PER GRAM)
This anti-aging and moisturizing creme is formulated with sea kelp and a pioneering bio-fermentation process. The product was conceived by an aerospace physicist after suffering skin injuries from a laboratory experiment.
8. SOLIRIS (RS. 10,705.12 PER FLUID OUNCE)
It is the most expensive pharmaceutical drug in the world, used in the treatment of a rare blood disorder known as paroxysmal nocturnal hemoglobinuria, resulting in the breakdown of red blood cells which release haemoglobin into the urine.
7. PLUTONIUM (RS. 2,56,402 PER GRAM)
This radioactive element is found only in traces in nature. The most significant use of Plutonium is in operating nuclear reactors, where it helps generate nuclear power through fission reaction.
6. TAAFFEITE (BETWEEN RS. 1,60,256 TO RS. 12,82,010 PER GRAM)
It is a mauve-hued gem made up of magnesium, beryllium and aluminium. A million times scarcer than diamond and more durable too, this explains the gemstone’s sky-high price.
5. SCORPION VENOM (RS. 6,41,175 PER FLUID OUNCE)
Of the thousands of scorpion species known, the venom of only 25 of them is deadly to humans. So, why the staggering price? Well, the protein found in their venom is used to cure rheumatoid arthritis, inflammatory bowel disease and multiple sclerosis.
4. TRITIUM (RS. 19,23,525 PER GRAM)
It is a radioactive isotope of hydrogen formed during a nuclear reaction. In daily life, it is used in self-illuminating signs found in theatres, malls and office buildings.
3. DIAMOND (RS. 41,67,637 PER GRAM)
Diamonds have a high refractive index due to which they seem to shine with a light of their own. Solitaires and finely cut diamonds are one of the most sought-after gemstones in the world.
2. CALIFORNIUM-252 (1,73,11,72,500 PER GRAM)
This radioactive metallic chemical element is used in equipment for detection and identification of explosives and landmines, and cancer treatment, among other things.
1. ANTIMATTER (RS. 6,414,000,000,000,000 PER GRAM)
Antimatter is the opposite of normal matter. More specifically, the sub-atomic particles of antimatter have properties opposite those of normal matter. The electrical charge of those particles is reversed. Antimatter was created along with matter after the Big Bang, but antimatter is rare in today’s universe, and scientists aren’t sure why. It can be created in tiny amounts in laboratories. This fabulous invention could fuel future spaceship trips to planets and other celestial bodies.