There is in the setting, but how much it exactly is doesn't really matter. Like how would it?
Because at today's price, 50 gp is 1 kg of natural diamond dust, or 21.5 kg of industrial diamond dust. Depending on whether there is diamond dust magical manufacturing process in your campaign world, you can't really conceal it and it's not a negligible amount to carry. At some point, there might be a player who will ask "we have diamonds in that dragon hoard, let's make diamond dust" and you'll have to tell him he needs 10 500 gp diamonds to create 10 gp of diamond dust...
It doesn't matter until a player asks. And if the answer breaks verisimilitude, it breaks immersion. Fortunately, since the idea that 50 gp of gold is right now 20 kg of diamond dust is breaking verisimilitude for most players despite being real, one might not encounter that problem. So the odd of it mattering is highly player-dependent.
Also, there is a strong possibility, especially for divine magic or pact-based magic, that the value of the sacrifice is more important than the amount. The god don't care if you sacrice two goats or ten fowls or an ox, he wants you to sacrifice a substantial amount in echange for his intervention. If you game the system in order to produce infinite chicken with your Magical Bag of Chickens (or you planeshifted to Powdered Diamond Plain, Plane of Earth, with a wheelbarrow), the spell will be denied.
Which might become another reason for which you might want an mount. What do you tell the player who planeshifted to Diamond Powder Plain and came back with a full, overflowing wheelbarrow's worth of diamond powder, when he asks you how many he can cast his spell now? Or when he decides to crush his fist-sized ruby into a powder?
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