To account for diamagnetism, Weber supposed that there exist within the molecules of diamagnetic substances certain channels around which an electric current can circulate without any resistance.
Ordinarily a substance composed of asymmetrical molecules is paramagnetic, but if the elementary magnets are so conditioned by their strength and concentration that mutual action between them is possible, then the substance is ferromagnetic. In all cases however it is the diamagnetic condition that is initially set up - even iron is diamagnetic - though the diamagnetism may be completely masked by the superposed paramagnetic or ferromagnetic condition.
Diamagnetism, in short, is an atomic phenomenon; paramagnetism and ferromagnetism are molecular phenomena.
In 1841 he found that he required rest, and it was not till 1845 that he entered on his second great period of research, in which he discovered the effect of magnetism on polarized light, and the phenomena of diamagnetism.