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Industry experts anticipate an additional 15% to 20% price drop in diamonds over the next 12 months. The diamond industry is ‘in trouble’ after prices sunk 6% this year. A jewelry CEO blames ...
Lab-grown diamond sales surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. Additionally, the case for buying diamonds as an ...
McKinsey called lab-grown diamonds “likely the biggest challenge facing diamond producers today” because of their perceived ethical advantages, lower price, similarities to natural diamonds ...
Recycled diamonds are diamonds that have been polished and set into jewelry, then removed and possibly re-cut before sale back into the diamond industry. This sector accounts for 5%–10% of market supply. [25] Many jewelers typically offer to repurchase diamonds at a 15–20% discount relative to their selling price. [25]
It also purchased and stockpiled diamonds produced by other manufacturers as well as surplus diamonds in order to control prices by limiting supply. [45] Finally, it bought diamonds when prices fell considerably naturally, to constrict supply and drive their value back up, such as during the Great Depression.
The value of a diamond gemstone depends upon colour and quality, as well as weight. As of April 2024 the average price per carat of diamonds of between 1.00 and 1.49 carats was US$4,448. [49] The price of diamonds dropped significantly from a peak in 2022; prices of natural gems in shops dropped by 26% by the beginning of 2025.
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