"Diamonds last forever, and a diamond lasts forever." In the past few years, the price of natural diamonds has soared due to the east wind of love. However, things have changed. With the rise of man-made diamonds, the price of natural diamonds has plummeted. Data shows that the Diamond Price Index of the International Diamond Exchange reached a historical peak of 158 in March 2022, and then fell all the way to the current level of around 110, a new low in the past five years, with a decline of approximately 30%. In the past yearPrices of certified diamonds fell by 35% to 40%.
Industry insiders said that the continued high inflation in many countries around the world is an important reason for this phenomenon; in addition,Natural diamond prices have also been impacted by man-made diamonds, a diamond brand store owner said in an interview that unlike in the past, more than half of his customers will choose artificial diamonds recently.
Fleishteg, director of the Belgian Diamond Exchange Federation, said that two years ago, artificial diamonds were 40% cheaper than natural diamonds, and later they were 60% cheaper. This year, they are 70% to 80%, or even 99% cheaper. PerhapsIn the future, when you buy soap in the supermarket, you will also be given a diamond..
The co-director of the Digital Economy and Financial Innovation Research Center of the International Joint Business School of Zhejiang University said that diamond prices continue to plummet and it is expected that diamond prices will continue to fall in the future until it subverts people's perception of diamond value preservation.
It is reported that diamonds are essentially just a form of carbon. This element is abundant on the earth, and it can be synthesized artificially in large quantities, so it is no longer a rarity.
Related articles: