Sudden "diving"! Will it be cheaper in the future?, Diamond Price | Diamond | Diving
According to the CNBC website in the United States, the latest global rough diamond price index shows that diamond prices have fallen by 6.5% since the beginning of this year, an 18% drop from the historical high in February 2022. Analysts say that the price of diamonds will further "dive".
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According to CNBC, a 1 carat natural diamond with slightly higher than average quality was priced at $6700 a year ago, but now the same diamond is priced at $5300. One of the reasons why diamond prices have started to decline is the expansion of the artificial diamond market.
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According to reports, in 2020, the market share of synthetic diamonds was only 2.4%. So far this year, this proportion has reached 9.3%.
![Sudden "diving"! Will it be cheaper in the future?, Diamond Price | Diamond | Diving](https://a5qu.com/upload/images/391e09dea88030a42e5562a02121807b.jpg)
Artificial diamonds, cultivated in laboratory simulated high-temperature and high-pressure environments, have almost no difference from natural diamonds, but their prices are lower, which has led more consumers to turn to artificial diamonds. With the improvement of machine efficiency, the price of artificial diamonds is also decreasing, and the profit margin of retail is also expanding.
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In the past three years, the price of synthetic diamonds has fallen by 59%, while retail profit margins can reach 60%, much higher than the 34% of natural diamonds.
![Sudden "diving"! Will it be cheaper in the future?, Diamond Price | Diamond | Diving](https://a5qu.com/upload/images/5c4a0a5b6fbf0dc5478762a71bd3ede1.jpg)
Analysts say that global diamond prices will further decline. It is expected that the price of natural diamonds will decrease by 20% to 25% compared to the current price in the next 12 months, and by 40% compared to the peak in February last year.
![Sudden "diving"! Will it be cheaper in the future?, Diamond Price | Diamond | Diving](https://a5qu.com/upload/images/28e374aa01d26ad07a891537b572f6a6.jpeg)