Natural diamond prices tend to increase slightly

The price list of artificial or natural diamonds at PNJ, DOJI, Diamond World… stores also has some differences depending on the prestige and popularity of the brand.

Update domestic diamond prices on September 15, 2024

In general, the diamond price list on the market is very diverse, can fluctuate according to the economic market situation at home and abroad, moreover, the interest and demand of consumers for artificially cultured moissanite diamonds has decreased sharply, which is also a core factor determining the price of diamonds.

Leading diamond analyst Paul Zimnisky predicts that diamond manufacturers will shrink their lab-grown diamond business while increasing their focus on natural diamonds in the coming year. In fact, most manufacturers don’t even keep lab-grown diamonds in stock, buying them on consignment.

This is in stark contrast to what diamond manufacturers have been doing since 2018, when the man-made diamond craze exploded.

He said synthetic diamond prices will continue to fall next year. Specifically, he said lab-grown diamonds could see a similar decline in price in 2023, which jewelry analytics firm Tenoris estimates at around 20% in the 12 months to November 2023.

Cormac Kinney, CEO of commodities trader Diamond Standard, believes the fall could be even steeper as the hype around synthetic gems fades. He estimates that prices of synthetic diamonds could eventually fall another 50% to 80%.

Source: https://congthuong.vn/gia-kim-cuong-tu-nhien-co-xu-huong-tang-nhe-345968.html