Are diamonds getting cheaper?

[Dancing Fire]

De Beers Cuts Diamond Prices by About 5% as Industry Crisis Deepens

(Bloomberg) -- De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.The company, the world’s biggest diamond producer, lowered prices by about 5% at its November sale, according to people familiar with the...

finance.yahoo.com

 

[xxxxxx]

Quote from Bloomberg
"The price cut is unlikely to trickle down to the retail market and consumers shouldn’t expect to see diamond prices getting cheaper anytime soon."

Bloomberg - Are you a robot?

 

[AprilBaby]

If only.....

 

[HDer]

Yes. And it's pretty clear from the pricescope price graphs. Especially for the under half caraters. They've dropped a whopping 30 percent from the peak.

 

[Snowdrop13]

Indeed, here’s the chart,

 

[Pecel]

What is the current mid-January trend?

 

[the_mother_thing]

What is the current mid-January trend?

Diamond Price Chart: Compare Prices from 1 Million+ Diamonds

Explore up to 10 years of diamond pricing trends from over 1 million diamonds. Compare prices from top vendors to make informed buying decisions.

www.pricescope.com

 

[dk168]

DF, are you planning your next upgrade already?

DK

 

[denverappraiser]

Yes, diamonds are getting cheaper, at least in a broad view sense. The internet has driven down prices at retail for years and the miners keep on raising theirs. Meanwhile, melee, the little things on your watch band and in your tennis bracelet, are getting hammered by competition from the synthetics. Those are a big piece of the diamond pie even though they aren't what gets talked about much here. The result is a serious pinch on the people in the middle. Cutters, wholesalers, and retailers. What they’re talking about here is the miners FINALLY showing some mercy to their customers. It’s unlikely you’ll see any changes on the retail end from this.

 

[AV_]

the little things on your watch band and in your tennis bracelet, are getting hammered by competition from the synthetics. ...though they aren't what gets talked about much here.

Tennis bracelets do get talked about. I hear of certified rows of 30p H&A & remember how those stacks of paper came to be not unthinkable ,(

Odd times

 

[MRBXXXFVVS1]

I have noticed diamond pricing declining over the last year or so. I read in an article (can't find the original one) that confirmed this, believe it was less demand for earth mined diamonds due to availability of lab created diamonds, demand of colored stones, and overall less demand for diamonds - millennials are choosing to spend their money on experiences and prioritizing other things.

 

[denverappraiser]

Watch out for claims of what is due to what. There are many hidden agendas here. For example, marriage is less popular with young people than it used to be for reasons that have nothing to do with diamonds. It could be ‘due to’ that. As noisy as they are, synthetics continue to only be a few percent of the market.

 

[Karl_K]

This was DeBeers bringing its prices in line with the auction prices.
But it was undercut by them making the site holders take the boxes where they had the option to not take them earlier in the year.
Its more a result of Banks cracking down on the industry than anything else.