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Are diamonds getting cheaper?

Dancing Fire

Super_Ideal_Rock
Premium
Joined
Apr 3, 2004
Messages
30,802
 

HDer

Brilliant_Rock
Premium
Joined
Aug 20, 2017
Messages
673
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.
 

dk168

Ideal_Rock
Premium
Joined
Jul 7, 2013
Messages
5,143
DF, are you planning your next upgrade already?

DK :lol-2:
 

denverappraiser

Ideal_Rock
Trade
Joined
Jul 21, 2004
Messages
8,737
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_

Ideal_Rock
Joined
Aug 5, 2018
Messages
3,091
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

Shiny_Rock
Joined
Dec 5, 2019
Messages
217
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

Ideal_Rock
Trade
Joined
Jul 21, 2004
Messages
8,737
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

Ideal_Rock
Trade
Joined
Aug 4, 2008
Messages
8,944
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.
 
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