DIAMOND PRICES HAVE COLLAPSED?! Learn what is happening in the diamond industry as of late #diamond
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25% Off Rings PLUS 30% off lab diamond prices- https://www.jamesallen.com/?a_aid=5a7...
My favorite Diamond Vendors - https://www.jamesallen.com/?a_aid=5a7...
https://bluenile.com/?a_aid=5a73fd85d...
LED Ring Box- https://www.amazon.com/dp/B0C15CJ1JT
Tips on saving thousands - https://www.diamondcityonline.com/4-c...
For a list of great diamond specials, I post weekly here
https://www.diamondcityonline.com/dia...
https://www.diamondcityonline.com/jam...
Please support the channel by smashing that like button and drop a comment if you have any questions.
➽ Email - [email protected]
-- Support This Channel -
★Contribute via PayPal -paypal.me/OsirisDiamondcity
Are diamonds really forever? Well, not if you've been following the dramatic twists and turns as of late! Brace yourselves, because we're about to take you on a wild journey through the glittering world of diamonds. From soaring highs to plummeting lows, from natural gems to lab-grown marvels, and even a touch of international intrigue, this is a diamond saga that's as captivating as it is sparkling. So, if you've ever wondered why diamond prices are in a nosedive or why lab-grown diamonds are becoming the new craze, stick around because Ive got all the details in store for you. Lets get into it!
Greetings, jewelry aficionados! Today, we've got an intriguing tale to unravel, one that's shaking up the diamond industry and leaving many to ponder the future of this beloved gem. If you are new to the channel, I am a GIA trained diamond expert that spent many years in the business and now I help people learn how to buy diamonds Diamond prices are experiencing quite the rollercoaster ride. In fact, it's more like a downhill plunge.
You see, these precious gems have lost their sparkle in the eyes of buyers. Diamond prices have tumbled by a whopping 23.9% from their all-time highs in February 2022. Here are some numbers. 1 carat diamonds have lost 23.9 from last years time. .50 carats has lost 24.4% and 3 carat diamonds lost a 15.2% So, why are diamonds losing their luster? Well, let's rewind a bit. During the COVID-19 pandemic, diamonds, along with other jewelry, witnessed a remarkable surge in prices. People were ready to spend! People were Flush with cash from thriving capital markets, Bitcoin gains, NFT scams and economic stimulus programs, they were eager to splurge on meaningful gifts. When travel and dining out were off the table, luxury goods and jewelry stepped in to fill the void, gobbling up all that excess money.
But when the world began to reopen, It turns out that all that extra money went back into experiences, travel, and dining - anything but diamonds! Also, the economy is in a downturn. High inflation and interest rates continue to restrict middle America’s spending. D
Now, let's talk about the game-changer - lab-grown diamonds. They are chemically and optically the same as natural diamonds and they are exploding in popularity. One of the clearest signs of the traction being made by lab-grown diamonds is their share of diamond exports from India, where about 90% of global supply is cut and polished. Lab grown accounted for about 9% of diamond exports from the country in June, compared with about 1% five years ago. Given the steep discount that they sell for. according to Liberum Capital Markets that means about 25% to 35% of volume is now lab grown. Historically, they are at their most competitive price nw due to new advanced tech. 5 years ago, they were 30% off natural diamond prices and now with their prices sinking to 75% to 90% below natural diamond prices more consumers are turning to these lab-grown beauties, . it's like upgrading your flight to first class for the cost of an economy ticket.
To counter this trend, industry leader De Beers has taken aggressive steps, including substantial price reductions for 2-4 carat roughs.
Debeers typically resorts to significant price reductions as a last resort. However, the scale of these recent cuts is extraordinary, akin to a clearance sale at your favorite store. In June 2022, De Beers was charging about $1,400 a carat for the select makable diamonds. By July this year, that had dropped to about $850 a carat. And there may be more room to fall. Remarkably, lab-grown diamonds are altering the market dynamics, impacting De Beers' profitability. During the first half of the year, their profits plummeted by over 60%, and their average selling price followed suit.
In international news . The G7 economies are getting together to discuss imposing sanctions on Russias Diamonds meeting to discuss potential sanctions on Russian diamonds. Russia is one of the largest exporters of diamonds, In fact, Around one-third of the world’s supply of diamonds are mined in the Siberian region of Yakutia by Russian state-owned company Alrosa.
My favorite Diamond Vendors - https://www.jamesallen.com/?a_aid=5a7...
https://bluenile.com/?a_aid=5a73fd85d...
LED Ring Box- https://www.amazon.com/dp/B0C15CJ1JT
Tips on saving thousands - https://www.diamondcityonline.com/4-c...
For a list of great diamond specials, I post weekly here
https://www.diamondcityonline.com/dia...
https://www.diamondcityonline.com/jam...
Please support the channel by smashing that like button and drop a comment if you have any questions.
➽ Email - [email protected]
-- Support This Channel -
★Contribute via PayPal -paypal.me/OsirisDiamondcity
Are diamonds really forever? Well, not if you've been following the dramatic twists and turns as of late! Brace yourselves, because we're about to take you on a wild journey through the glittering world of diamonds. From soaring highs to plummeting lows, from natural gems to lab-grown marvels, and even a touch of international intrigue, this is a diamond saga that's as captivating as it is sparkling. So, if you've ever wondered why diamond prices are in a nosedive or why lab-grown diamonds are becoming the new craze, stick around because Ive got all the details in store for you. Lets get into it!
Greetings, jewelry aficionados! Today, we've got an intriguing tale to unravel, one that's shaking up the diamond industry and leaving many to ponder the future of this beloved gem. If you are new to the channel, I am a GIA trained diamond expert that spent many years in the business and now I help people learn how to buy diamonds Diamond prices are experiencing quite the rollercoaster ride. In fact, it's more like a downhill plunge.
You see, these precious gems have lost their sparkle in the eyes of buyers. Diamond prices have tumbled by a whopping 23.9% from their all-time highs in February 2022. Here are some numbers. 1 carat diamonds have lost 23.9 from last years time. .50 carats has lost 24.4% and 3 carat diamonds lost a 15.2% So, why are diamonds losing their luster? Well, let's rewind a bit. During the COVID-19 pandemic, diamonds, along with other jewelry, witnessed a remarkable surge in prices. People were ready to spend! People were Flush with cash from thriving capital markets, Bitcoin gains, NFT scams and economic stimulus programs, they were eager to splurge on meaningful gifts. When travel and dining out were off the table, luxury goods and jewelry stepped in to fill the void, gobbling up all that excess money.
But when the world began to reopen, It turns out that all that extra money went back into experiences, travel, and dining - anything but diamonds! Also, the economy is in a downturn. High inflation and interest rates continue to restrict middle America’s spending. D
Now, let's talk about the game-changer - lab-grown diamonds. They are chemically and optically the same as natural diamonds and they are exploding in popularity. One of the clearest signs of the traction being made by lab-grown diamonds is their share of diamond exports from India, where about 90% of global supply is cut and polished. Lab grown accounted for about 9% of diamond exports from the country in June, compared with about 1% five years ago. Given the steep discount that they sell for. according to Liberum Capital Markets that means about 25% to 35% of volume is now lab grown. Historically, they are at their most competitive price nw due to new advanced tech. 5 years ago, they were 30% off natural diamond prices and now with their prices sinking to 75% to 90% below natural diamond prices more consumers are turning to these lab-grown beauties, . it's like upgrading your flight to first class for the cost of an economy ticket.
To counter this trend, industry leader De Beers has taken aggressive steps, including substantial price reductions for 2-4 carat roughs.
Debeers typically resorts to significant price reductions as a last resort. However, the scale of these recent cuts is extraordinary, akin to a clearance sale at your favorite store. In June 2022, De Beers was charging about $1,400 a carat for the select makable diamonds. By July this year, that had dropped to about $850 a carat. And there may be more room to fall. Remarkably, lab-grown diamonds are altering the market dynamics, impacting De Beers' profitability. During the first half of the year, their profits plummeted by over 60%, and their average selling price followed suit.
In international news . The G7 economies are getting together to discuss imposing sanctions on Russias Diamonds meeting to discuss potential sanctions on Russian diamonds. Russia is one of the largest exporters of diamonds, In fact, Around one-third of the world’s supply of diamonds are mined in the Siberian region of Yakutia by Russian state-owned company Alrosa.
11 ماه پیش
در تاریخ 1402/07/07 منتشر شده
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