Diamond is on track to be a fast fashion jewelry due to major price crash and it doesn’t look like it’s going to recover.

Reason : China crashing the market and diamonds are no longer monopolized by debeers.
Lab diamond prices are dropping by 30% every year.
They’re selling at less than USD100 per carat in China.

https://www.starsgem.com/round-1ct-1-99ct/r...wn-diamond.html

Mined diamond is slightly more expensive, but price is also dropping.

Assuming it’s a diamond ring, the gold/platinum in the ring is likely worth more than the diamond.



This post has been edited by LegendLee: Aug 2 2025, 02:03 AM