2023-07-03 15:02:00
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The Zimnisky Global Rough Diamond Price Index (Zimnisky Global Rough Diamond Price Index) shows that global rough diamond prices have fallen by 13.6% in the past year, and by 6.6% from January 2023.

Industry personnel analyzed that the decline in diamond prices was partly due to the impact of the global economic slump. In addition, some practitioners believed that the growth of the laboratory-grown diamond market also indirectly affected the price of rough natural diamonds.

Similarly, the price of lab-grown diamonds is on a downward trend. With the maturity of technology and the gradual increase in production, the global price of lab-grown diamonds is declining every year. According to Bain & Company’s report, the retail price and wholesale price of polished laboratory-grown diamonds in 2020 have fallen from 35% and 20% of natural diamond prices in 2020 to 30% and 14% in 2021. CNBC reported citing data that in 2023 the price of laboratory-grown diamonds has fallen to even only 75% to 90% of natural diamonds.

The industry media National Jewelry reported in 2022 that the global laboratory-grown diamond market size is about 9 billion to 10 billion US dollars (about 64.584 billion to 71.76 billion yuan), accounting for more than 10% of the global diamond jewelry market. Among them, the United States is still the world's largest consumer market for lab-grown diamonds, accounting for 80% of sales.

Edahn Golan, CEO of an independent diamond market research firm, told CNBC, “(Rough natural diamonds) prices are likely to continue to fall, especially because the profit margins of lab-grown diamond retailers are particularly high, about 60%, while natural diamonds The profit margin of the company is only 34%.”

This has also forced many well-known diamond retailers to increase investment in laboratory-grown diamonds. Enterprises such as De Beers and Signet (the largest diamond jewelry retailer in the United States) that originally focused on the natural diamond market, as well as affordable luxury brands such as Pandora and Swarovski, have launched lab-grown diamond products in their own ways.

Since natural diamonds and laboratory-grown diamonds have the same physical characteristics, and international diamond appraisal agencies also have quality appraisal standards for laboratory-grown diamonds, laboratory-grown diamonds have become a popular choice for many consumers (especially American consumers). ) alternatives.

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