According to a joint statement released by the Diamond Dealers Club and the Diamond Manufacturers and Importers Association, most jewellers reported solid year-end performances, with sales remaining steady or improving compared to the previous year.
Industry leaders reaffirmed the resilience of natural diamonds, highlighting their status as symbols of love, luxury, and timeless beauty. The organisations dismissed claims of weakening diamond prices, calling such narratives misleading. While minor pricing fluctuations may occur, they emphasized that these are not reflective of broader market trends.
A key factor boosting natural diamond prices may be the sharp decline in lab-grown diamond (LGD) prices. Industry data, shared by analyst Edhan Golan, reveals LGD wholesale prices averaging just over $100 per carat—a significant drop. As lab-grown diamonds lose their high-value perception, their appeal for meaningful gifting occasions diminishes, further solidifying natural diamonds as the ultimate choice for commemorating life’s special moments.
The statement urged industry stakeholders to shift pricing discussions from discounts to dollar terms, emphasizing the rarity and intrinsic worth of natural diamonds as luxury items.
“This is a pivotal time for the diamond industry to unite in promoting the confidence, value, and unmatched beauty of natural diamonds,” the statement concluded. “Together, we can preserve their status as the ultimate expression of love, legacy, and sophistication.”
Natural diamonds continue to captivate consumers worldwide, securing their place as timeless treasures in the luxury jewellery and watch market.
