Diamond Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Diamond in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

For the First Half of 2022

Asia

The Indian jewellery industry is currently reeling under stress owing to the constricted supply and rising operating and transportation costs. The industry has passed the burden of price rises to consumers to protect their shrinking profit margins.

The raised diamond prices were due to the recovery measures undertaken by the jewellery industry to cover the losses incurred during the peak covid-19 season. With the US imposing sanctions against the biggest producer of rough diamonds, Alrosa (Russia), the prices in the Indian market have shot up by 30% for rough diamonds.

The Indian producers are facing a double whammy surge in diamond prices and dipping demand. With covid restrictions in China, the demand for Indian polished diamonds declined. Also, the diamond prices surged further as the US and European buyers insisted on certificates of origin after sanctions against Russian diamond exports.

Europe

With US and Europe imposing sanctions on Alrosa- the biggest diamond mining company, the global supply of rough diamonds was slashed by 40%. The price of a small diamond, usually clustered around a solitaire ring, jumped around 20% due to market conditions. The price trends of diamonds soared throughout the European market and are likely to keep on the higher side of the scale for the upcoming months.

Procurement Resource provides latest prices of Diamond. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.