Anonymous wrote:The diamond market is collapsing and will continue to do so. It is hard for those who spent $$$ on mined diamonds or work in that area. They are trying to make it seem like lab created diamonds aren’t an exact substitute but we all know they are.
Anonymous wrote:Really interesting article about the difference.
https://markets.businessinsider.com/news/commodities/lab-grown-diamond-prices-engagement-rings-carat-value-outlook-jewelry-2024-2
Basically, labs are worthless and the prices are down 90%. Jewelers claim that couples are coming in 3 to 5 years after they bought lab to get a smaller natural diamond.
Today, as the supply chain normalizes—and the traditional three-year cycle of engagement to marriage reemerges—prices are collapsing as a result of several recent trends. First and foremost, the massive success of lab-grown diamonds (LGDs) has reduced prices for natural stones well beyond what the mining industry had expected, driven largely by consumers who want more affordable options. Second, in the context of rising environmental, social, and governance (ESG) concerns, consumers are looking for improved sourcing traceability for their gems. And third, industry players are navigating sanctions against products from Russia, a major rough-diamond producer.
Anonymous wrote:Really interesting article about the difference.
https://markets.businessinsider.com/news/commodities/lab-grown-diamond-prices-engagement-rings-carat-value-outlook-jewelry-2024-2
Basically, labs are worthless and the prices are down 90%. Jewelers claim that couples are coming in 3 to 5 years after they bought lab to get a smaller natural diamond.
Anonymous wrote:Really interesting article about the difference.
https://markets.businessinsider.com/news/commodities/lab-grown-diamond-prices-engagement-rings-carat-value-outlook-jewelry-2024-2
Basically, labs are worthless and the prices are down 90%. Jewelers claim that couples are coming in 3 to 5 years after they bought lab to get a smaller natural diamond.
Fierce Competition From Lab-Grown Diamonds Has Been Making Natural Ones Cheaper
Natural diamond prices have dropped about 8% in the past five years, as more and more love-struck singles popped the question with bigger, cheaper, lab-grown rocks. In the US alone, mined diamond jewelry sales tumbled 0.7% in November from the year before, while lab-grown ones climbed 12.5%. The competition has become so fierce that De Beers – the biggest name in diamonds – recently cut the price of its rough stones by 15%. That’s not a move made lightly: the world’s biggest miner has long used scarcity to keep prices high and rising. But that’s become less effective now that folk can simply buy lab-grown versions instead.
…
Falling demand has chipped away at the price of mined stones, and manufacturing improvements have brought lab-grown prices down too – by 75% since 2020, in fact. And that’s put a lot more bling within reach.
Diamond prices are tumbling as both natural and lab-grown varieties lose their sparkle with customers worldwide
The price of both natural and lab-grown diamonds has tumbled in the past two years, according to a report, as marriage proposals slowed and inflation increased.
Diamonds might still be out of many people’s price range, but they’re not quite so far out of reach these days.
Over the past two years, the price of natural diamonds has fallen by 26%. Lab-grown diamonds, meanwhile, are down 74% compared to their prices in 2020, according to a report in the Guardian.
The news comes as diamond giant De Beers recently reported it started 2024 with a stockpile of $2 billion in diamonds and was unable to whittle that down much as the year went on. Demand has been on the decline for a number of years due to inflation, a slowdown in the luxury sector, fewer marriage proposals in a post-COVID world, and an increased interest by Generation Z in lab-grown diamonds.
Demand in China has also ebbed.
De Beers sales in the first half of last year were down 20% compared to the year prior.
Anonymous wrote:Anonymous wrote:Yes. They are done as an investment. I continue to buy 22K gold or 99.9 silver.
22k gold is soft. Do you actually wear it or just keep it in bricks??
Anonymous wrote:Yes. They are done as an investment. I continue to buy 22K gold or 99.9 silver.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:My engagement diamond has big visible inclusions because my DH didn’t notice, so I figure now they’re special marks of earth.
And hopefully not human suffering, I guess?
OMG
Mine too![]()
I figured I was the only one with an unobservant DH.
Lol yeah and I am not going to be the one to tell him.
I have no idea if he got a bad price or if they didn’t point them out to him but I’m pretty sure he didn’t/doesn’t know. It’s clearly visible to the naked eye. I don’t care and I’ll just take it to the grave, lol.
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Me too. I'll never tell. He was a poor student then an I think the jeweler ripped him off, but he moonlighted at the post office to pay for it, so it's more valuable to me than the stone is worth.
Replace the stone with a lab diamond.
Anonymous wrote:fake diamonds (lab and cz) are identified as such real diamonds are forever