The price of gold falls and the diamond glory returns

The price of international diamonds has risen more than 150% in four years

The greatest value of diamonds, condensed in the smallest volume, is a symbol of wealth and love. In recent years, it has become more and more popular. Whether it is a newcomer who is about to step into the marriage hall or a savvy person with financial management, diamonds are the goals that they strive for and hope for. It is precisely because of this that diamond investment has become a hot topic in the lanes and lanes and circles. Not only that, but many people have competed. As a result, diamonds have become the “crazyest stone” in the jewelry industry.

Contrary to the continuous plunge of gold this year, the price of diamonds and jewellery has risen steadily. An Information Times reporter recently saw a gold jewelry store in Tianhe City. A middle-aged couple chose a colored gem called red tourmaline, and couldn't help but be shocked when they saw prices. “Two years ago this red tourmaline was only seventy-eight. Thousand yuan, now it's actually going to be more than 40,000, and it's gone up more than five times!” explained the person in charge of the jewellery store. It's not surprising that with the depletion of raw materials for the gems, either Paraiba or Tan Sang stone, grape stone, Hibiscus stone, watermelon tourmaline, etc., almost all jewelry prices are rising several times every year, this year's diamond prices rose by an average of 10% to 20%.

It is understood that in the past 50 years, the price of diamonds has increased by 16% per year. In particular, the price of diamonds has been rising in recent years, and the cumulative increase in international diamond prices has exceeded 150% in four years. Among them, 50 points rose about 110%, 1 carat rose about 200%, 3 carat rose about 235%, and 5 carat rose about 272%. Information from various gold stores and jewellery stores reported that sales of jewellery and diamonds have risen sharply this year, especially in the context of the recent plunge in gold. According to statistics, diamond sales in the country exceeded 1 billion yuan in the past year, of which diamond consumption from 2 to 5 carats increased by more than 40% year-on-year.