It’s a sad reality for jewelers, but diamonds are definitely dropping in prices. Even De Beer’s one of the biggest diamond providers has cut their diamond prices by 5%. The great thing about this is that more people can experience the joy of owning a diamond ring or a pair of diamond earrings.
How Much is a Diamond These Days?
We’re not saying that diamonds are cheap now, but they are more accessible because their price has dropped since the rise of ethical mining, more mining regulations, and the introduction of lab grown diamonds.
The wholesale price recently stood at $50 per carat. If you are a jeweler, then this is a great price. Once you sell it, however, it’s not such a good price. Lab grown diamonds on the other hand are $300 per carat, but the retail price is not as blown up as diamonds.
The difference is because real diamonds are mined and still have that reputation of being more precious because people made more effort to find it, the earth made it, and other such notions. Lab grown diamonds are not as impressive to jewelry connoisseurs because it’s manufactured faster. Still, they are both beautiful and …