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 are still technically both real diamonds.
What Should You Buy Today?
The first thing you should buy is an engagement ring – if you are planning to propose in the near future. Because of the diamond prices, you can buy a high-quality diamond that isn’t as expensive as it was before. Right now, an engagement ring starts at $1000. Before it usually started at $3000 for a good diamond.
Next, you should buy jewelry with smaller diamonds because you can own a piece that has many diamonds, but you don’t have to pay an obscene amount as before. You can buy earrings, bracelets, rings, and more.
What Styles Are Best?
For rings, here are some great options:
For necklaces, here are some you can use every day:
For bracelets, there are too many too mention. However, the most popular seems to be the tennis bracelet.
Here are some other styles that you can ask for. They work for all types of jewelry:
Should you buy a jewelry set? Of course! You can buy several sets that complement each other so you can mix and match. They usually include a pair of earrings, a necklace, and a ring. Some sets include bracelets as well. You just have to ask.
Are they expensive? Yes, because you’re buying more than one piece. No, because you get a discounted price for buying several pieces at once. That is usually how jewelers price their goods.
Now, which jewelry piece will you buy first? If you are considering Vancouver diamonds, check your local providers and check accreditations as well.