DIAMOND PRICES HAVE COLLAPSED?! Learn what is happening in the diamond industry as of late
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- Опубликовано: 30 сен 2024
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Are diamonds really forever? Well, not if you've been following the dramatic twists and turns as of late! Brace yourselves, because we're about to take you on a wild journey through the glittering world of diamonds. From soaring highs to plummeting lows, from natural gems to lab-grown marvels, and even a touch of international intrigue, this is a diamond saga that's as captivating as it is sparkling. So, if you've ever wondered why diamond prices are in a nosedive or why lab-grown diamonds are becoming the new craze, stick around because Ive got all the details in store for you. Lets get into it!
Greetings, jewelry aficionados! Today, we've got an intriguing tale to unravel, one that's shaking up the diamond industry and leaving many to ponder the future of this beloved gem. If you are new to the channel, I am a GIA trained diamond expert that spent many years in the business and now I help people learn how to buy diamonds Diamond prices are experiencing quite the rollercoaster ride. In fact, it's more like a downhill plunge.
You see, these precious gems have lost their sparkle in the eyes of buyers. Diamond prices have tumbled by a whopping 23.9% from their all-time highs in February 2022. Here are some numbers. 1 carat diamonds have lost 23.9 from last years time. .50 carats has lost 24.4% and 3 carat diamonds lost a 15.2% So, why are diamonds losing their luster? Well, let's rewind a bit. During the COVID-19 pandemic, diamonds, along with other jewelry, witnessed a remarkable surge in prices. People were ready to spend! People were Flush with cash from thriving capital markets, Bitcoin gains, NFT scams and economic stimulus programs, they were eager to splurge on meaningful gifts. When travel and dining out were off the table, luxury goods and jewelry stepped in to fill the void, gobbling up all that excess money.
But when the world began to reopen, It turns out that all that extra money went back into experiences, travel, and dining - anything but diamonds! Also, the economy is in a downturn. High inflation and interest rates continue to restrict middle America’s spending. D
Now, let's talk about the game-changer - lab-grown diamonds. They are chemically and optically the same as natural diamonds and they are exploding in popularity. One of the clearest signs of the traction being made by lab-grown diamonds is their share of diamond exports from India, where about 90% of global supply is cut and polished. Lab grown accounted for about 9% of diamond exports from the country in June, compared with about 1% five years ago. Given the steep discount that they sell for. according to Liberum Capital Markets that means about 25% to 35% of volume is now lab grown. Historically, they are at their most competitive price nw due to new advanced tech. 5 years ago, they were 30% off natural diamond prices and now with their prices sinking to 75% to 90% below natural diamond prices more consumers are turning to these lab-grown beauties, . it's like upgrading your flight to first class for the cost of an economy ticket.
To counter this trend, industry leader De Beers has taken aggressive steps, including substantial price reductions for 2-4 carat roughs.
Debeers typically resorts to significant price reductions as a last resort. However, the scale of these recent cuts is extraordinary, akin to a clearance sale at your favorite store. In June 2022, De Beers was charging about $1,400 a carat for the select makable diamonds. By July this year, that had dropped to about $850 a carat. And there may be more room to fall. Remarkably, lab-grown diamonds are altering the market dynamics, impacting De Beers' profitability. During the first half of the year, their profits plummeted by over 60%, and their average selling price followed suit.
In international news . The G7 economies are getting together to discuss imposing sanctions on Russias Diamonds meeting to discuss potential sanctions on Russian diamonds. Russia is one of the largest exporters of diamonds, In fact, Around one-third of the world’s supply of diamonds are mined in the Siberian region of Yakutia by Russian state-owned company Alrosa.
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This is great news, lets hope consumers continue to buy anything other than diamonds. The diamond industry is such a scam.
You couldn't be more wrong, millions of people live of this industry, from miners in Africa to polishers in India to dealers all over the world, as opposed to a handful of manufacturers that will monopolise the lab grown industry, think outside the box, i know it's hard sometimes.
@@samyezzeddine7436 what was I wrong about? I never said the diamond industry wasn’t huge, of course it employs many people because the prices of diamonds and profit margins are obnoxious. And if you think the earth mined diamond industry is a not monopoly, you don’t know what you are talking about. Debeers controls the market.
@@williamsvohong2981 the marketing campaign for diamonds has people thinking that typical diamonds are rare and therefore command ridiculous prices. A typical 1-2 ct G -H color VS stone are a dime a dozen, yet they cost thousands of dollars and guys are forced to buy them for their wedding and engagement rings.
@@RodSherwood1 Actually for a while already they're on the background with Alrosa, BHP, Rio Tinto and several other big players owning a big part of the production these days. Alos prices are based on supply and demand and are analysed and indicated by Martin Rapaport not De Beers. The reason they don't flood the market with diamonds is to keep this supply and demand chain on par as not to harm businesses and individuals that own stock or personal diamonds. U wouldn't supply the world with double the amount of iphones either cause it will brick their prices. DeBeers hasn't had any big marketing campaigns for a while now and if u just look at what they've meant for the economic growth of Botswana and its people you would think more objectively.
I buy rough diamonds for a living and I support many small scale mining operations in Africa that give opportunity to people less fortunate than you who aren't protected by social security and need this industry to get by in life. Unlike what people still tend to perceive as a business based on tyranny and despair as it was during the time in Sierra Leone when the rebels used diamonds to buy weapons. Apart from those people there are thousands of offices, polishing factories, certificate centers, etc that employ hundreds of thousands of people. So yeh I think I'm good in the way I perceive the reality, it's just a make money quick scam by jewellers who make 80% on lab growns iso 20% on natural with a much lower investment. You're the one getting scammed in the end cause they're worthless the moment u leave the shop. Enjoy your plastic
@@williamsvohong2981prices are fixed . Better off buying a Carson City coin
It isn’t a price collapse.. it’s coming down to what the price should realistically be at. Diamond prices are kept artificially high by controlling supply.
I agree it’s a correction.
So true. the price was kept artificially high for decades, by the diamond cartels releasing few diamonds to the public. such a dodgy price model. and people don't ever wonder the history behind the famous south african company that actually started the advertising campaign after WW2 to start the whole "you must have a diamond for an engagement ring" bs trend.
It’s still way too expensive
they are. they’re severely marked up without needing to be
Another person that doesn't understand how the money supply works. Inflation is a product of government and government alone, not supply and demand, not greedy corporations, not you, and not me, but government ( more specifically, central banks).
Team Lab bc I am pro Africa and the exploitation needs to stop in my beautiful motherland. Make all the lab rocks you can and free the kids of Africa
show a mine where kids are working you cant. Stop spreading disinformation about the diamond industry its not the 90s anymore ! Many botswanian and namibian people have well paid trained jobs and lab growns shifts those jobs to china or india where they arent well paid basically slave labour
Dont forget the cobalt and lithium mines
Because it was a sham to begin with.
Yep
Well that Monopoly ended!🤣
Thank God. I was almost duped into investing in diamonds 15 or so years ago. They even had the charts to show the steady rise of diamond investing but I didn't bite. I can only look back and smile now.
Were they trying to get you to buy fancy colored diamonds as an investment?
diamond prices have risen faster than the stock market in the last 15 years.
@@justicedemocrat9357I was thinking the same, should’ve bought and sold them 5 years ago….
@@justicedemocrat9357 retail? right...
That's ecactly what I had predicted years ago to an appraiser from an auction house. The same happened with natural pearls when cultured pearls were made available in abundance.
This is fantastic news and music to my ears! For years, they’ve been over inflating the prices of diamonds. For all these companies to make themselves richer. A selfish as they were. They no longer will. As peoples perspective on things change. And peoples likes also change about time that this happened it took a long time for this to come. I’m sure Tiffany’s & Co, Bulgari, and Louis Vuitton will feel the heat as well
It’s a great market disruption. Keeps these guys in check.
True, I am from Asia. Diamond here do not have high value and not prefered by most in Asia because of low resale value unless diamond with good cut with certification. What in demand is real gold 22k or 24 k. So, Im kinda shock when I went to Europe to find out that gold jewellery there is low in gold content, mostly 18 k but price highly because of diamond. Sometimes the diamond is lab diamond not even have certification but sell price is crazy. The worse is jewelery from luxury brand. So high price.
He’s not high even in the food chain. Time is running out in the diamond industry. Keep shit 💯 I’m an insider
Funny I can't save lab grown diamonds to save my life.
@@hawaandroid2786 18k is not low gold content. Anything higher than that is too soft for jewellery. It warps too early.
Diamonds have always been over price since the early 1900s
Facts
Marriage rates have also collapsed, this accounts for some of the demand decrease.
Money is tight
This is a big one single men don't buy diamonds.
So people are out here proposing with big ass fake diamonds? 😂
Yes big ass lab diamonds.
Earth diamonds are not rare, do not let retailers sell you on that. Dee beers is no better than OPEC.. They have been selling an idea. Its just a carbon crystal. Lab or from the dirt they are the same
They are not lab are even better at the same size on average..
OPEC sells something that the world needs in order to survive. DeBeers sells bullshit to morons
Extremely rare above 3 carats
When I first heard about lab grown diamonds, I figured this price drop was a given. I'm just surprised it didn't happen sooner!🤔👍🇨🇦
Looked for a new ring the other day, saw a diamond ring I liked but I thought "I'm not paying $1500 for a stone, a clear stone" the price for a diamond is just silly. Paying thousands for a small gem, nah no thanks anymore.
Damn these societal expectations!
Without a controlled market diamonds would be semi-precious stone.
The cash people were spending on diamonds was the money that the government gave them for groceries and utility bills. That's why the surge in buying diamonds.
people are finally realizing that diamonds are not that rare and we can make diamonds now. They are way overpriced. Wake up people!!!!
For sure not rare
@@OsirisDiamondsLV bags are not rare either. The market is flooded with fakes and super fakes but I have yet to see any Louis Vuitton store closings 😂. There will always be luxury buyers who want the “real” thing and are willing to pay for it.
watching debeers is like watching an old man slide into a warm bath - It's good to see old monopolies like that fall because the refuse to adapt to the consumer, and it's really nice to see the consumer still rules markets!!
Lmao great analogy.
Debeers could’ve invested into lab Diamond and controlled that market but nope and now they’re facing the consequences just like Kodak with cameras
@@evilsanta8585deeBeers IS invested in lab diamonds, why they closed many mines and started buying back large diamonds before covid.
De Beers do produce lab grown diamonds@@evilsanta8585
Actually, deBeers hasn't held a monopoly since the 90s.
Several other miners own major marketshare now.
More and more lab diamond factories are being built. Why should we buy a 1.5 ct lab diamond for $2,000 today, when there will be 10,000 more to choose from by Christmas?
Jewelry Stores have been marking up their $500 lab diamond purchase to $9,000 vs. marking up their natural diamonds, by 30%. In 5 years that $9,000 stone will be worth ten dollars and the natural diamond will be worth 70%, of its original price.
I don’t agree with you on this. Lab diamonds typically don’t go to 9k. Stores always mark up including naturals. Online pricing is competitive.
I got married for the first time in my life 6 years ago and when I proposed I did it without a diamond engagement ring. She said yes and we've been married ever since. We did exchange 24 karat gold wedding band rings at the ceremony, but no diamonds were involved. The juice just isn't worth the squeeze.
Buy your wife a diamond and see how she reacts then tell me about the squeeze
Imagine being that cheap
most asians prefer pure gold than diamond
@@jasonb518 diamonds are worthless
Yeah, we here in sea. Usually gives gold ring or any gold jewelry or even gold bar to soon to be wife. We even call it "wedding gold" in our own language.
Men are abandoning marriage, this has a huge impact on diamond prices. Also they’re artificially inflated to a ridiculous price.
The real reason why the price of diamonds is going down is that people are starting to understand that the diamond is the most common of the precious stones. There are a lot more diamonds than coloured stones like rubies, sapphires etc. The reason the diamonds WERE so expensive is because their marketing was cornered by the De Beers company who had imposed a strict monopoly. The artificial diamonds have brought the whole monopoly scam down.
They make rubies too
@@martinsmith852 We are living in a world where everything is fake!
Dont start blabbering on youtube if you dont know abt difference in turnover and profits .. secondly dont tell ppl abt yielding 3 cts of cut n polished diamond from a 4 cts rough .. get your facts correct n talk d talk .. there is no comparison between real diamonds n lab grown .. so try something else to promote ur channel but not diamonds
So glad to see an artificially inflated market take a beating. The ethics behind the bulk of naturally sourced diamonds seems to be easy to ignore. I genuinely hope Lab Grown diamonds destroy that market. Finally India's labour market is contributing something good to society.
It’s a good option for buyers
I’m surprised that didn’t happen years ago when they first came out with the lab diamonds. For jewelry purposes the lab diamonds are perfect. No customer can tell the difference, especially that lab diamonds are clearer. For industrial use, the lab products are an obvious choice. The natural diamonds, especially those yellow or pink are possibly good for collecting, but those semi clear are not as rare as jewelers want us to believe and there is no reason why they should be expensive.
Lab grown cost $2/ct to produce and are not saving the environment any harm. Why people buy them is beyond me
I remember a time when yellow or pink diamonds were considered trash - then they realised they could suck more $ - pink and yellow then became "rare "valuable"
Actually the only way you can tell the difference is if the diamond is perfect. If its perfect its lab grown. Ridiculous really on how they flip the narrative that natural diamonds are better but cant even give a reason why specially when lab grown are perfect.
Ironically the only way to know if a diamond is lab grown is if it is too perfect compared to natural diamonds.
@@Landstalker1999 true
Until Tiffany etc start using lab made diamonds they will have no value ! They have no resell value and they are over priced .
Just because the differential has increased then decreased doesn't for a second suggest lab grown will ever compete with natural. Yes both identical yada yada. People will always always pay much more for genuine regarless if we're talking diamonds or purses or art - identical molecularly but if not genuine then good luck. Clearly you have skin in the lab grown market and it definitely has its place but careful on suggesting anything that sounds like the two are interchangeable as people may get burned bad financially.
I prefer moissanite even over lab grown diamonds. Due to their properties they sparkle much more than diamonds. They also don't seem to get as dirty as diamonds for some reason so very little upkeep. Lab grown is the way to go even for gemstones. No reason to pay insane prices supporting industries that are not environmentally friendly and fuel conflicts.
All great points.
Big same!
Team moissanite!!!
You can’t deny all the bloodshed of natural diamonds.
#FACTS!!! I'm team moissanite too
Lab grown stones are NOT diamonds!
Natural are The Best!
At the same time., the abuse of People who mine real diamonds is intolerable!
I agree with your first point 100%.
Nobody wants diamonds any more. They just look like thick glass. Boring. Abundant. 👎
I wouldn’t say that. It’s part of the wedding cycle. As far as jewelry economy is shitty right now. When things are good jewelry will come back.
Cheaper is better for consumers, unless they come together like the Swiss watch makers and rise all their price and sell less of it. Lol
Cheaper options are a win for consumers. Keeps naturals in check too.
Even in the diamond district 💎 they don’t really care about diamonds 💍…, if you know, then you know 😉
not really into diamonds myself, but as a story, this tells me to own genuinely precious elements of the periodic table as a store of value, that no human alchemy can create, such as gold, as opposed to an infinitely createable material such as diamonds…or worse…crypto, which is infinitely more replicatable even than diamonds.
I'm no expert but the thing with crypto is being able to prove the sequence of transactions prior so you prove the legitimacy of the holding. However there are other threats like hacking, like losing your access key, like governments legislating against it or shutting it down. So far it hasn't come to that but if crypto presents a serious threat it could. JIMO either way interesting times...
@@deborahcurtis1385 yes…or kidnapping and torture until you reveal your keys and good luck getting help from the police…or a totally equivalent version of bitcoin that dilutes its value…over and over again…or the bitcoin programmer community agreeing endless forks…or extreme solar wind events causing mass computer network memory losses…or just some crazy virus like bug that eats away at the distributed ledger…the holes in the crypto bro arguments are endless…
@@deborahcurtis1385 Most crypto is a scam because it literally is just a ponzi scheme.
The way it works is some influential person either creates or buys a bunch of really cheap crypto, then shills it on social media which then convinces their fans to buy into it. This buying action then drives up the price which initiates another buying frenzy by people looking to make a quick buck. The influential person then dumps all their crypto, selling it as fast as possible, making millions and crashing it's price. People then start selling off as fast as possible to make back as much money as they can before it completely crashes. The end result is that wealth is simply transferred from the less fortunate masses to the now even richer influential person.
There are some staple cryptos that are not scams because they act more like fiat currency, where people more or less agree on it's price, but as you said it's very susceptible to outside interference. Bitcoin is always 1 law away from becoming worthless.
precious metals synthesis via nuclear transmutation is a thing, we just dont have enough energy/knowhow to do it economically and at scale.
@@buttlesschap i wont argue against this, but its similar to gold etc being minable in space or at the bottom of the ocean…maybe will happen…but at great exepnse and will require a giant rise in prices to maks it economic. whereas with crypto, seems replicatable for quite low cost by any corporation or billionare that decides to do it. of course the bitcoin bros will froth at the mouth and say im stupid for not recognising the true and fundamental scarcity of bitcoin…but sorry bros, i dont buy those arguments.
If I could buy a fake Tesla that is indistinguishable from a real Tesla for 25% of the price I damn sure would
Team lab. I just purchased a 3.18 ct D VVS1 hearts and arrows, GIA certified for a ridiculous price compared to 1-2 years ago.
Congrats! ❤️👏🎉🔥🤩 how much sister? Please share 👍😊
Sounds like a stunner! Congrats
GIA is an earth diamond cert. you mean IGI?
@Dirty2Clean1980 gia also has lab grown certificates not just igi.
@@andyponcia7722 he works for de beers. Time is running out in the diamond industry. He’s not being transparent. I’m an insider. And no he won’t have a bigger private gem collection than me. Real talk so keep it 💯
Investment Diamonds when is low price , within 2 years you can make 20% is it always like that
Re sell value and desirability of Lab diamond, cvd, hpht and moisonite it's very low and with the increasing flowin the market in short time will value Zero.
When lab grown gets ultra saturated, naturals will start garnering collectable prices
Russia and China have been unloading diamonds recently
Perhaps now the same happens to diamonds what has happened to pearls. Once a pearl necklace was worth a house (as in mansion, not in cottage).
It's true Diamonds price are in Bottom and reached 2004-5 price. In Lab diamonds some size reached their bottom like below 5 cts . As i am from Industry in my opinion its good time to buy Diamond if someone is waiting and looking for it as earth diamonds miners stop selling rough as its too low price point for them to run the show. So, either good quality diamond will sell out soon or price will go back up to get new production. Thank you.
If you’re from my industry you will know time is running out for diamond. Stop playing kiddo. And no I’m ain’t talking about the top 1% diamonds. I’m a whistleblower all lion here 💯🦁🔥⚡️💪🇦🇺✊
I agree with you. I think price will stabilize for now. If they tighten up supply, cost will stabilize. Good time to buy.
Bought a 3 Carat lab grown Diamond for $2100 dollars. basically cheaper than some of my bags.
Nicely done
🤩🤩🤩🥳🥳🥳🎉🎉🎉🔥🔥🔥
Where did you get it?
You still paid too much
@@michaelpratchett4415 included the setting.
Rubies and sapphires are much nicer and are actually rare.
Invest in gold
so far that hasn't been replicated.
About time that monopolizing speculative monster of diamonds to meet its end, they are responsible for the blood / diamonds market in Africa
Green Sapphire, star color change sapphires, morganite, peridot, and Turkish color change diaspore I think could have some of the biggest growths.
Wrong. Australian opal. 🔥🔥🔥🌈🌈🌈❤️❤️❤️💯💯💯
Do you think they will continue to go down in value?
I think it will stabilize. They are slowing down production. Will do another video soon on that. Slow down the supply in hopes to stabilize.
I was about to send some natural diamonds for grading so I can sell them😑 hope the price will even out a little..
Anyway, where did you get the stats? What was the avg price before covid?
Great video🙏🏻
Honestly, diamonds even when at their high don’t resell well. You will get almost nothing. The high price is all retail mark up. No one would buy it back for a high price.
PLEASE KNOW ABOUT THE DIAMOND INDUSTRY AND DIAMOND MANUFACTURING BEFORE YOU GIVE PEOPLE ADVICE AND KNOWLEDGE.
22 years ago I bought 500k in gold and 500k in platinum as a security against the market. I would never do that with diamonds especially with the advent of engineered diamonds.
No doubt I say always. Diamonds are not for investment
@@OsirisDiamonds but, they are a gay guys best friend!
@@OsirisDiamonds i bought 800k this year in diamonds, paid less than 30k for them, so far they all checked out and id say i made a great investment. ill sell for 25% value and still make a killing!
I don't think they can make gold or platinum in the lab ‼️
@@cynthiagonzalez658 nuclear transmutation can synthesize precious metals but we'd need a fusion level energy source to do it somewhat economically.
You can now buy an amazing wedding ring with a lab grown pink diamond for less than 1000$ !
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😂 you're completely missing the point people now understand that diamonds are worthless and they're only worth something because companies like the beers are refusing to release enough of them to cause the price to go to their true value.😂 That's why lab diamonds are more popular than ever. Why would I over pay for something when there's too many of them out there naturally also marriages are at an all-time low
I still can't accept lab grown diamonds. I prefer the natural ones.
lumps of carbon. Advances in technology will only make diamonds cheaper.
It stands to reason that diamond prices would approach the cost of lab grown and moissanite.
I think it will always be higher due to labor cost but certainly it’s being disrupted.
Moissanite sparkles more than diamond 💎🤫😉
DeBeers did well selling glass like shit for a few centuries and conning women that they “need” a diamond. Great marketing and supply control plan while it lasted.
Of course with lab created diamond at only 1 dollar per carat from china, who would still buy natural diamond.
From my perspective, now the lab grown market is seriously on the rise, it’s a great time to purchase a natural diamond & it’s possible prices for natural diamonds could (& likely will) drop even further…great news!!👍
A polished rock with a seemingly unlimited supply.
For sure not rare
Worth is based on rareness natural is down but when everyone has lab and nobody has natural the lab will become worthless and natural will be move expensive as ever
I have a gorgeous lab grown diamond, which has been customized just for me. It contains a tiny Autumn leaf that can be seen under the microscope. Can Debeers do that? I don't think so. I've even seen lab grown diamonds cut into beads, flowers, and animal shapes. Diamond cutters have been more artistic with the lab grown rough, with a beautiful result.
Did you get them to put “not for resale” on that too? Or just “gotch”. My man just get a CZ and call it a day. Lab grown. Hahahahha. You mean man made, which means it’s not a diamond. It’s just a rock. Diamonds, just like salt, carbon, water, oxygen, are all from nature and it’s processes. What you have is a man made stone sir. Call it what you like, but it’s not a diamond 💎. You can’t make a diamond. You have something that resembles a diamond. It’s like a beyond meat burger. You’ve got the attributes and such, but something just doesn’t taste the same. Don’t be a fool, you don’t eat fake burgers, why would you buy anything man made that comes from nature. We can’t do it better. It’s just an imitation. Now since you have the information use it.
@@2020Dreamlife You can get ice from a big, ancient glacier. Or you can make ice in your freezer at home. Either way, it is 100% genuine frozen H20.
@@2020Dreamlifeall of this!
@@OhJodi69keep thinking that applies to diamonds 🙄
Thank you very much Osiris for a very informative presentation about the diamond industry. Really appreciate your insight!
I understand that lab diamonds are certainly cheaper to procure. But do they hold their value as well as the natural diamonds ? If you have a need to re-sell the lab versions, that’s probably where you get a rude awakening, where buyers expect to get it for next to nothing.
The problem is natural diamond resale is also horrific. It’s a lose lose.
@@OsirisDiamonds I agree that these are not "investments" as such, and there will be loss in value over time. But the artificial version will drop like a rock, while the natural version's drop will not be anywhere as steep.
I think 5 ct and over do better
Seaworthy inclusions and making 3 1carat stones with a 4 carat rough man you should revise your videos before posting lol
People start to realize that real diamonds are as much worth as sand on a beach.
Finally, someone that knows what they are talking about. I truly feel sorry for the men that MUST buy a new earth mined diamond from the "blue box" store because their fiance insists that that is the only true rock they will accept on their finger. There are so many great options now, that were not available even 10 years ago...moissanite and lab grown diamonds. Along with my favorite which is Brazilian earth mined diamonds that are heat treated to bring out clarity and color for a fraction of the cost...they are stones that come out of Brazil and are cut and processed of course in India. They are usually sold only in Silver rings not gold to keep costs down but the rocks themselves are true earth-mined diamonds. :)
Thank you! Options are a wonderful thing.
Where do you like to search for new sources?
I bought these and they are beautiful and very reasonably priced. I have a large blue diamond hpht treated and it's gorgeous 😍
Just get a CZ if it’s that bad man. There are real diamonds and that other fake stuff. Don’t be fooled. Would you buy an American machine made Ferarri. Exactly, because if it’s not handmade in Italy 🇮🇹 it’s not a Ferrari. It doesn’t matter what engine/process you use, a pig is just a 🐷. 😊😊😊
@@2020Dreamlife A cz is definitely not a diamond. Czs scratch much easier and don't sparkle like a diamond. The price of hpht diamonds is so low right now, it's not much more than a cz. A real diamond will last much longer and has a higher refractive index. Lab diamonds and natural diamonds look exactly the same.
As far as I'm concerned - Diamonds are over priced pebbles ......
Wow, man, what type of groceries do you buy if they cost you over $1000 a month, I assume you have family and perhaps that's why your food expenses are high.
Haha I have a full house.
Oh wow, common rocks are losing value! 😢
3 carat real lab moissanite are already to buy for 30 dollar or less. 😅
Moissanite is another option. Lab diamond is more accepted as women feel it’s a diamond still. Moissanite is a very cheap alternative no doubt. But there is a reason why it never disrupted natural diamond sales like lab diamonds have.
@@OsirisDiamonds
The wimen who are only into getting natural diamonds are the wrong ones.
Mostly the problematic golddigger type. 🤗
@@maximhollandnederlandthene7640 tell me someone broke your heart (and drained your wallet) without telling me someone broke your heart
To overcome the problem of fake diamonds, you need to bring the 'influencers' on board. Gift real diamonds to about ten or twenty influencers and have them gushing over the 'real diamond' they have been gifted and you will be amazed at the surge in sales - and prices - which will occur. Influencers are now the new Madison Avenue.
The Average Diamond in Brokered 5 Times $$$$
Diamond are just a rock that doesn't do anything for you in life
Russia and India are close, so i think it is trickling in.
Labgrown will be a godsend for the industrial market place for sanders and abrasive uses. That can be no bad thing.
It is hard to see a way back for natural diamonds.....The forthcoming over supply of 'lab grown gems' will make them accessible to one and all.
One might speculate that larger quality Natural Diamonds that are pre Labgrown (circa 2012 ?) might retain value in terms of antiquity....but once you have your wallpaper pasted with diamonds or have your car wrapped in them - the one on your finger might seem rather feeble....and worse: CHEAP!
Naturals have gone down a little in price. I think the market will / has changed for sure. Going back is impossible.
Marriage has dropped to around 0.06666667 of previous century levels. You'd think this would affect the diamond industry.
It’s possible yes. I think buyers waking up is the strongest variable
Three 1-carat diamonds, from a 4-carat rough diamond? One 3.50-carat diamond from a 4-carat rough diamond? Can you tell us what cutters get this much yield from their rough?
Your right. I am not 100% accurate. But my point was to explain generally what a cutter does to the rough. If they got that much yield it would be amazing.
you know nothing about cutting diamond if you say 4 carat rough make 3-3.5 cut diamind!
4 carat rough make hardly 1.5-1.8 exelant GIA cut!
Relax buddy. It was just an example. To explain to people the process.
15%-25% “loss” with a 1000 % mark up?! 🤭🤣🤣🤣. What a deal!
I’m not stating it’s a deal. I’m simply stating that the Diamond market losing 25% in value is a substantial drop in a year wouldn’t you say?
Gold prices holding up well not near as well as oil prices though. Israel has such a massive trade deficit and is so wholly dependent upon the diamond trade as an economy hard to imagine with an outright invasion of Gaza now imminent that diamonds won't continue to flood the US market anyways.
Long $slb Slumberger strong buy
i paid $5,000 in 2012 for a diamond worth $1,800 now. what a waste of money engagement rings are! that's not considering inflation!
Sorry for your loss.
It’s a good time to invest in diamonds. Historically diamond prices have gone down but always go back up to a new all time high.
That was before hpht, cvd diamond's & Moissanite
only a stupid idiot will consider diamonds as an investments
Wrong. Cash out now thank me and be grateful
@@michaelpratchett4415can’t compare to a natural diamond, and never will.
Diamonds are a scam and a terrible investment as are most gems hence they are not a tier 1 asset.
Definitely this is a great time to buy natural diamonds. Because the investment here is diamonds with gold. As opposed to lab diamond and gold. If you purchase natural diamond/gold you will receive your money back or maybe less. But if you buy lab diamonds with gold. You will receive way less. Not because of the gold. But because of the diamond not being natural. Only buy gold 14Kt + ! Never 10Kt gold there’s no reason for it.
Every one can check the validaty of gold with simple methods. You can recast it, just sell parts of it, fire wont damage it. All properties Natural Diamonds dont have
You’re missing the plot. Natural diamonds have NEVER resold well. It’s all retail markup. They are not special or valuable.
Because of the damn lab-grown diamond
There is absolutely no reason to buy a natural diamond for a wedding ring or engagement ring because the only time you're going to sell that is if the marriage or engagement is over, in which case I'd prefer that the ring is worth less.
Good point.
Glad I have my 35 year old and 17 year old diamonds. To each his own, but today, I’d rather not get a diamond if it had to be lab grown.
Diamonds are Crypto in slow motion. Artificially pumped, artificially maintained and now ironically brought down by something artificial. Bane the supervillain would say "Deception has deceived you Batman."
The biggest problem with the diamond industry is men aren’t trying to marry these Western women. No wedding? No ring. Money saved.
That won’t fly with most women.
I once thought about buying diamonds as a place to store wealth, but my seller said that I can lose as much of its value. Diamonds are so small, portable and easier to carry than the equivalent of silver...Its crazy...
It used to be a way to transport a lot of value from place to place but bitcoin ate that lunch
They. Don't. Have. Real. Value
Who. Sets. The. Value.
To me and my fiance, it’s either we buy natural diamonds or lab mossianite.
I would go with moissanite. I have collections in both and moissanite is by far more beautiful since it has more brilliance and sparkle. My everyday pieces do not get dirty compared to natural diamond which would look lackluster quickly. Might seem trivial, but when you wear an engagement ring or stud earrings daily and they always look great it makes a difference. Best.
Often it’s the oil from our hands that can effect a a diamonds brilliance
That’s understandable
Lol real or fake simple keep it pure everything that god didn’t make its worthless and you can’t take it with you when you die lol
God didn’t create that diamond polished lol
It’s definitely not worth value. It can’t do anything. Gold or silver is at least a conductor of electricity.
Give me gold
Diamonds aren’t rare. There are huge deposits in numerous countries. India, Africa, Russia to name just a few.
Moissanite is rising in popularity. A gem that has double the refraction (sparkle) of a diamond, way more affordable, a 9.25-9.5 on the Mohs hardness scale, I'd personally go with moissanite. The natural moissy is extremely rare, more than a natural diamond.
looks fake and cheap though...
Real Diomand’s are probably the most artificially inflated thing a person can buy. Unless your talking about rare Diomand’s, like red ones. Imagine, power tools have small Diomand’s on them. Rubies are rare, and they are artificially inflated
What non-diamond jewelry stone holds its value the best?
It’s tough because most retail items obviously will have a loss, especially depending where you buy. For example, somewhere like Tiffany’s is going to have a large markup I would say color gems, maybe. But again most pieces of jewelry is not investment and often times diamond value is there however, the best way to get rid of your goods is through private sales. Anything sold back to a jeweler/pawn will be at a large discount. The issue is most people don’t have the time to wait for a private and the more strange/unique your jewelry is the longer it will take to find a private.
@@OsirisDiamonds wrong again 💯 tell your viewers the truth. If not I will. All lion here. Everything thing you say it’s half truths smoke and mirrors 🪞
@@OsirisDiamonds what are you afraid of bro? And no I don’t expect a reply from you
3 tiers pricing all gem stones
1) retail
2) secondary markets
3) wholesale
You’re welcome my friend
You choose what price to pay next time
Tell the people
😉🦁💪🇦🇺⚡️💜
Finally, diamonds are where they should have been all along.
Its a wild industry, maybe a correction was long overdue.
And marriage has gone down. I’m sure that impacted the market.
No doubt. I think with the cost of living being so high it’s stopping some young kids to grow up. They can’t afford to move out.