2023 Diamond Price Trends | BriteCo Jewelry Insurance (2024)

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2023 Diamond Price Trends | BriteCo Jewelry Insurance? ›

Over the past year, natural diamond prices have fallen by 24.13% to an average price of about $4,000 for 1 carat natural diamonds. Meanwhile, lab grown diamond

Jewelers are anxiously looking forward a hotter engagement season after a tepid year of sales, with prices across all diamond categories plunging around 30% in 2023. For lower-quality and smaller diamonds, prices plunged to their lowest levels in about 10 years, according to Paul Zimnisky, a leading diamond analyst.

The average price per carat of all diamonds in our database was $9,502.13, down from $9,887.62 a month ago. Less than 0.50 ct.

2.95 carat round diamond prices usually range from $13,335 to $116,187 with an average price of $47,619.

Diamond prices increases about 14% each year since 1960! Past performance does not guarantee the performance of the future.

Are diamond prices rising or falling? Over the past year, natural diamond prices have fallen by 24.13% to an average price of about $4,000 for 1 carat natural diamonds. Meanwhile, lab grown diamond prices fell by -59.65% to $2,700 for 3 carat lab grown diamonds.

Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper lab-grown gems.

2 carat round diamond prices usually range from $5,876 to $48,329 with an average price of $20,027.

On average, you can expect the cost of a 2 carat diamond to widely vary depending on its shape, cut quality, clarity, color, and whether it's a naturally mined or lab diamond. The varying cost can range from $5,000 to $50,000 or more.

While prices vary depending on where you purchase your 2 carat diamond, a 2 carat diamond could be worth four times more than a 1 carat diamond. This can make it a good investment, whether you want to keep it forever or trade it in for a larger or different diamond in the future.

How much did a 1 carat diamond cost in 1960? ›

Per carat diamond price 1960-2016

In 1960, the average price for such a diamond stood at some 2,700 U.S. dollars. Since then, the diamond price has increased more than tenfold, to 29,650 U.S. dollars in 2015.

'' Experts in the diamond industry agree that speculators caused the price of investment stones to rise dramatically when diamonds became a fad like stamps, coins or paintings as a hedge against inflation. From 1979 to 1980, a one-carat D-flawless stone rose in price from $10,000 to $65,000.

As with a natural diamond you can expect your lab grown diamonds to significantly drop in monetary value after purchase. Some estimate that lab grown diamonds can drop to 10% of their original price or lower, while more generous estimators put them nearer to natural diamonds at 30% of the original price.

For all the growth colored stone prices have seen over the past couple of years, diamond prices played their opposite.

While engagement rings can be purchased year-round, certain times of the year offer better deals than others. Typically, the best time to buy an engagement ring is during the holiday season, between Thanksgiving and Valentine's Day. During this time, many jewelers offer discounts and promotions to attract customers.

While diamonds will be at their most expensive during the late fall and early winter and are rarely discounted, many jewelry sellers offer sales on the cost of the setting during Black Friday, Cyber Monday if you're buying online, and other traditional holiday sales periods.

Historically, diamond sales and prices trend in lockstep with global GPD; as a discretionary purchase, they do well when the economy does well and, as everyone who made it through the Great Recession can attest, not so well when the economy slows.