For the first time, the lab-grown rough diamond prices have increased between 13-15% due to the increasing popularity of lab-grown diamond jewelry in the western countries. The diamond growers in China have grabbed the opportunity to hike the prices of rough diamonds riding on the boom in the market.
On the contrary, the prices of natural rough diamonds decreased by almost 15% in December 2024. According to the report in IDEX Online, De Beers is reportedly sitting on its largest stockpile of diamonds since the 2008 financial crisis. The company now holds an estimated $2 billion worth of diamonds. This accumulation is attributed to weak demand, particularly in China, and rising competition from lab-grown diamonds.
Bu hikaye The Free Press Journal - Indore dergisinin January 03, 2025 sayısından alınmıştır.
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Bu hikaye The Free Press Journal - Indore dergisinin January 03, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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