In 2024, diamond prices have declined by 6% according to Zimnisky’s global rough diamond index. The diamond prices hit a 14-year low in Mid Dec 2023 but have improved slightly since then.
Just how tough the overall market for natural mined diamonds has become is shown in the De Beers average price index which slipped one point lower in the latest quarter from 108 to 107.
An increase in overseas demand over the past few months had consequently led to the price rise of rough diamonds by miners. “As the demand recovered after Covid, the requirement for raw material ...
In 2024 alone, mined diamond prices have fallen by 10.8 per cent, according to industry expert Paul Zimnisky’s Rough Diamond Index, resulting in a 34 per cent drop from their peak in 2022.