Smart in Every Way

buying diamonds

Buying a diamond: price increase from 2016

Are you planning on surprising your loved one with a spectacular gift, for example, a diamond for her birthday, then the following information can be rather useful. From this year on, the price of a diamond will rise yearly with about 6 percent, and this until 2020. The main cause is the increasing demand for diamonds in Asian countries, such as China, India and Japan. But also the current offer of diamonds has a significant impact on the price. This coincidence results in a price increase that will dominate the diamond world in the near future.

  • 0.50 carat solitaire ring (half set) in yellow gold with side diamonds From USD 3.060
    (excl. VAT)
  • 1.00 carat classic diamond earrings in white gold with six prongs From USD 670
    (excl. VAT)
  • 1.20 carat solitaire diamond ring in white gold with side diamonds From USD 3.400
    (excl. VAT)
  • 1.55 carat diamond halo earrings in white gold From USD 4.240
    (excl. VAT)

China exceeded Japan in 2011 as the world's second largest buyer of diamonds (after the United States) and, combined with India accounts, for about 20 percent of the global demand. This could amount to 28 percent in 2016. A lot of Chinese people adore extreme luxury and love to show this off. Buying an exclusive diamond for themselves or as a gift is a true hobby. Both colourless and coloured diamonds are very popular.

Buying a diamond has never been so expensive. But the cause does not lie solely with the ever-increasing demand. Also the declining offer is a major reason why the price of diamonds will rise yearly with 6 percent. Since hardly any new mines are being discovered, fewer diamonds are becoming available on the market. Supply falls, which makes diamonds more exclusive and consequently makes prices rise. The Diavik Diamond Mine (Canada), the last discovered diamond mine, started production in 2003. Rio Tinto, one of the most important players in the diamond world, owns a 60% stake in this mine but to fulfill the growing global demand of today, this is not sufficient.

Buying a diamond as an investment or set in a beautiful piece of jewellery, is possible at BAUNAT at any price. BAUNAT offers a wide selection of diamond jewellery set with colourless and/or coloured diamonds, for every occasion and within everyone's budget.

Author: Thomas vanden Bogaerde
Source: BAUNAT

Share on:

Related

Most popular blogs

  • Where can I buy my ideal diamond ring?
    Where can I buy my ideal diamond ring? Where can I find the most beautiful diamond ring? Where can I buy the right diamond? Buying a diamond is a fantastic idea for every important occasion. You can find the perfect...
  • What you need to know about your diamond
    What you need to know about your diamondHow truly rare are diamonds? How can a diamond get damaged? BAUNAT can refute or confirm the most common assumptions about diamonds. What’s true and what isn’t? You can read...
  • How to buy an engagement ring from BAUNAT
    Where to buy an engagement ring from BAUNATAre you looking to buy an engagement ring? Do you want to make an order on the BAUNAT website? Bijouterie BAUNAT offers you timeless engagement rings at the best quality / price...
  • Why go through an online jewellery store?
    Why go through an online jewellery store?Are you looking to buy a diamond in an online jewellery store? Do you want to buy a piece of jewellery on the BAUNAT website? Buying a piece of jewellery online has many...
  • How can we pick the ultimate matching wedding ring set?
    How can we pick the ultimate matching wedding ring set?Why would we choose matching wedding rings? How else can our wedding ring set match? Although modern couples choose different style rings more and more often, many still prefer a...