How the Diamond Market

(1)Diamonds Are Forever a Natural Threat
(2)artificial diamond counterattack
(3)Input 20230904 PM 330 Corrected 20230904 PM 333
(4)Reporter Kwak Hyun-soo
(5)One price is five

(1)The price of natural diamonds is plummeting
(2)The surge in demand for relatively inexpensive artificial diamond rings was reportedly the cause
(3)According to a Bloomberg report on the 3rd, global diamond company De Beers has cut the price of diamond gemstone Select Makeables, which can be processed into select-grade jewelry with relatively high product value, by about 40 in the past year
(4)In July last year, the price of the gemstone of the product group was about 1.84 million won per 1,400 dollars, but in July this year, the price was reduced to about 1.12 million won per 850 dollars
(5)Initially, Debiers sells diamond gemstones 10 times a year to a limited middle trader called Siteholder Sightholder, and considering the lower gemstone prices in the market between these traders and jewelry manufacturers, Debiers’ diamond supply price is likely to fall further

(1)The cause of the sharp drop in prices is artificial diamone, a substitute
(2)It is attributed to the expansion of the de market One or two-carat single-frame diamond rings are popular in the U.S. for proposal rings, and the artificial diamond industry has focused on this market
(3)In fact, artificial diamonds account for 6 of India’s diamond exports this year, up sharply from 1 five years ago
(4)Considering that the price of natural diamonds is expensive for artificial diamonds, the actual proportion of artificial diamonds based on quantity seems to have already reached the level of 25 to 35