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Natural diamond prices stabilizing, recovering lies in the balance of macro-economic variables in major consumer markets

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Through mid-February 2025, rough diamond prices are down a modest 1-2% year-to-date, according to the Zimnisky Global Rough Diamond Price Index. This follows an 18% decline in 2024 and a 15% decline in 2023. Rough prices are now down some 40% from the all-time high reached in the exuberant years of 2021 and 2022 where global diamond demand soared on the back of record economic stimulus in response to the pandemic.

The likelihood of natural diamond prices stabilising and subsequently recovering in 2025 and beyond lies in the balance of macro-economic variables in major consumer markets as well as more micro factors such as the magnitude and effectiveness of industry marketing and the trade’s ongoing efforts to positively differentiate its product from competing lab-grown diamonds.

Regarding the latter, potential catalysts include consumers’ (as well as jewellers’) dynamically changing perception of lab-grown versus natural diamonds at ever extreme price differentials and the industry’s aim to make easy-to-use consumer-facing natural diamond detection equipment ubiquitous in the consumer sphere

In the U.S., which represents over 50% of global consumer diamond jewellery demand, near-term macro drivers include the evolution of monetary policy, the impact of deglobalisation and the re-industrialisation of America under the new Trump administration.

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DiamondBuzz

De Beers brings Diamonds and Glamour to London

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Insiders suggest a star-studded journey to London might be on the cards. But why London? Beyond its glittering reputation as a global hub for jewellery and fashion, whispers point to something far more dazzling — De Beers is set to host a major showcase in the city.

This year, De Beers Group makes its grand debut at Frieze London, marking a landmark moment where the world of natural diamonds meets the world of art. In collaboration with Frieze Masters, the brand will unveil Voyage Through the Diamond Realm — an immersive experience said to capture the mystery, beauty, and brilliance of natural diamonds like never before.

To bring this vision to life, De Beers has invited India’s leading style and art connoisseurs, including Twinkle Khanna, Ananya Panday, Sara Tendulkar, Karan Johar and many more. Known for their refined taste and appreciation of art and design, these tastemakers are the perfect ambassadors to experience natural diamonds in a whole new light — where every facet tells a story of time, pressure, and perfection.

While details remain under wraps, those close to the brand hint that the experience will be nothing short of transformative — a moment where science, storytelling, and rarity converge to celebrate nature’s most extraordinary creations.

One thing’s certain: when De Beers Group meets Frieze London, the city is bound to shine a little brighter — and perhaps, so will those boarding that flight.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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