Diamond Price History Chart 2021: Comparison
by Francis Alukkas | 18 September 2021 | DIAMOND JEWELLERY
Buying diamonds is a complex process. There are dozens of factors determining their true value. It’s a common adage, at least. Although it does seem complicated, it is not really. With the help of a Diamond Price History Chart, you can easily comprehend the differences and diamond price trends in India.
In this guide, you will learn more about how to calculate how much a diamond should cost, as well as how much it should be worth since they aren’t the same. It is difficult to determine the price of a diamond. The performance and development of diamond trade prices over time can be compared. The index data tracks the historical changes in diamond prices up to the current prices. Since 1960, diamond prices have increased by 14% each year!
Diamonds are valued based on their appeal. In an effort to regulate the industry and create a standard for diamond comparison, the GIA established a diamond grading system called the 4 C’s of diamonds.
Cut, Color, Clarity, and Carat are known as the 4Cs. The truth is that the diamond grading system is more complex than that, and diamond dealers consider dozens of factors, but it is still a good way for us (and you) to estimate its value by comparing similar diamonds. Coming to the diamond Prices 2021, 1 carat diamond price in India can start from approximately INR 50000, which can go upto INR 300000 depending on the the quality of the diamond. If we are calculating the diamond price per gram, 0.2 grams of diamond can cost from 5000 INR per piece to 10000 INR per piece. Also, check: Diamond Astrology Benefits.
How is the diamond price calculated in a Diamond Price History Chart?
A diamond price calculator is perfect for determining the value of your own diamond jewellery or looking for an engagement ring with a diamond and wondering how much one is worth. Diamond prices and value have increased by 14.47 percent annually since 1960, in other words, 4.3% annual compound interest. However, the performance of the diamond price history chart in the past is not indicative of performance in the future.
Innumerable people around the world are captivated by diamonds, a carbon-based gemstone. In addition to their wide use in luxury jewelry, they are among the toughest materials on Earth (if not the toughest). Approximately 29,650 dollars is the price of one carat in 2015, which is equivalent to 200 milligrams. The price of rough diamonds has consistently increased since 2009, while the annual rough diamond production worldwide has ranged from 128 million carats to 152 million carats between 2009 and 2019.
Diamond reserves around the world will continue to deplete in the coming years as the global demand for diamonds grows. This will cause a gap in supply and demand for diamonds. Approximately 278 million carats of diamonds will be short of supply by 2050. The price per carat for natural diamonds will likely continue to rise as a result. The production of synthetic diamonds, also known as lab-grown diamonds, could solve the projected diamond shortage. The production of synthetic diamonds worldwide between 2007 and 2016 was between 4.37 and 4.42 billion carats. Synthetic diamonds also cost 30 to 40 percent less than a natural diamond, but not all consumers are willing to forgo natural diamonds for synthetic counterparts. Also, check: Why are Diamonds so Expensive? Top 5 reasons
Why is it important to consider the diamond price history chart?
Investing in diamonds is an excellent investment for both girls and investors! To learn everything you need to know about diamonds, you should read this article. Diamonds have become a better investment due to the decline in mining in Canada and Russia. The rough price for a diamond is higher than the cut price; therefore, the cut price will increase!
The demand for genuine top quality diamonds from reputable mines in Africa is high, but supplies are low at the same time. Supply and demand have also been influenced by the increasing demand, especially from China.
As the diamond price 2021 in India tends to increase with each passing day, it is essential to invest in quality diamonds from a reputable supplier.
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