What’s Driving Rising Prices for Small Diamonds in 2022?
High demand for diamonds throughout 2021, coupled with less natural diamonds being produced and manufactured, is causing the rise in diamond prices that is impacting retail in 2022.
The increase in prices is driven by strong demand for jewelry in the United States and China, set against limited supply, as diamond mining and cutting remain low, finds recent research by the market intelligence platform, IndexBox.
Natural diamond prices are increasing dramatically because of the high demand and limited supply that is due to the fixed number of diamond manufacturers and the cost of manufacturing. Some areas of diamond supply are becoming increasingly more difficult to source, mostly smaller sizes in commercial quality, particularly