Diamond Price Drop: Sharp Decline in Real Diamond Price, LGD Diamonds More in Demand

Diamond Price News:  In the last one year, there has been a decline of about 50% in the prices of diamonds. In fact, the price of the world’s most popular rough diamonds has declined. The reason behind this is said to be people preferring the lab-made diamonds that look exactly like the real diamonds and the fear of them getting stolen. Lab-produced diamonds have the same texture, sparkle, colour, cutting, and design as real diamonds, and they are also offered with certificates.

Lab Made Diamonds Preferred More 

The decrease in prices can be attributed to the rising demand for Lab Grown Diamonds (LGD) than real diamonds. LGDs are ready to be sold in the market just after 3-4 weeks, and have a huge price difference from the real ones. The price of lab-grown diamonds is just 10% of the real diamonds, which has led to a sharp increase in their demand. The diamond industry claims that there has been a decline in shipments by 10% after the month of April.