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Chart of the Day: Are Diamonds Not Forever?

Crews Bank & Trust Wealth Management Services Jan 23, 2025
price of diamonds indicated by blue line on the chart

Contents

Today’s Chart of the Day comes from Bank of America and shows the price of diamonds going back 22 years. After spiking in 2022, diamond prices are now the lowest ever. The industry says it’s a combination of:
  1. Over supply resulting from the high demand in 2022
  2. Less people getting married (particularly in China)
  3. 20% of diamonds are now lab grown
Always remember though, for commodities such as diamonds, the cure for low prices are low prices. As lower prices reduce supply, this can cause prices to go back up as less diamonds become are available. However, changing demographics and lab grown diamonds might start to play an increasingly important role in the long-run. 
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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