Diamond prices have historically been manipulated by De Beers, which has maintained a near-monopoly on diamond mining. These diamonds have been labeled "blood diamonds" due to their association with African conflict zones and the employment of forced labor. Diamonds play a crucial role in high-tech manufacturing, the time has come for their prices to reflect fair market values rather than the artificial inflation imposed by De Beers' monopolistic practices.
As a Gemologist, I predicted this decades ago. The great thing about higher-quality colored stones is, while there's lab-grown synthetic colored stones, the colored stone synthhetics are much easier to identify as opposed to the lab diamonds, where you need sophisticated equipment that can cost thousands. It just isn't cost effective for the smaller store owners to buy these instruments, which will accellerate the expected decline in trust in what your buying when it comes to diamonds. IMO, as more synthetics saturate the market, diamond prices are going to continue to gradually decline, then, when the masses realize what's up, prices will crater all at once. Not so with finer, high-quality Colored Stones, which IMHO, are more immune to the synthetic issue (easy to identify) and will continue to be stable in value and, IMHO, are way, way more pleasing to look at and own.
So in your opinion if one were to buy a colored stone or diamond, based on current technology that colored stone would be more insulated from a price crash---is that a fair summary?
I love my lab grown diamond earrings they sparkle more than CZs and are quite exquisite and worth every penny,I love them because they are produced in a lab without conflict nor blood shed,think about it before you choose a gemstone that's people friendly or from conflict, that is why I chose to buy Lab grown diamonds otherwise I probably wouldn't be able to sleep at night owning a jewel that came from conflict and destruction of innocent human beings just to have the same exact Gemstone known as diamonds.
I think it’s hilarious that you are telling people to buy the dip. You don’t buy seats on the Titanic after it hits the iceberg hoping it’s going to stop sinking. The fact is, De Beers has lost all control of the market. Diamond prices are going to their true value- which basically is the cost of cutting and polishing. They are not rare, never have been rare, and are getting less rare by the minute.
If diamond prices have come down how come we don't see price cuts at big jewelry stores like Tiffany? Also, lab diamonds have their place but I don't think people realize they are worthless, they have no resale value, even pawn shops won't take them.
These retailers, in addition to incredible mark ups will tack on the cost of running a brick & mortar store, employees salaries, and anything with a well known luxury name brand will cost more. Ultimately it comes down to the monopoly of the one entity that controls the majority of how many diamonds are in retail circulation. They want to act like diamonds are rare. The emperor is naked. We all know it. All that being said, diamond is my birthstone and one of my earliest memories is holding my Mom's hand and watching her modest diamond wedding band sparkle at me. It was love at first sight for me.
If you resell a natural diamond ring, you’ll loose 70% of the money so it’s funny when i read “lab grown diamond haven’t resale value”… if you buy a natural diamond for 10.000 EUR and you resell it for 3000 EUR (I want to be good) you lose 7000EUR and if you buy the same diamond but lab grown for 1000 EUR and you resell it for 500 EUR you loose only 500 EUR… so, what’s it’s better?!!! And why you buy a jewel for to sell in the future? I buy a jewel for to wear!!! (Pardon for my English, I’m Italian).
In My opinion the inflation problem will have to be solved first before diamond prices recover because people will continue to hold back on buying luxury items and so far no one in government has a realistic plan to do so avoid this market until Chris
Russia will need money far beyond the end (we hope) of the war. Other than gold (which is being sucked up for a variety of reasosn) I don't see the price of diamonds recovering for years ahead. Incidentally, the diamond I bought my wife 25 years ago (0.75ct. marquise, E, VS1) sells NOW for the same price.
Price is everything and will drop more few years lab grow will be every where and I will wait until real diamonds drop to 95% or more I am crazy to buy now and price drop 95%
if lab-grown is better quality, if lab-grown is cut the same, then there is zero reason to buy a real diamond other than being able to say, "it's natural".
Diamonds are not rare, they are not on the periodic table, and can be manufactured from pretty much anything made of carbon. Worthless outside of its ability to cut things. It sparkles, who cares. I'd much rather buy gold, silver, copper, platinum etc.
Diamonds, scamming people for decades
Their game is over! Not now! I have bought CVD for less than 500$ per 1C!
Diamonds are the WORST investment
They are very right lab grow is the future and more coming down
Diamond prices have historically been manipulated by De Beers, which has maintained a near-monopoly on diamond mining. These diamonds have been labeled "blood diamonds" due to their association with African conflict zones and the employment of forced labor. Diamonds play a crucial role in high-tech manufacturing, the time has come for their prices to reflect fair market values rather than the artificial inflation imposed by De Beers' monopolistic practices.
it's all about price and all the mark ups Lap Diamonds are the future wheelchair larry
As a Gemologist, I predicted this decades ago. The great thing about higher-quality colored stones is, while there's lab-grown synthetic colored stones, the colored stone synthhetics are much easier to identify as opposed to the lab diamonds, where you need sophisticated equipment that can cost thousands. It just isn't cost effective for the smaller store owners to buy these instruments, which will accellerate the expected decline in trust in what your buying when it comes to diamonds. IMO, as more synthetics saturate the market, diamond prices are going to continue to gradually decline, then, when the masses realize what's up, prices will crater all at once. Not so with finer, high-quality Colored Stones, which IMHO, are more immune to the synthetic issue (easy to identify) and will continue to be stable in value and, IMHO, are way, way more pleasing to look at and own.
So in your opinion if one were to buy a colored stone or diamond, based on current technology that colored stone would be more insulated from a price crash---is that a fair summary?
How is the natural fancy pink, purple, orange, etc. diamond market doing now?
What is your forecast?
Headline.. Ill tell you why... Diamonds are NOT rare!!!!!
I love my lab grown diamond earrings they sparkle more than CZs and are quite exquisite and worth every penny,I love them because they are produced in a lab without conflict nor blood shed,think about it before you choose a gemstone that's people friendly or from conflict, that is why I chose to buy Lab grown diamonds otherwise I probably wouldn't be able to sleep at night owning a jewel that came from conflict and destruction of innocent human beings just to have the same exact Gemstone known as diamonds.
I think it’s hilarious that you are telling people to buy the dip. You don’t buy seats on the Titanic after it hits the iceberg hoping it’s going to stop sinking.
The fact is, De Beers has lost all control of the market. Diamond prices are going to their true value- which basically is the cost of cutting and polishing. They are not rare, never have been rare, and are getting less rare by the minute.
Lab & Moissanite are crushing the diamond industry. Better shift now!
If diamond prices have come down how come we don't see price cuts at big jewelry stores like Tiffany? Also, lab diamonds have their place but I don't think people realize they are worthless, they have no resale value, even pawn shops won't take them.
These retailers, in addition to incredible mark ups will tack on the cost of running a brick & mortar store, employees salaries, and anything with a well known luxury name brand will cost more. Ultimately it comes down to the monopoly of the one entity that controls the majority of how many diamonds are in retail circulation. They want to act like diamonds are rare. The emperor is naked. We all know it. All that being said, diamond is my birthstone and one of my earliest memories is holding my Mom's hand and watching her modest diamond wedding band sparkle at me. It was love at first sight for me.
@@noreenmccarthy4956 Well said, I agree!
Reatail stores ripping people off and the diamond industry trying to convince that earth diamonds are rare. theyre not
If you resell a natural diamond ring, you’ll loose 70% of the money so it’s funny when i read “lab grown diamond haven’t resale value”… if you buy a natural diamond for 10.000 EUR and you resell it for 3000 EUR (I want to be good) you lose 7000EUR and if you buy the same diamond but lab grown for 1000 EUR and you resell it for 500 EUR you loose only 500 EUR… so, what’s it’s better?!!! And why you buy a jewel for to sell in the future? I buy a jewel for to wear!!! (Pardon for my English, I’m Italian).
Why to buy natural?? If lab grown is 90% cheaper.
In My opinion the inflation problem will have to be solved first before diamond prices recover because people will continue to hold back on buying luxury items and so far no one in government has a realistic plan to do so avoid this market until
Chris
All gems stone are worsts investing and I am not hungry to buy blue shappihire I will wait until price drop to 95% or more I
Russia will need money far beyond the end (we hope) of the war.
Other than gold (which is being sucked up for a variety of reasosn) I don't see the price of diamonds recovering for years ahead.
Incidentally, the diamond I bought my wife 25 years ago (0.75ct. marquise, E, VS1) sells NOW for the same price.
It s because Is a poor quality diamond......
Once we can mine in space, gold we be as valuable as aluminum.
I will wait a little.😊
Price is everything and will drop more few years lab grow will be every where and I will wait until real diamonds drop to 95% or more I am crazy to buy now and price drop 95%
real and lab are the same... you mean earth diamond
if lab-grown is better quality, if lab-grown is cut the same, then there is zero reason to buy a real diamond other than being able to say, "it's natural".
Thanks for these insights 💯😊
I'm still staying with the real diamond....Because my jewelries are all diamond incorporated.....your right handsome boy....thank you for your video.
I agree with your points.
so 1 guy decides the price of diamonds 😆😂 what a scam.
very happy to see that, worthless stones
Great video! I really appreciate your account :)
@@esperanzapineda9277 Thank you so much!
Diamonds are not rare, they are not on the periodic table, and can be manufactured from pretty much anything made of carbon. Worthless outside of its ability to cut things. It sparkles, who cares. I'd much rather buy gold, silver, copper, platinum etc.
Are you sure?!?!
@@fabiomonticelli3987 Yes jewelry seller, its true
Until space mining… then gold will be as valuable as aluminum.
lol you wish! Diamonds are done with the lab diamonds
Prices will only go down except for..... exotic naturals.
Lab grown diamonds are 90% cheaper. They look exactly the same as real diamonds.
They look the same because they are real diamonds chemically and structurally there is no difference