China's demand for diamonds is not big?

Summary: China's demand for diamonds is stable, which is very beneficial to the current diamond industry. The demand for diamonds in the United States is indeed picking up. So, is China’s demand for diamonds small?

According to the Diamond Information website, the price of 1 carat of interior flawless colorless diamonds has increased by about 7% in the past two years, while the price of diamonds of similar size and color but slightly embarrassed has increased by 24%.

The rough diamond is going to be a diamond jewelry in the window of a jeweller in London or New York, which takes 3 months. This makes it harder to predict whether diamond price increases in recent weeks have been due to increased demand or simply because of the replenishment of the jewelry industry.

Although supported by the needs of Chinese consumers, the price difference between the mass market diamonds and the top diamonds is still huge. According to the online retailer's offer, the 1 carat colorless round diamond is priced at approximately $28,800, and the small size diamond of the same size and color is priced at approximately $7,200. The Chinese market was initially driven by the super-rich who chased the top diamonds, but as the economy grew, new buyers emerged, opening up the mid- to low-end diamond market.

China's demand for diamonds is not big? China’s demand for diamonds has not been greatly affected, although it is too early to claim that confidence in the US market has rebounded.

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