Inflation-hit consumers more likely to buy synthetic stones now
Natural diamonds are losing market share to less-costly synthetic stones. © Reuters
MOMOKA MATSUMOTO, Nikkei staff writer | U.S.
TOKYO -- Prices for natural diamonds have fallen amid economic uncertainty in the two biggest markets -- the U.S. and China -- and growing acceptance of cheaper synthetic stones.
The price of a polished F color, VS1 clarity diamond, an international benchmark, came to around $9,200 per carat in mid-December, the lowest since 2009 and down 24% from its most recent peak in August 2022.
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