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Diamond Rates: How Much Do You Know?

Updated on May 27, 2024

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

Table of Contents

Published on March 4, 2024
Updated on May 27, 2024

Currently, there is a considerable change in diamond rates. The diamond rates vary with the type of diamond. There are different types of diamonds and various carats (e.g., 1 Carat, 0.5 Carat, 0.25 Carat, 0.75 Carat, etc.).

What makes us your trusted partner

With over 40 years of expertise, Diamond Registry’s CEO and owner, Nissan Perla, is your trusted guide in the diamond-buying world. Recognized by prestigious publications like The Washington Post and Chicago Tribune, Nissan’s extensive knowledge and experience in evaluating, buying, and selling diamonds are unparalleled. Our commitment to integrity, transparency, and delivering exceptional value ensures that you make an informed decision when acquiring your timeless treasure. Choose Diamond Registry for personalized guidance, education, and a curated selection of the finest quality diamonds, backed by decades of industry expertise and dedication to your satisfaction.

diamond rings

As the first step to buying a diamond, you should look for the shape of the diamond. As a novice buyer, you can go with rounded or princess-cut diamonds. Coming on to the diamond rates, as a diamond consumer, you need to know the present-day diamond rate. The diamond rates are standardized by the Diamond Retail Benchmark. They provide up-to-the-minute rates to facilitate buyers.

diamond rings

Diamond is among the few categories in the retail market that has not obtained any benchmarking done. Most first-time diamond buyers tend to buy it with a lot of confusion and poor knowledge in buying.

A diamond is a luxury product that plays a vital role in people’s personal lives and events like birthdays, weddings, etcThe diamond purchase is often considered very important.

Diamond rates are defined by Supply and demand in the same way expenses for simply about everything in a free market are bound. Thus, Supply and demand are subject to many forces.

Supply

Unpolished diamonds are drilled only in relatively few places on Earth. As many mine sources have been slowly depleted over time and new discoveries have not kept pace, pressure on Supply has increased. Thus, Supply can be deliberately limited by miners who shut down mines when low prices save costs and do not sell their products at abnormally low prices. Furthermore, Supply is also influenced by global events. A notable example of that is the COVID pandemic which has disrupted everything from mining to thinning factories and retail jewelry stores which affects diamond rate worldwide.

Demand

The global economy’s health is an essential aspect of diamonds’ demand. Thus, diamonds are a global product cherished by people in virtually every corner of the world. The market in the major economies (e.g., the United States, the EU, China, and India) has the most influential impact on public demand. The societal likes and preferences are driven by new products contending with diamond rate for the consumer’s buck. Over the last several years, diamonds have had a notable competitor in the area of electronics and travel. Traders do the same downstream, assembling interest and passion for diamonds in the consumer demand.

For this, one needs to have enough confidence when shopping as they should buy the diamond for the right price, and never more

Picture of Nissan Perla

Nissan Perla

Nissan Perla has over 40 years in the diamond industry and is the CEO and Owner of Diamond Registry since 1979. Nissan is recognized as one of the talented experts in the diamond world and has been mentioned in publications such as The Washington Post, Chicago Tribune, The Time Out, Sassy HK, and more.

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Client Reviews

Rebecca Schott
Rebecca Schott
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Nissan, David and his team were extremely accommodating, understanding and patient with our purchase. They took the upmost care to find the best solution for our needs and went above and beyond normal ‘customer service’ standards. I have absolutely no qualms recommending their products and services. Both were absolutely flawless. I will continue to sing them praises and will most definitely purchase from them again in the future. Thank you again!
Gershom Menachem
Gershom Menachem
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Great team of diamond experts who show personal care for the client’s needs and aftersales service. They really go the extra mile to make it happen no matter the challenges ahead. Rush orders, international shipping, upgrade service, jewelry repair, large diamonds, small items, precious stones. Very honest and open information to the clients. You will feel like talking to a friend.
Thom P.
Thom P.
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Bought a beautiful stone here for an engagement ring. I was a little apprehensive since you’re buying something unseen. But Cid made it easy. In fact, Nissan, the owner also gave a call to make me more comfortable. They sent me the stone to take to a local jeweler with only my Amex in case I bailed on them.
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