See this article in TOI today about diamond prices going down:
This was anticipated. Diamonds have never been a great investment for a variety of reasons.
Arriving at their value is a highly subjective exercise, involving Color, Clarity, Cut and Carat, all of them subjective parameters including the last one.
They have been valued since ancient times, but the demand and price uptick came when De Beers, the largest diamond producer in the world, embarked on a campaign to make it popular. Diamonds as an emblem of getting engaged to be married was not the norm before that.
To complicate matters further, "lab grown" diamonds, which even experts find impossible to distinguish from real ones, have become increasingly common.
If all you want is a piece of jewelry, buy the lab grown diamonds. They are anyway indistinguishable from the real ones.
If you are considering buying diamonds for investment, don't. Buy Gold, Silver or Copper instead. Or go on a vacation, at least you would have put the money to good use!
If you have diamond earrings that have been handed down to you from your grandmother, sell them.
Diamonds are good neither as investment nor as adornment.
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