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Diamond Price Trend Analysis 2026: Supply Demand Analysis, Latest News, Market Insights, Historical Prices & Price Drivers

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Written ByRakesh Nandi

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Diamond Price Trend Q2 2026
 

Product Region Incoterm Basis Price Time Period
Diamond China FOB USD 3,163.00/MT April 2026
Diamond India FOB USD 3,163.00/MT April 2026
Diamond USA FOB USD 3,163.00/MT April 2026
Diamond Belgium FOB USD 3,163.00/MT April 2026
Diamond Canada FOB USD 3,163.00/MT April 2026

Stay updated with the latest Diamond prices, historical data, and tailored regional analysis

Diamond Price Trend 2025

In 2025, diamond prices continued to fall due to major changes in the global market. Natural diamonds lost value as more consumers shifted to lab-grown diamonds, which were cheaper and widely available. Many buyers preferred these alternatives because they were more affordable and considered more ethical. At the same time, producers increased the supply of lab-grown diamonds, which pushed prices down even further.

Global economic uncertainty also reduced spending on luxury goods, and trade tariffs in key markets made exports more difficult. As a result, demand for natural diamonds weakened and prices stayed under pressure throughout the year. Countries that depended heavily on diamond exports, such as Botswana, were strongly affected, facing lower export revenues, weaker economic growth, and rising fiscal pressure. Overall, 2025 showed a clear downward price trend driven by oversupply, changing consumer preferences, and weaker global demand.

Analyst Insight

According to Procurement Resource, Diamond prices are expected to remain under pressure, with lab-grown diamonds continuing to dominate the lower-price segment and natural diamonds focusing more on the luxury market.

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Diamond prices showed mixed trends in the second half of 2024, with significant variations across different segments. The market began showing signs of stabilization in August after experiencing downward pressure in the earlier months. Fancy shapes, particularly emeralds, radiants, and ovals, performed better than round diamonds, displaying stronger demand and price resilience.

The festive season starting from Diwali through Christmas brought some positive momentum to the market. This was further supported by supply constraints, as major miners including De Beers and Petra cancelled their sight sales in August, creating scarcity in certain segments. The reduced supply, combined with the typical production cycle of two to three months, led to upward price pressure during the November-December period, particularly for specific diamond categories.

However, the broader market faced challenges from increased competition from lab-grown diamonds and weakened global macroeconomic conditions. This was particularly evident in export markets, where polished diamond prices remained under pressure. The Indian domestic market emerged as a bright spot, showing robust demand driven by strong economic conditions and increased spending power among upper and upper-middle-class consumers.

About Diamond

Diamond has its atoms organised in a crystal structure known as diamond cubic, and is a solid form of the carbon element. As the arrangement of atoms in diamond is extremely rigid, it has the highest hardness and thermal conductivity of any natural material. The properties of diamond are utilised in most of the commercial applications for example cutting and polishing tools. In appearance, Diamond can range from yellow, brown, or grey to colourless.

Diamond Product Detail

Chemical Formula

C

Molecular Weight
12.01 g/mol
Industrial Uses

Gems and jewellery, Automotive, Aerospace and defense, High power electronics, Lasers and optics, Materials, physics, and energy R&D

Supplier Database

De Beers Group (Anglo American), Applied Diamond Inc, Industrial Diamond Laboratories, Inc, Lucara Diamond Corp. (Lundin Group of Companies), Petra Diamonds Limited, Gem Diamonds

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Diamond Production Process

  • Production of Diamond via Mining, Cutting and Polishing

Diamond is extracted and mined in factories from there it undergoes a series of steps. These steps involve cutting and polishing of diamonds before its commercial use.

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Rakesh Nandi

Team Lead - Market Research

Leading procurement-focused market intelligence across chemicals, composites, advanced materials, aerospace & defense, and energy, delivering commodity forecasts, supply chain analysis, and competitive benchmarking to support sourcing decisions.

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