/ 23 November 2023

Put a ring on it

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If you want to shine bright Rihanna-style, now might be the time to buy yourself a whole lotta diamonds… Prices for a one-carat sparkler have dropped 32% in less than 2 years – and in even better news, the less-pricey ½ carat is down by nearly 40%. The catch? You’ll need to wrangle the rough diamond market because retailers aren’t so keen to pass on the savings… One of the big things going on with the price is the rise of cheaper, lab-grown alternatives. Synthetic diamonds can be made in just days, and as diamond expert John Chapman says, “it’s compelling for a consumer to be able to have something on their finger … which you can’t tell the difference.” But don’t count natural diamonds out just yet – insiders reckon their rarity – we’re looking at you pink bling- will eventually lead to a price increase. Shine on…

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