OREANDA-NEWS  According to the Global Rough Diamond Price Index from Paul Zimnisky Diamond Analytics, world diamond prices have fallen by 13.8% over the past 12 months, and by 6.5% since the beginning of this year. The authors of the index note that world diamond prices reached their peak at the beginning of February last year — since that time, the decline was 18.4%.

Analysts explain the fall in prices by a correction after the increase in demand for diamonds during the COVID-19 pandemic. "When people can't travel or go to restaurants, they spend their money to buy luxury goods and jewelry," Ankur Daga, head of the American jewelry and jewelry chain Angara Jewelry, told CNBC in an interview. He added that when economies begin to "open up" after covid restrictions, demand moves to other segments, so diamond prices go down.

Another reason for the decline in diamond prices in recent months, experts consider a reduction in demand from Chinese consumers against the backdrop of a slowdown in the Chinese economy and the growth of macroeconomic uncertainty in general.