Why natural diamond prices are lower

The price of rough diamonds has fallen by about one-fifth since last year and is expected to decline further in the next few months. The reasons are as follows:
Globally, raw material prices have recently declined, with copper, coal and oil. The diamond market is fine, but prices have also fallen. There is another reason for the decline in diamond prices, as the global economy slows down.
Due to falling oil prices, De Beers has cut funding. Since 2016, there have been fewer gems on the market. Listed companies such as Russia's Alrosa have also reduced the market for more than half of the gemstones. The third-ranked resource company Rio Tinto has a market share of one-tenth.
Until the turn of the century, De Beers almost occupied a certain diamond market. The group was founded in 1888. Other gemstone dealers, such as the American Cartel, became part of the Anglo-American Group in 2012, and the major shareholder accepted Auburn, Germany. About 85% of the shares of the Hammer family. The company is expanding globally.
However, in the face of reduced global market demand, De Beers, the world's largest supplier of diamond raw materials, has reduced its supply. Many investors and consumers believe that diamonds have value-preserving and value-adding functions. However, in the past year or so, diamond prices have fallen. Jewelry lovers from all over the world collect diamonds. In the world of jewelry, many people regard diamonds as a symbol and are also used as wedding orders.
De Beers chooses many distributors every year, such as Botswana in southern Africa. So far, De Beers supplies diamonds to many rich people. The company's income is also booming. Now, the company hopes to announce these details and help to restore the market and prevent it. Asking for the price. Last week, De Beers made the first sale this year, in addition to lowering prices and reducing supply.
First, consumer demand is reduced. Secondly, in order to reduce expenditures and costs, diamond companies can only operate at a small profit. Third, diamond companies have stricter credit standards. In the past year or so, the price of diamonds has fallen, due to factors such as tight capital and weak demand. De Beers recently announced sales, hoping to stop the market from speculation.
to sum it up:
First, the price of diamonds is lower, the main factor is the reduction in demand.
Second, the cost of raw materials is reduced, and the overall demand for the luxury goods market is greatly reduced.
Third, due to tighter funds and weaker demand, diamond prices have fallen in the past year.

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