Core Viewpoint - The diamond market is experiencing a significant decline in value, with reports of drastic depreciation in resale prices, leading to discussions about the changing perception of diamonds as luxury items and investments [2][3][5]. Market Trends - The resale price of diamonds has dropped dramatically, with some examples showing a decrease of up to 99% from original purchase prices, indicating a severe market downturn [2][3]. - In Jinan, the resale price for diamonds has decreased by approximately 40% compared to previous years, with sales volume down over 50% [2][3]. - The price of diamonds under 1 carat has seen a year-on-year decline of nearly 40%, with many retailers reducing or eliminating their diamond offerings [3][5]. Consumer Behavior - Younger consumers, particularly Generation Z, are shifting their preferences away from traditional diamond purchases, focusing instead on cost-effective alternatives like lab-grown diamonds [5][6]. - The perception of diamonds as symbols of love is diminishing, with consumers prioritizing value for money over emotional pricing [6]. Industry Response - Many jewelry brands are no longer offering diamond buyback services, with some only allowing exchanges for new purchases at significantly higher prices [4][5]. - The lab-grown diamond market is rapidly gaining market share, with projections indicating that by 2025, lab-grown diamonds will account for over 40% of the global diamond jewelry market, reflecting an eightfold increase since 2019 [5][6]. Future Outlook - The diamond market is expected to undergo structural changes, with lower-quality natural diamonds facing continued price pressure from lab-grown alternatives, while high-quality, large carat natural diamonds may retain their value due to their luxury status [6].
回收跌成“白菜价”,钻石为啥失去“光芒”
Xin Lang Cai Jing·2026-02-27 12:15