Your Money Minute Why Diamonds Cost More 8/1/25
Aug 1, 2025
Dive into the intriguing dynamics of the diamond market! Explore how economic factors like tariffs and profit margins are reshaping the industry. Learn about the growing consumer preference for lab-grown diamonds and the pivotal roles played by Antwerp and India in this transformation. The conversation shines a light on the future of this luxury market.
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Tariffs Drive Diamond Costs
- Mined diamonds cost more not due to scarcity but tariffs impacting profit margins.
- The diamond trade has tight profit margins, and tariffs significantly affect pricing.
U.S. Demand Shapes Diamond Market
- U.S. consumers buy over half of the world's polished diamonds, influencing market trends.
- Tariffs may shift demand from mined to lab-grown diamonds, which cost 80% less.
Pandora Embraces Lab-Grown Diamonds
- Pandora stopped selling mined diamonds and switched to lab-grown diamonds in the U.S. four years ago.
- Lab-grown diamonds volume surpassed mined diamonds, signaling a clear market shift.