There was a time when diamonds were touted as gems close to a woman’s heart due to their sparkling allure. However, as market scenarios change rapidly, as lab-cut diamonds started to make way into the market, the real diamonds have now taken a hit, with their prices now hitting a historic new low of all time.

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Diamond Prices Are Exploring New Lows

Diamond prices have now hit new lows in recent times. The prices have taken a bit primarily due to the surging popularity of lab-grown diamonds, which have now started to replace the demand for real, naturally occurring diamonds.

“BREAKING 🚨: Diamonds: Diamonds may be a girl’s best friend, but they’re your portfolio’s worst nightmare. Prices have fallen to their lowest level this century!”

Per Grok, the price of diamonds is declining due to multiple narratives, including changing preferences of consumers and oversupply issues popping up in general. Moreover, the AI stated that changing customer trends are also adding more pressure on diamonds, as consumers are now opting for other luxurious gems besides diamonds in a new development.

“Gold prices have risen overall in 2025 (around $3,900-$4,000/oz) due to its role as a safe-haven asset amid economic uncertainty, inflation, and geopolitical tensions. Diamonds are declining (lowest since 2000) from oversupply, lab-grown alternatives, and shifting consumer preferences away from luxury gems.”

Lab-Grown Diamonds Usage Surges To New Highs

Per a recent report by Gzero, the price of a natural one-carat diamond has now dropped by 26% over the last 3 years. Moreover, since 2016, the cost of one-carat diamonds has now down by a whopping 82%, as more consumers have started to explore budget-friendly lab-grown diamonds.

According to a recent report by the Knot, nearly 52% of couples now prefer a lab-grown diamond ring over a natural one, reshaping the diamond market momentum in real time.

“For the first time, over half (52%) of couples shared that their engagement ring featured a lab-grown stone. This is a trend that has not stopped growing in popularity, increasing by another 6% from last year and representing a whopping 40% growth from 2019.”

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