[HIGHLIGHTS] Huge price reduction! Are diamonds still “fragrant”?

Huge price reduction! Are diamonds still “fragrant”?. Text/Chen Haoxing.

De Beers Group, the leading international diamond company, once again lowered the prices of various rough diamonds at its first rough diamond viewing meeting this year. The price of a 1-carat natural diamond ranges from RMB 10,000 to RMB 70,000, while a cultivated diamond of the same size only costs RMB 1,000-3,000. According to the Belgian Federation of Diamond Exchanges, two years ago, artificial diamonds were 40% cheaper.