There are several reasons for the rise in global diamond prices: the result of the general increase in demand. Another point is that the exploitation of diamonds is getting less and less. After all, diamonds are the product of nature, and it takes hundreds of millions of years for this product to form such organic matter. So the price of diamonds will rise gradually, not only for these reasons, but also for other reasons.

So in today's society, our demand for high-end luxury goods is getting higher and higher. After all, our spending power is constantly improving, resulting in many wealthy families. Some of them will buy things they didn't or couldn't buy before, such as some gold and silver jewelry, diamond rings and necklaces. These are all improvements to our better life. Then, in today's daily life, many newlyweds will buy a diamond ring, which belongs to their eternal love. After all, diamonds are pure natural, the hardest stone in nature, and have great collection value. Recently, the world's largest diamond producer has greatly increased the price of diamonds, so the reasons for the increase in diamond prices are as follows.

First, the global demand for diamonds has increased. First of all, the first point is that in our daily life, people have money to spend noble luxury goods, which has never happened before. For example, some rich people or wives now, in order to show their wealth, for example, use customized services on a necklace, and then set their own number of diamonds on it according to their own requirements. This demand shows their wealth, which is different from those around them. This is the difference between the needs of the rich and the feeling of being different. There are other demands, such as diamonds on watches, which is another demand for diamonds.

Second, the current diamond mining volume has declined. Another point is that the number of diamonds mined worldwide has also declined. One of the reasons is that the number of diamonds in the world is not very large, which is estimated to be tens of thousands of tons, and some of them have to be removed as scraps, so there are really too few diamonds that can become the first jewelry among us. In addition, this kind of stone is deep underground, and it is more difficult to mine. Therefore, in order to keep the mining cost, we can only increase the sales price of diamonds.

Third, the global impact of the COVID-19 epidemic. The last point is the COVID-19 epidemic in 2020. In order to maintain the profit model of diamond manufacturing industry, it is also a last resort to increase the price of diamonds. Bruce, CEO of diamond mining giant De Beers? Clive said that De Beers may have to lay off employees, because the COVID-19 epidemic has affected the demand for jewelry and sought comprehensive business reform.