If you have the same question in mind, it’s either because you are interested in investing in diamonds or you want to purchase a diamond ring.
MORE: Take a look at the best diamonds Vancouver BC has to offer!
Either way, this article will give you the answer to your query.
Diamonds’ Value in 2020
The past year was an interesting time for the diamond industry, but what is the diamond’s forecast for this year? Let’s read what the experts have to say.
According to Liberum Capital Markets, the diamond crisis in 2019 may persist until the first half of 2020. While there is a glimmer of hope coming from mine supply cuts and a conclusion to the provisions in the midstream that should aid in lifting rough diamond rates, the first half of the year is still likely to be challenging for the diamond dealers.
The pricing on rough diamonds made such an impact across the industry. In spite of the certain effect in the market, analysts can still see a future of growth, so it’s not a hopeless case for diamonds Vancouver BC market.
For February 2020, the diamond price is predicted to wind up at $0.7425051, with an expected maximum price of $0.9747537 and a minimum price $0.6628325 (Trading Beasts).
Now, if you are planning to buy a diamond engagement ring, what can you expect to find in the market?
Diamond Engagement Ring Trends in 2020
We can rest assured that the challenges in the diamond business will not dull the sparkle of this popular gemstone. So if you are planning to buy a diamond engagement ring soon, make sure to take note of the new trends.
- On Cut. The emerald and oval cuts are expected to continue getting the spotlight this year. Why not? These cuts make your diamonds look bigger and brighter than ever. Emerald’s uncommon shape will surely be a conversation piece while the classic oval has always been on high demand .
- On Setting. The three-stone setting, which represents past, present, and future, will also continue to charm our modern brides today.
- On Color. Colored diamonds are in this year. Rose gold, green, blue, and yellow are among the favorites in the color choices.
- On Price. Natural diamonds are still expensive, but you can always opt for lab-grown synthetic diamonds which are equally superb in quality.