Natural Diamond Prices – December 2024

Published on: December 1st, 2024

At PriceScope, we remain dedicated to providing timely and insightful updates on the latest trends in the diamond market. Our expert analysis focuses on the economic and social changes shaping consumer behavior and influencing natural diamond pricing.

As the natural diamond market concludes 2024, understanding these shifts is crucial for making informed purchasing decisions. Staying up-to-date on the key drivers and trends allows you to approach your investment in natural diamonds with greater confidence.

In this month’s update, we’ll explore how the market conditions of November 2024 have influenced the Popular Diamond Shapes Chart and natural diamond pricing trends in December.

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Popular Diamond Shapes

In December 2024, round diamond remains the most popular shape, accounting for 71.65% of the total market share. However, this marks a 4.40% decline from their November share of 74.95%. While still dominant, this decrease suggests a gradual diversification in consumer preferences.

Oval cut continued to hold second place, showing a significant surge in popularity. Its market share grew by 22.74%, rising from 5.19% in November to 6.37% in December. This upward trend underscores its appeal as a distinctive yet classic choice for buyers seeking alternatives to round diamonds.

Emerald cut gained traction, climbing from fourth to third place with a 22.68% increase in popularity, growing from 4.41% in November to 5.41% in December. This highlights a renewed interest in its sleek architectural design.

Pear cut rose from fifth to fourth place, with an impressive 28.27% increase, reaching a 4.99% market share in December compared to 3.89% in November. This rise reflects an evolving consumer taste that favors the pear shape’s unique silhouette.

Meanwhile, cushion cut slipped from third to fifth place, despite a modest 0.62% increase, moving from 4.82% to 4.85%. Its enduring vintage appeal continues to resonate with a niche audience, though its ranking shift suggests growing competition among other fancy shapes.

Round Diamond Price Chart

ROUND Diamond Price Changes For The Last 3 months
Diamond Carat Sizes	10/1/2024	11/1/2024	12/1/2024
0.0 – 0.5	0 %	-1 % ↓	1 % ↑
0.5 – 1.0	-3 % ↓	-2 % ↓	3 % ↑
1.0 – 2.0	2 % ↑	-3 % ↓	0 %
2.0 – 3.0	-1 % ↓	0 %	0 %
3.0 – 4.0	-1 % ↓	0 %	1 % ↑
4.0 – 99	-1 % ↓	0 %	1 % ↑

Average Price Per Carat For a Round Diamond

In December 2024, the natural diamond market showed moderate shifts in the average price per carat for round diamonds in the 1.00–1.19 carat range. While some clarity and color grades displayed slight increases, others experienced declines, reflecting the dynamic nature of the market as the year concludes.

Premium Grades

High-value grades such as D/FL saw a slight increase in average price, moving from $11,630 in November to $12,087 in December, while D/IF rose from $13,835 to $14,054. These upward shifts may reflect strong holiday-season demand for premium diamonds, particularly for consumers prioritizing quality.

Mid-Range Grades

Mid-range grades showed some declines. For example, G/VVS2 dropped from $6,193 in November to $6,159 in December, while F/VVS2 decreased from $7,528 to $7,467. G/VS1 remained stable, moving marginally from $5,831 to $5,835, signaling consistent consumer interest in this value-focused segment.

Lower Grades

Lower clarity and color grades demonstrated varied performance. J/VS1 decreased slightly from $3,258 to $3,227, indicating ongoing demand in the budget-conscious segment. Conversely, K/SI1 saw a slight increase from $2,216 to $2,263, reflecting stable but cautious purchasing behavior at the entry-level end.

When shopping for loose diamonds, it’s important to consider that factors like cut quality and vendor services—such as upgrade options and return policies—can significantly influence the price. At PriceScope, we’ve been tracking retail diamond prices since 2007, with over 1,000,000 diamonds currently in our database. Our Diamond Price Chart page offers comprehensive price insights for both round and fancy-shaped diamonds, updated monthly. Be sure to check back for January 2025’s natural diamond price updates.

As 2024 concludes, the natural diamond market has shown nuanced shifts driven by consumer preferences and economic dynamics. December’s price movements offer valuable insights into the trends that have shaped Q4, providing a foundation for forecasting expectations in early 2025. For those closely monitoring these developments, your perspectives and questions are invaluable. Share your thoughts or connect with an industry expert by clicking the comments button below.

Whether you’re in the market for natural diamonds or just exploring your options, be sure to visit the PriceScope Diamond Search.