Natural Diamond Prices – July 2024

LAST UPDATE ON: August 4th, 2024

PriceScope is your trusted resource for up-to-date insights on the diamond market. Our discussions explore the socio-economic factors that influence consumer buying behavior and the pricing of natural diamonds.

In today’s highly competitive natural diamond market, staying informed about potential price fluctuations is crucial for consumers. Researching and keeping up to date with market trends can help shoppers make well-informed decisions when investing in natural diamonds.

Let’s take a closer look at how economic and political activity throughout June 2024 had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices in July 2024:

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Popular Diamond Shapes

In July 2024, round diamonds continued to be the most popular shape of diamond on the market, making up 85.78% of popularity and increasing by 3.34% (popularity) since June 2024. Emerald increased in rank from third to second place and increased by 14.62% (popularity) since June 2024. Oval shifted down to third place and decreased in popularity by 11.67% since June 2024. Cushion remains in fourth place and increased by 17.86% (popularity) since June 2024. Princess remains in fifth place and increased in popularity by 5.45%.

Round Diamond Price Chart

Round Diamond Price Changes For The Last 3 months
Diamond Carat Sizes	5/1/2024	6/1/2024	7/1/2024
0.0 – 0.5	-1 % ↓	-1 % ↓	-2 % ↓
0.5 – 1.0	0 %	-3 % ↓	-3 % ↓
1.0 – 2.0	1 % ↑	-3 % ↓	-4 % ↓
2.0 – 3.0	4 % ↑	-2 % ↓	-5 % ↓
3.0 – 4.0	3 % ↑	-4 % ↓	-2 % ↓
4.0 – 99	4 % ↑	-2 % ↓	0 %

This July the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $5,934 compared to June 2024 which was an average price of $6,147. The average price per carat for round diamonds has decreased by 3.47% since last month.

The current average and lowest prices per carat are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity.

We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds. PriceScope has been collecting retail diamond prices since 2007 of over 1,000,000 diamonds currently in the database. PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Keep an eye out for August’s diamond prices.

Based on your knowledge of the natural diamond market. What are your predictions for the natural diamond market in Q3 of 2024? Do you have any questions regarding diamond prices? Ask an expert! Simply click the comments button below.

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