Natural Diamond Prices – October 2024

LAST UPDATE ON: October 6th, 2024

At PriceScope, we are dedicated to keeping you updated on the latest movements in the diamond market. Our expert insights focus on the economic and social factors shaping consumer trends and the pricing of natural diamonds.

As the natural diamond market continues to shift, staying informed about these changes is crucial for making confident purchasing decisions. By tracking the latest market trends and key drivers, you can approach your natural diamond investment with greater certainty.

This month, we’ll explore how the economic and political developments of September 2024 have influenced the Popular Diamond Shapes Chart and natural diamond pricing trends in October.

Where to buy loose diamonds? Shop the highest quality diamonds at Whiteflash, James Allen, and Blue Nile they all have fantastic selections of loose diamonds.

Popular Diamond Shapes

In October 2024, round diamonds continued to dominate the market, accounting for 80.42% of total popularity, with a notable increase of 4.62% compared to September. The oval cut moved into second place, overtaking the princess cut with a 37.03% rise in popularity. Cushion diamonds also climbed from fourth to third place, experiencing a 21.88% boost. The emerald cut saw a rise in popularity as well, jumping from fifth to fourth place with a 27.41% increase. Meanwhile, the princess cut dropped from second to fifth place, experiencing a significant decline of 75.20%.

Round Diamond Price Chart

Round Diamond Price Changes For The Last 3 months
Diamond Carat Sizes	8/1/2024	9/1/2024	10/1/2024
0.0 – 0.5	-7 % ↓	-5 % ↓	0 %
0.5 – 1.0	-9 % ↓	-4 % ↓	-3 % ↓
1.0 – 2.0	-7 % ↓	-4 % ↓	2 % ↑
2.0 – 3.0	-9 % ↓	-6 % ↓	24 % ↑
3.0 – 4.0	-3 % ↓	-5 % ↓	20 % ↑
4.0 – 99	-6 % ↓	-4 % ↓	28 % ↑

Average Price Per Carat For a Round Diamond

This October the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $5,872 compared to September 2024 which was an average price of $5,699. The average price per carat for round diamonds has increased by 3.04% since last month.

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 November’s natural diamond price updates.

Looking ahead, what are your thoughts on the natural diamond market for Q4 of 2024? Do you have any questions about diamond prices? Ask an 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.