BUSINESS

Diamond prices start to recover

Mico Virata · Aug 29, 2026, 5:58 PM

This photograph taken on 2 November 2023 in Geneva, shows "Bleu Royal", a rare 17,61 carat internally flawless fancy vivid blue pear-shaped diamond. The "Bleu Royal" diamond is expected to fetch between $35 to $50 million at Christie's auction house "Magnificent Jewels" sale scheduled in Geneva for 7 November 2023. — (Photo by PIERRE ALBOUY / AFP)

Natural diamond prices are beginning to stabilize after falling 20 to 30 percent from their post-pandemic highs, with larger stones showing signs of a stronger recovery.

Diamonds weighing more than two carats are seeing significant price increases as De Beers targets 10 to 12 percent growth in fiscal year 2027, betting that India’s festive season will help revive consumer demand.