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Have diamond prices gone up

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Have diamond prices gone up
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Yes, diamond prices have gone up.

In the jewellery industry, some claim that there has been a genuine "buying rush" for raw or unprocessed diamonds. De Beers has retaliated by dramatically raising the prices for its own extracted diamonds on the public market.

De Beers has increased its diamond prices this year by about 8%, according to people with knowledge of the issue. Although smaller and less expensive diamonds experienced the most significant price rises, price increases were observed across the board.

The rising cost of diamonds is a result of economic factors. The demand from consumers for luxury items, such as diamond jewellery, has grown significantly as the world struggles to emerge from the epidemic age. In the meanwhile, supply is the same due to Russia _Ukraine conflict.
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