Diamond Price History and Forecast Analysis Provided by Procurement Resource

A precious gemstone called diamond is prized for its extraordinary hardness, brilliance, and clarity. It has special qualities because it is made of carbon atoms organized in a crystal lattice structure. Diamond is the toughest substance that exists naturally, making it resistant to wear and scratching. Its high refractive index contributes to its distinctive brilliance and capacity for light reflection.

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Diamond is renowned for its great thermal conductivity, which enables it to easily dissipate heat. Its optical clarity is enhanced by its transparency and the absence of color. Diamond also has a high chemical resistance, making it resistant to most acids and chemicals. They are highly prized and frequently employed in jewelry, cutting tools, industrial uses, and as a symbol of luxury because of their exceptional qualities.

Key Details About the Diamond Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diamond price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The diamond price trend, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Diamond Price Trend:

Due to its exceptional qualities, diamond has many industrial applications. The cutting and polishing industry is one of its main uses. It is the best material for cutting, grinding, and shaping materials, including gemstones, metals, and ceramics, due to its extraordinary hardness and resistance to abrasion. It makes grinding wheels, saws, drills, and diamond blades. The electronics sector is another field where diamond is used industrially. Diamond's exceptional thermal conductivity makes it an ideal choice for use as a heat sink for high-power electronic devices. They are also used to make precision equipment, including record player stylus tips, diamond anvils for high-pressure experiments, and diamond-tipped tools for machining.

Key Players:

• De Beers Group (Anglo American)
• Applied Diamond Inc
• Industrial Diamond Laboratories Inc
• Lucara Diamond Corp.
• Petra Diamonds Limited
• Gem Diamonds

News & Recent Development

• 17 May 2023: - Emerald Jewel Industry picks up stake in Limelight Lab Grown Diamonds - With the aim of making Limelight a vertically integrated brand and jointly producing, selling, and distributing lab-grown CVD diamond studded jewellery in India and other markets, Emerald Jewel Industry has acquired an equity position in Limelight Lab Grown Diamonds. The agreement's terms are still secret.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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