If you've been thinking about buying a diamond ring, pendant, or piece of fine jewellery, 2026 may be the most favourable buying window in years. Diamond prices — both natural and lab-grown — have softened significantly, giving buyers more stone for their budget than at any point in recent memory.
Why are diamond prices so low right now?
- Lab-grown diamond production has scaled dramatically, driving down prices across the board
- Natural diamond prices have followed suit as consumer choice widens
- Wholesale prices have dropped 30–50% from 2022 peaks, with retail prices reflecting this
- Currency strength and reduced luxury demand post-pandemic have added further downward pressure
What does this mean for buyers?
- You can now access larger carat weights or higher clarity grades for the same budget
- Bespoke and custom pieces are more accessible than ever
- Lab-grown diamonds now offer near-identical quality to natural at a fraction of the cost
Is this a permanent shift or a temporary dip?
Natural diamond supply is finite — major mines are depleting and no significant new sources have been found. Analysts expect natural diamond prices to recover as supply tightens. Lab-grown prices may stabilise but are unlikely to rise significantly. Either way, now is the window.
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Browse our current diamond jewellery collection at Wave Jewellery — from solitaire rings to bespoke settings — and make the most of today's prices.