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Home The BlogCoronavirus Effect on Diamond Prices


Coronavirus Effect on Diamond Prices

The effects of coronavirus on the current economic state and what it means for diamond prices. The effect of the current economic situation as a result of the coronavirus crisis has been felt in almost every industry all over the world, and this is likely to be the case for some considerable time. The diamond market, which was already seeing something of a downturn, saw a significant change from the moment that China went into lockdown in late January. Whilst the effects of the pandemic have not made life easy for those businesses trading in diamonds and selling diamond jewellery, they have meant that where the general public are concerned, diamond prices are proving to be more appealing. There has never been a better time to buy with diamond jewellery offering much better value for your budget.

Can I still buy diamond jewellery?

If you have been wondering whether you can still buy diamond jewellery with so many of the shops currently closed, the answer is an emphatic yes. In fact, there really has never been a better time to buy with diamond prices as favourable as they are. Whilst a visit to a physical store may not be an option at the moment, virtual consultations from the comfort of your own home with the professionals here at Steven Stone offer the perfect solution. Our experts will be able to offer you the benefit of their unrivalled knowledge, and the same great level of customer service that you would find in store but from the safety of your own home. Not only will you still be able to look at a fantastic selection of diamond jewellery but with the undivided attention of an expert member of staff you will be able to find the answers to any questions that you might have.

Has your budget changed?

One thing that you may want to consider of course is your budget, especially if you are buying an engagement ring. Tradition dictates that as a rough guide the budget for an engagement ring should be around two months’ salary however these are unprecedented times that we currently find ourselves in and many people have been placed on furlough and are facing a decrease in their wages. If this is the case, then your budget may obviously have changed, or you may want a little longer to pay the money that you were hoping to spend. With a range of payment plans available, the experts at Steven Stone are sure to be able to find or create the perfect diamond piece for your budget, so why not get in touch to find out just what you could get for your budget.