Global diamond prices have been on a sharp decline in recent years - and leading online jeweler Ritani says this may be one of the best times in history for consumers to buy.

NEW YORK CITY, NY / ACCESS Newswire / July 11, 2025 / According to Ritani's internal pricing data and supplier trends, natural diamond prices have dropped 15-25% over the past year, driven by slowing global demand and increased inventory from major suppliers. Lab-grown diamonds have seen an even steeper decline, with prices down up to 70% compared to just three years ago.

'These shifts are dramatic-but they're also empowering,' said Ria Papasifakis, Chief Revenue Officer at Ritani. 'Consumers are in the driver's seat. Whether you're shopping for a classic natural diamond or a larger lab-grown alternative, you're getting far more value for your budget today, but this won't be the case for long. Sales trends and market data are showing a shift from lab-grown diamonds back to natural diamonds, which means an increase in pricing is only a matter of time. Wise shoppers know the best time to purchase is now before prices increase.'

Diamond Price Drops by the Numbers (2023-2025):
Natural diamonds: Average price per carat dropped 18.4% for GIA-certified 1.0ct-2.0ct stones
Lab-grown diamonds: Average price per carat fell 62% for similar carat and clarity
1.50ct lab-grown round diamond: Priced around $2,000 in 2025 vs. $6,000 in 2021

While price drops might concern investors, Ritani says the silver lining lies in increased access and smarter purchasing decisions.

'This isn't a race to the bottom. It's a recalibration of what value means,' said Papasifakis. 'We're seeing customers use the same budget to upgrade from a 1.0ct to a 2.0ct stone-or invest in better cut, clarity, or metal settings.'

With Ritani's transparent pricing model, customers can view real-time price breakdowns, compare stones side by side, and speak with gemologists at no cost. Whether buying natural or lab-grown, Ritani encourages customers to prioritize cut quality, certification, and longevity over inflated brand markups.

'We believe the best diamond is the one that fits your values and budget - not marketing trends,' said Papasifakis. 'And right now, that budget goes a lot further.'

SOURCE: Ritani