People Are Interested To Spend More On Traveling Instead Of Investing On Diamonds: Prices Fall

Oct 4, 2023

Last Updated on: Feb 12, 2025

News

The prices of rug diamonds have dipped as consumer behavior changed in the post-pandemic era. Based on the CNN report of CNN, people are shying away from investing in such luxury items. The Zimnisky index reports said the prices have reached their lowest point in many years.

According to industry analysts, diamond prices are changed in terms of customers’ preferences who prioritize experiences such as traveling over luxury goods and dining out. A diamond analyst, Paul Zimnisky, said that consumers had extra spending during the pandemic since expenditure on traveling and dining was considerably low.

Another diamond analyst, Edahn Golan, said diamonds are a consumer-driven market. He stated in an interview, “Shopper demand for diamond jewelry influences rough diamond prices and, to an extent, retail prices. Retailers stoke consumer demand by pouring hundreds of millions of dollars into advertising.” The sales rate of diamonds is expected to see the final jump during the winter holidays, and it will be in early 2024. There will be many holidays in this period, including Valentine’s Day and Christmas. Retailers don’t know how to adjust in-store prices based on the rough diamond market in the short term.

Learn More About:

  • How To Save Money On Your Next Trip?
  • Olight Warrior Mini 2 Edc Tactical Light

Share on Social Media

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

Leave a Reply

Your email address will not be published. Required fields are marked *

title-img Related

READ MORE Things Locals Wish Tourists Wouldn't Do When In Iceland

6 Things Locals Wish Tourists Wouldn’t Do When In Iceland

BY  Abdul Aziz Dec 23, 2023

Icelandic Tourist Board reported over 1.7 million visitors in 2022. The ethereal beauty of Iceland has persistently drawn hoards of tourists to its shores. Unavoidably, these tourists make mistakes and encounter culture crushes. There are now about six things that collectively irks the people of Iceland. First, there is the joke about Iceland and Greenland. Actually we have all heard the joke. It stems from the fact that Greenland is covered in ice and Iceland is lush green. Then there is the northern lights that tourists look for during the summers. Icelanders are tired of tourists not doing their research before planning their trip. The midnight sun that occurs between May and August is also a matter of confusion among tourists. European culture, especially Iceland does not appreciate tipping in restaurants, finding it borderline offensive in certain parts. Saying no to tipping on the part of the service-providers also results in arguments. Anna Ragna, born and raised in Iceland moved to the US in 2015. She tells Business Insider, "A lot of times there would be tips on the table for the waitress and they say, 'We can't take it,' and then it'll end up turning into an argument, and that's something that happened quite often." Iceland is renowned for its pristine beauty and the natives hate when tourists littter. Ragna says, it "enrages us as a people." There is also the issue of tampering with the delicate Icelandic moss. This slow-growing green layer is able to adapt to the harshest climates but it can be very fragile when tread  upon. It grows incredibly slowly and it can take up a hundred years just to grow a simple patch." Tourists also ignore signs in different hazardous areas. For example, an Icelandic Coast Guard helicopter rescued an  "exhausted, cold and shocked" hiker who got too close to a volcanic eruption near Grindavík on December 19. Authorities warned tourists to "think four times." Davíð Geir Jónasson who is the owner of Icelandic tour company called Vik Expeditions says he has seen this happen too many times throughout his 15-year long service. He says, "In Iceland, a warning sign is put up because someone has died or multiple people have died. It's not just because something might happen." Read Also: Kenya Is Targeting 5.5M Tourist Arrivals By 2028 Juneau’s Mendenhall Glacier Recreation Area Is Expecting Big Changes Christmas In Nottingham: 2023 Bin Collection Dates, Tram Timetable And More

READ MORE Zanzibar Or Oman

Zanzibar Or Oman: Which Do The Hungarian Tourists Like?

BY  Abdul Aziz Nov 14, 2023

Oman and Zanzibar are now two of the most popular destinations for tourists of Hungary, especially in the New Year time. Both countries are visited mainly by couples and adults. The number of tourists visiting the two spots have recordedly increased sevenfold. The beginning of the winter season has come late crossing over from the long, mild autumn, onto the winter. Bookings for the end of the year are now open. But what can you expect in the winters of these two countries? Although Turkey, Egypt, and the Canary Islands are perennial favorites, they are also frequented all year. The holiday bookings in the autumn months has increased by 27-28% in the last year. Regardless of family status and the calendar, and looking at the cold seasons in general – October to April – Egypt, Turkey, and the Canary Islands are competing with Zanzibar and the United Arab Emirates for the top spot. At the end of the season, it will be interesting to see how this year’s new hit, Oman, finally shifts the ranking. In the autumn-winter period, the majority of travelers spend eight to nine days away, and 76% of trips opt for all-inclusive or ultra-all-inclusive for these days. 55% of those who travel at this time of year are in the 40-59 age group: for them, such a trip is also about self-care, whether it is about preparing for the end-of-year drive or relaxing. Most people travel on Fridays and Sundays, the fewest on Mondays. Read Also: November Trips In 2023: From London To The World Vietnam’s International Tourist Influx Surpasses Expectation, Reaches 8.9 Million

READ MORE Best Tourism Villages In The World

Best Tourism Villages In The World 2023

BY  Abdul Aziz Oct 31, 2023

When you are looking for places to visit, there are uncountable places that can be considered. But when you narrow your scope down to a slow-paced locality that has all the natural charms to get you feeling rejuvenated, the places become a lot less blingy and more earthy. The United Nations World Tourism Organization enlists all the names in world tourism. The organization has, in the past three years, recognized villages around the globe that "are leading the way in nurturing rural areas and preserving landscapes, cultural diversity, local values and culinary traditions." Here are some of them: Hakuba, Japan Hakuba may be famous for its winters, but it's worth a visit year-round. In the summer, he loves hiking up the mountains to lodges. In the autumn, it is popular with visitors who want to see the autumn foliage. And Hakuba's onsens – hot springs – are popular no matter the season. Lerici, Italy Unlike many other coastal Italian enclaves, Lerici has also kept up its traditional fishing industry. Among various sustainability initiatives, the town runs a pilot project called Smart Bay, which includes scientific research and monitoring of the bay and its ecosystems. It also introduced solar panels, banned single-use plastics, and prohibited cigarette smoking in coastal areas. Lephis, Ethiopia For natural beauty and wildlife, it's hard to beat the village of Lephis, located in Lephis Forest, around 160km south of the Ethiopian capital, Addis Ababa. Travelers can trek or horseback ride past the striking Lephis Waterfall and through hills and valleys, catching glimpses of animals, including colobus monkeys, leopards, and mountain nyala. Birdwatchers are in for a particular treat, with species including the Abyssian oriole and white-cheeked turaco. Some of the other villages are Douma, Lebanon, and Zapatoca, Colombia. Read Also: 10 Best Restaurants In The US Glasgow City Council Moved To Offer More Bus Stops For Tourists Sri Lanka Has Approved Visa-Free Entry For Visitors From Six Countries Including India