Diamonds rise as the yuan dips

The Chinese yuan took a surprising dip last week, which had an unexpectedly positive impact on jewelry investment. China’s trading volume of diamonds exceeded 43 million carats in the first season of the year and there is no sign of the trend easing anytime soon, although the price of diamonds is increasing. In the international market, the price of white diamonds has increased around 160% in the past 10 years. China is a main contributor, as its consuming amount ranked second in the market. Chinese citizens not only buy diamonds as a luxury, but also hold onto and use them as an investment.

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