Diamond price is surging.
The cost of a piece of gemstone has risen from about $10,000 to $20,000, according to DiamondWatch, a market tracker for the precious metals industry.
But while the price of diamonds has jumped from $5,000 in 2011 to $10 in 2017, the average cost of an ounce of diamonds is still only about $200,000 according to the U.S. government.
That means there is a lot of supply in the market, which has created demand for diamonds.
In fact, there are currently about 5.3 million ounces of diamonds in the United States, according the National Gem and Mineral Council.
Diamonds have been in demand for more than 1,400 years, but they haven’t really gained in value since the 19th century.
The average price of an acre of prime American farmland has been about $50,000 since 1950, and a single ounce of a pure diamond is about $5.6 million, according a 2017 report by the National Mining Association.
In 2018, the total global supply of diamonds was about 6.8 billion ounces, according Toe-to-Toe.
The market is also growing, and diamonds could be one of the largest commodities in the coming years.
Diamonds are also growing because they are used in jewelry and other consumer products, and demand is skyrocketing for them.
Demand for diamonds has skyrocketed since 2017, and now, according DiamondWatch’s latest data, the price is $20.2 billion higher than it was in 2017.
As more people are looking to save money, they are going to try to buy more, and they are buying smaller amounts of diamonds, DiamondWatch said.
This will likely keep prices up as people look to buy diamonds in smaller amounts.
People are buying diamonds because they feel they can afford them, and this is where we are headed, the agency said in a statement.
It’s not just the demand for diamond that is rising, the cost of diamonds also is soaring.
The average price for an ounce rose from $6,000 last year to $11,000 this year, according GemSpot.
The price of one pound of diamonds jumped from about US$1,200 to $2,300 in the same period.
Diamonds also are becoming more expensive for people who don’t want to spend much on jewelry.
The prices of diamonds rose about 1,300 percent in 2017 from $20 per ounce to $50 per ounce, according Luxury Metals.