Diamonds have always been synonymous with prestige, commitment, and elegance. But over the past year, customers in Qatar have noticed a steady rise in prices, especially for diamond rings. From market shifts to global supply chain issues, a mix of factors is influencing this upward trend. What’s Causing the Surge in Diamond Prices? One of the key reasons diamond prices are increasing in Qatar is global scarcity. As mining slows down in key regions and labour costs rise, the reduced supply directly impacts retail pricing. At the same time, rising demand, particularly during festive seasons and wedding months, adds further pressure. Another driving factor is inflation. Like many luxury goods, diamonds are affected by currency fluctuations and raw material costs. This results in higher pricing for both loose stones and finished jewellery like diamond engagement rings. Is Demand for Diamond Rings in Qatar Growing? Yes, and significantly so. Cultural preferences, modern gifting trends, and ...
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