Abrasives and Diamonds
Their prices have moved together.
Abrasives (commodity) and Diamonds (commodity): 1 relationship.
How they are linked
1. Price link: industrial use
Cost and price · Moderate · Both ways
Industrial diamonds, now almost all synthetic, are used in grinding, cutting and drilling tools alongside other abrasives. They do not affect gem prices much; the abrasives index shows a monthly correlation of 0.02 and yearly of 0.33.
- 0.02 monthly change correlation
- 0.33 12-month change correlation
- 0.03 fitted elasticity
Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.