# Diamonds and Energy-intensive industry

Their prices have moved together.

Source page: https://www.materialinsights.org/links/diamonds-and-energy-intensive-industry/

[Diamonds](https://www.materialinsights.org/commodities/diamond/) (commodity) and [Energy-intensive industry](https://www.materialinsights.org/energy/e_heavy_industry/) (energy): 1 relationship.

## How they are linked

### 1. Price link: lab-grown cost

*Cost and price · Moderate · Both ways*

Growing diamonds by vapour deposition or high-pressure presses takes a lot of electricity, so cheap power in India and China helps lab-grown stones undercut mined ones. The US power index correlates at 0.10 monthly and 0.37 yearly with the diamond index.

- **0.10** monthly change correlation
- **0.37** 12-month change correlation
- **0.02** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.