Diamonds and Gold

Their prices have moved together.

Diamonds (commodity) and Gold (commodity): 1 relationship.

How they are linked

1. Price link: jewellery demand

Cost and price · Weak · Both ways

Gold and diamonds compete for the same jewellery spending, especially in India and the US. The diamond index tracks US import prices and is hit by lab-grown competition, so the correlation is near zero (0.08 monthly).

• 0.08 monthly change correlation
• -0.17 12-month change correlation
• -0.66 fitted elasticity

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