# Diamonds and Gold

Their prices have moved together.

Source page: https://www.materialinsights.org/links/diamonds-and-gold/

[Diamonds](https://www.materialinsights.org/commodities/diamond/) (commodity) and [Gold](https://www.materialinsights.org/commodities/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.