Material Insights · Understanding the Material World

Diamonds and Hydrogen

Their prices have moved together.

Diamonds (commodity) and Hydrogen (chemical): 1 relationship.

How they are linked

1. Price link: lab-grown input

Cost and price · Weak · Both ways

Lab-grown diamonds are grown by chemical vapour deposition from methane in a hydrogen plasma, so hydrogen is a direct input to the main competitor of mined stones. The hydrogen index shows no correlation with gem prices (0.03 monthly).

  • 0.03 monthly change correlation
  • -0.14 12-month change correlation
  • -0.09 fitted elasticity

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