Diamonds and Platinum

Their prices have moved together.

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

How they are linked

1. Price link: jewellery demand

Cost and price · Weak · Both ways

Platinum is a common setting for diamond rings, so bridal jewellery demand links the two. The correlation is slight, monthly moves 0.16 and yearly changes slightly negative (-0.09), because platinum's price is driven mainly by cars.

• 0.16 monthly change correlation
• -0.09 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.