# Diamonds and Platinum

Their prices have moved together.

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

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