India, Sept. 24 -- Natural diamond prices have fallen to levels not seen in more than two decades, with wholesale prices now around 30-40% below their 2021 peaks, according to a recent market report carried by TradingView.

The drop comes as the diamond industry faces lesser demand in key markets, elevated inventories and growing competition from lab-grown diamonds. The fall has not been uniform, with smaller and lower-quality natural diamonds under greater pressure than larger, higher-quality stones.

Demand for natural diamonds has softened in some major markets. De Beers said rough diamond trading conditions remained challenging in the first half of 2026, with geopolitical and macroeconomic uncertainty affecting consumer confidence and...