Diamonds are one of the most precious stones in the world. People love them for their beauty, shine, and long-lasting value. In Pakistan, many people search for the latest diamond prices before buying any jewellery piece. One of the most common terms buyers use is 1 Gram Diamond Price in Pakistan, and many people are confused why the price does not stay the same. Sometimes the price goes up and sometimes it comes down, even within a short time.
If you are planning to buy diamond jewellery, it is very important to understand why the 1 gram diamond price keeps changing. When you know the reasons, you can make a better decision, save money, and choose the right time to buy.
This article explains in simple wording why 1 gram diamond price is not stable and what factors affect the Gram Diamond Price in Pakistan.
1. International Diamond Market Trends
Diamonds are not produced in Pakistan on a large scale. Most diamonds are imported from other countries. Because of this, Pakistan’s diamond prices depend heavily on the international market.
Why does this matter?
When diamond prices rise in the international market, the 1 Gram Diamond Price in Pakistan also increases. When global prices fall, Pakistan’s prices may also reduce.
What affects global prices?
- Changes in supply and demand
- Political conditions in diamond-producing countries
- Mining challenges
- International economic conditions
For example, if there is a shortage of diamonds in big countries or mining becomes difficult, the prices increase worldwide.
2. Currency Exchange Rate (Dollar Rate)
One of the biggest reasons for price changes is the dollar exchange rate. Since diamonds are imported using foreign currency, the value of the Pakistani rupee directly affects diamond prices.
How does this impact the price?
- If the dollar rate goes up, the 1 Gram Diamond Price in Pakistan increases.
- If the dollar rate goes down, prices may become lower.
Because the dollar rate changes almost every day, diamond prices also move up and down.
3. Quality of Diamond (4Cs Rule)
The value of a diamond mainly depends on the famous 4Cs rule:
- Cut
- Clarity
- Color
- Carat Weight
Even if the weight is the same, two diamonds can have very different prices due to quality differences. A diamond with a perfect cut, high clarity, and bright color will always cost more.
What does this mean for price changes?
Sometimes high-quality diamonds are less available, which causes their prices to increase. When more supply becomes available, prices may reduce.
So, quality differences also cause daily changes in the 1 Gram Diamond Price in Pakistan.
4. Import Duties and Taxes
Pakistan charges duties and taxes on imported luxury items. Diamonds fall under this category. If duties or taxes increase, diamond prices also rise. If the government reduces taxes, prices may fall.
Examples of changes that affect price:
- Increase in customs duty
- New import taxes
- Changes in GST
- Economic policies
These changes can suddenly raise or lower the 1 Gram Diamond Price in Pakistan.
5. Supply and Demand Within Pakistan
The local demand also affects prices. When the wedding season starts, many people buy diamond rings, sets, and earrings. This increases the demand in the market.
When demand increases:
Prices usually go up because more people are trying to buy diamonds.
When demand decreases:
Vendors may reduce prices to attract customers.
Local market activity is a big reason why the 1 gram diamond price changes during specific months of the year.
6. Cutting and Polishing Costs
Diamonds are not sold in their raw form. They go through cutting, polishing, shaping, and finishing. The cost of this work depends on:
- Labor charges
- Machinery cost
- Skills required
- Time taken
If these costs increase, the final price of the diamond also increases. This affects the overall 1 Gram Diamond Price in Pakistan.
7. Transportation and Insurance Costs
Moving diamonds from one country to another involves high security and insurance. If international fuel costs increase or transportation gets more expensive, diamond prices rise.
Even a small increase in transport cost can raise the price of each gram of diamond.
8. Market Competition
Different jewellers set different profit margins. Some keep high prices, while others offer competitive rates. Because of this competition, prices do not stay the same everywhere.
If one jeweller reduces prices, others may also adjust their prices. This creates frequent price changes in the market.
9. Economic Stability of Pakistan
When the economy is unstable, prices of imported goods tend to increase. Inflation, fuel prices, dollar rate, and political situations all affect overall diamond pricing.
Economic issues can cause:
- Sudden increase in prices
- Shortage of imported diamonds
- High taxes or duties
- Unstable pricing market
These factors create daily fluctuations in the 1 Gram Diamond Price in Pakistan.
10. Type of Diamond: Natural vs. Lab-Created
Natural diamonds are rare and expensive. Lab-created diamonds cost less but still look similar. The increasing popularity of lab diamonds also affects market prices.
When more people buy lab-created diamonds, natural diamond sellers may change their pricing strategies. This also causes fluctuations in the market price of 1 gram diamonds.
11. Certification and Grading Cost
Certified diamonds cost more because they go through detailed inspection and testing by professional labs. If certification charges increase, it also affects the final price of the diamond.
Since many buyers prefer certified diamonds, this also plays a role in price variation.
12. Jewellery Making Charges
When diamonds are used in rings, necklaces, or earrings, additional making charges are added. These charges can change depending on:
- Design complexity
- Labour cost
- Market trends
Though this does not affect the raw diamond rate, it impacts the final price customers pay.
Final Thoughts
Diamond prices will never remain stable. They depend on many factors, from international markets to local demand. Understanding these factors helps buyers make smarter decisions and choose the right time to buy.
The 1 Gram Diamond Price in Pakistan keeps changing because of:
- Dollar rate
- International supply and demand
- Quality differences
- Import taxes
- Local market trends
- Labour and polishing costs
- Economic conditions
If you want to buy diamonds, it is always better to check the latest price, compare different vendors, and understand the quality before making a final decision.