Diamonds are first choice for millennial - Preyas Panchal quotes in Economic Times

Diamonds have always been popular among individuals, especially couples. It is considered a symbol of love and commitment. Therefore, there is a sentimental value attached to diamonds when it comes to gifting them to mark memorable events like engagements or anniversaries. Though the diamond rings, earrings, and bracelets were already popular, the demand for other diamond jewelry has increased post-pandemic.

The diamonds sale was at an all-time low in recent time as the pandemic hit. Mines were shut, and demands hit the curb with the worldwide economic downfall. As the travel bans were lifted, the demand graph slowly but surely started rising up. People eventually started investing in diamonds.

The millennials and Gen Z are inclined towards the use of diamonds. The charm, glitter, and unique flare of diamonds attracting them. The millennial-driven solitaire demand has increased the prices of diamonds. During the Diwali and Dhanteras festivities, the demand increased two-folds. It seems as the global economy is getting leveled there will be a stark rise in the demand-supply chain.

The popularity of diamond jewelry is backed up by its minimalistic nature.  The young generation is attracted to the diamond jewelry designs and overall impression of the diamonds.

As demand skyrocket, the prices are sure to get increased. The current elevation of the economic state shows the supply and sales will be unaffected.

Considering this trend in the young generation, Mr. Preyas Panchal, co-founder  and managing partner of Zivar.in, said "Natural diamonds have been seen as a representation of love and affection for decades and people purchase them to celebrate their engagements, anniversary, and other emotional aspects of their relationships in all parts of the world.”

He also added, “We do not think that this rise in natural diamond prices will impact demand. The desire to express the most significant and emotional moments in our lives with diamonds is continuously growing among new generations and millennials,”

Check out his column from the latest article here :
https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/diamonds-to-get-dearer-thanks-to-millenials-solitaire-driven-demand/articleshow/80217044.cms

Diamond Market hopes for a considerable rise in the diamond jewelry demands in the upcoming years. We can expect a change in the buying behavior of individuals with current changing trends.

Zivar.in is the globally recognized online portal that deals in authentic diamond jewelry. Their traditional styles with a modern touch make them stand apart. Zivar specializes in Diamond rings, Diamond earrings, bracelets, mangalsutras, and many more. The company's vision is to make diamonds available to the buyers directly hasslefree. With Zivar you can find the latest and in-trend designs that will surely sweep you off your feet.

217/218, Rajhans Ornate, Parle Point, Surat, Gujarat 395007.
Email : care@zivar.in
Contact : +91 898-070-1040

Zivar is a globally recognized online natural diamond jewelry store specialized in diamond earrings, diamond rings, pendants, mangalsutras, bracelets, etc.

This release was published on openPR.