Solitaire sales may sparkle this festive season on lower prices

Indians are indulging in diamond purchases thanks to a drop in solitaire prices since last Diwali. This price decline has raised expectations for strong solitaire sales during the upcoming festive season, according to jewellers. The cost of the most popular 1-carat solitaire diamonds has decreased from Rs 4.2 lakh last Diwali to Rs 3.4 - 3.5 lakh currently. This reduction has made these gemstones more accessible for consumers, especially for wedding rings.