What were the diamond prices in the 1880?

In the 1880s, diamond prices were significantly influenced by the establishment of monopolies, particularly by the De Beers company, which controlled much of the diamond supply. Prices varied widely depending on quality, size, and market demand, but generally, diamonds were considered a luxury item, accessible primarily to the wealthy. The introduction of marketing campaigns also began to shape consumer perceptions and drive demand, leading to increased prices for high-quality stones. Overall, while exact prices fluctuated, diamonds were becoming more prominent in Western society as symbols of wealth and status.