Diamond price increases
Though it seems that there has been a deluge of diamond price increases lately these have been in the making for quite a while. I’ve commented on how many cutters and brokers have gone out of business as the cost of the rough diamond material has gone up and the quality of the rough has gone down. Large companies could sell off old material from their vaults and hold their prices while small companies had to buy at the higher prices and try to remain competitive.
Today after years of artificially held polished diamond prices we’re seeing one increase on top of another. The just announced increase in rough diamond prices will not be held back this time as demand is very strong. Diamonds did well at the HongKong jewelry show fueling even more speculation on further increases.
Looking at it from here it looks like we are more in the middle of a series of price jumps rather than at the end of them. It’s a guess only but I thought I’d let you know.
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This entry was posted on May 20, 2011 at 6:28 pm and is filed under buying diamonds, Diamonds, Eugene diamond, Eugene Jewelers, Gemstone and diamond buying, Jewelry industry, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.
