- Joined
- Aug 15, 2000
- Messages
- 18,461
It has a new meaning - Very Very Slow - that is the current state of the global diamond market. If anyone is considering buying a diamomd then now seems like a pretty good time. There is more than $8.5 Billion dollars worth listed on RapNet - the biggest B2B site - and that is after all the EGL stones have been removed (many were stones with dual listings, like GIA I SI2 and EGL G VS2) - so its up a lot!
The miners have been jacking up prices, the Indian Govt and banks are cracking down on manufacturers who round robin stones to get more low interest export incentive loans (to buy property). De Beers have announced they will let clients leave 75% of goods on the table - never ever heard that before! So that could help clear the backlog and raise prices.
Andrey has had a lot on his plate and has not updated this chart for a couple of months - but expect to see things continue on the downward spiral!
https://www.pricescope.com/diamond-prices/diamond-prices-chart
The miners have been jacking up prices, the Indian Govt and banks are cracking down on manufacturers who round robin stones to get more low interest export incentive loans (to buy property). De Beers have announced they will let clients leave 75% of goods on the table - never ever heard that before! So that could help clear the backlog and raise prices.
Andrey has had a lot on his plate and has not updated this chart for a couple of months - but expect to see things continue on the downward spiral!
https://www.pricescope.com/diamond-prices/diamond-prices-chart