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 » RockyTalky
»  » Prices of Diamonds towards the end of 2009
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Prices of Diamonds towards the end of 2009 |
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| P: 9/28/2009 1:30:38 AM | |
haagen_dazs Ideal Rock Total Posts: 508 Last Post: 11/22/2009 Member Since: 9/2/2009 |
for those who have monitored prices over time, please kindly give me your honest opinions. do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)?
Sincerely, Mark. (Boston, USA) **** New to the community. If I am asking a silly or repeated question, please have patience with me. Thank you all in advance! =). |
| Posted: 9/28/2009 1:30:38 AM | |
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There are 17 replies to this message. There are 17 replies on this page. |
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| P: 9/28/2009 1:41:14 AM | |
strmrdr Ideal Rock Total Posts: 23,296 Last Post: 10/9/2009 Member Since: 11/1/2003 |
Hard to say, the trend has been up slightly. http://www.pricescope.com/diamond-pricing-history-chart.asp 
........... Karl has joined the diamond trade and is now posting as Karl_K |
| Posted: 9/28/2009 1:41:14 AM | |
| P: 9/28/2009 1:43:54 AM | |
DiaGem Ideal Rock Total Posts: 3,927 Last Post: 11/21/2009 Member Since: 10/21/2004 |
Date: 9/28/2009 1:30:38 AM As long as this keeps going on:Author:haagen_dazs for those who have monitored prices over time, please kindly give me your honest opinions. do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)? http://www.pricescope.com/idealbb/view.asp?topicID=117671 We all loose!  Unfortunately I see prices going up in the near future! ********************** |
| Posted: 9/28/2009 1:43:54 AM | |
| P: 9/28/2009 1:57:19 AM | |
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haagen_dazs Ideal Rock Total Posts: 508 Last Post: 11/22/2009 Member Since: 9/2/2009 |
Date: 9/28/2009 1:41:14 AM Author: strmrdr Hard to say, the trend has been up slightly. argh i wonder if it goes up more during the thanksgiving and christmas period... the economy is also recovering.. Sincerely, Mark. (Boston, USA) |
| Posted: 9/28/2009 1:57:19 AM | |
| P: 9/28/2009 2:49:46 AM | |
PS Admin Administrator Total Posts: 227 Last Post: 11/22/2009 Member Since: 4/19/2008 |
Date: 9/28/2009 1:43:54 AM Author: DiaGem Date: 9/28/2009 1:30:38 AM As long as this keeps going on:Author:haagen_dazs for those who have monitored prices over time, please kindly give me your honest opinions. do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)? http://www.pricescope.com/idealbb/view.asp?topicID=117671 We all loose! Unfortunately I see prices going up in the near future!
http://www.polishedprices.com/Content/ContentChart.aspx?s=1
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| Posted: 9/28/2009 2:49:46 AM | |
| P: 9/28/2009 5:54:02 AM | |
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DiaGem Ideal Rock Total Posts: 3,927 Last Post: 11/21/2009 Member Since: 10/21/2004 |
Date: 9/28/2009 2:49:46 AM Author: PS Admin Date: 9/28/2009 1:43:54 AM Author: DiaGem Date: 9/28/2009 1:30:38 AM As long as this keeps going on:Author:haagen_dazs for those who have monitored prices over time, please kindly give me your honest opinions. do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)? http://www.pricescope.com/idealbb/view.asp?topicID=117671 We all loose! Unfortunately I see prices going up in the near future!
http://www.polishedprices.com/Content/ContentChart.aspx?s=1 True but..., only one difference... ********************** |
| Posted: 9/28/2009 5:54:02 AM | |
| P: 9/28/2009 9:27:01 AM | |
Bosie Rough Rock Total Posts: 84 Last Post: 11/13/2009 Member Since: 8/21/2006 |
The answer is probably yes, and not due to Supply and Demand Earlier this year, DeBeers shut down all their mines in Africa, to control the supply, they had a glut of stones. The market is manipulated by the big players, like DeBeers. |
| Posted: 9/28/2009 9:27:01 AM | |
| P: 9/28/2009 10:50:09 AM | |
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DiaGem Ideal Rock Total Posts: 3,927 Last Post: 11/21/2009 Member Since: 10/21/2004 |
Date: 9/28/2009 9:27:01 AM De Beers have no ability and cannot afford to manipulate the market anymore..., thats old hype IMO..., I believe they have been marketing whatever comes out of the ground in the last few years.Author: Bosie The answer is probably yes, and not due to Supply and Demand Earlier this year, DeBeers shut down all their mines in Africa, to control the supply, they had a glut of stones. The market is manipulated by the big players, like DeBeers. What I believe is happening is due to the economic turmoil and the massive currency printing that went on and probably is still going on the value of world currencies is in question..., so we are witnessing a movement from currencies to hard assets (or assets in general)... ...combined with the news (thats somehow keeps trickling  ) that no new significant natural Diamond mines were/are being discovered will naturally put a pressure on future supply possibilities.Now the real question remains..., is the news that is trickling true..., could very well be as we do witness most "big player" Diamond producers going underground to find the material... (Canada, Australia Russia etc...) ********************** |
| Posted: 9/28/2009 10:50:09 AM | |
| P: 9/28/2009 12:55:04 PM | |
Todd Gray Ideal Rock Total Posts: 591 Last Post: 11/20/2009 Member Since: 1/20/2009 |
I know that the price of diamond rough has increased over the past few months and those increases are beginning to trickle into the market at the public level of the game, however many of the cutters are adjusting their profits downward in order to not pass on the full brunt of the increase to the public - this has been a trend amongst the cutters over the past few years and as a result, the cutters are making far less profit than they used to... There has also been a reduction in the amount of profit charged by most of the dealers for the same reason, while this may be beneficial for the public in the short term because it gives the illusion that diamond prices are remaining steady, at some point there might be what appears to be a sudden surge upwards in price as dealers and cutters arrive at the conclusion that they can not remain in business without reasonable profits. Hmmm, I might have seen this cycle a time or two in the past 
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| Posted: 9/28/2009 12:55:04 PM | |
| P: 9/28/2009 2:40:22 PM | |
JoeNewbie11 Cut Rock Total Posts: 246 Last Post: 11/21/2009 Member Since: 3/27/2008 |
Govts are printing money to backstop the insolvent banks of the world; however, those banks are not lending to the consumer. Credit contraction is now occuring after the massive global credit bubble of the last couple decades has finally burst. Even consumers including myself with impeccable credit are having their credit limits reduced. This is reducing demand for all commodities, even diamonds. We see deflation being played out on the news everyday, with massive layoffs, unions fighting pay and benefit reductions in the contract negotiations, and even grocery store wars with price reductions. Various groups may be able to manipulate prices for the short term and create small bubbles, just as the US Banking Industry is now manipulating housing supply by holding onto millions of homes in the pre-foreclosure/foreclosure pipeline. Medium to long-term, these bubbes burst and prices will revert back to supply/demand trends. With high levels of unemployment and credit contraction, the purchasing power of the consumer is weakened now. My 2 cents says prices will go lower. Take a look at the graph in this thread, on average prices are unchanged since 12/07. Think back to the economic prosperity of 2007 compared to now, do consumers have the purchasing power they had then? I'm just a consumer. I think you'll be hard pressed to find a tradesperson on this forum say prices will be lower in the future. If that sentiment grew, consumers would stop buying and they would go out of business. - Joe in Caifornia |
| Posted: 9/28/2009 2:40:22 PM | |
| P: 9/28/2009 4:44:33 PM | |
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DiaGem Ideal Rock Total Posts: 3,927 Last Post: 11/21/2009 Member Since: 10/21/2004 |
Date: 9/28/2009 2:40:22 PM I am actually one who hope prices would stay on the realistic side of things..., but as we are all witnessing the craze as stock's & commodities values etc... are flying as though nothing happened in the world..., Author: JoeNewbie11 Govts are printing money to backstop the insolvent banks of the world; however, those banks are not lending to the consumer. Credit contraction is now occuring after the massive global credit bubble of the last couple decades has finally burst. Even consumers including myself with impeccable credit are having their credit limits reduced. This is reducing demand for all commodities, even diamonds. We see deflation being played out on the news everyday, with massive layoffs, unions fighting pay and benefit reductions in the contract negotiations, and even grocery store wars with price reductions. Various groups may be able to manipulate prices for the short term and create small bubbles, just as the US Banking Industry is now manipulating housing supply by holding onto millions of homes in the pre-foreclosure/foreclosure pipeline. Medium to long-term, these bubbes burst and prices will revert back to supply/demand trends. With high levels of unemployment and credit contraction, the purchasing power of the consumer is weakened now. My 2 cents says prices will go lower. Take a look at the graph in this thread, on average prices are unchanged since 12/07. Think back to the economic prosperity of 2007 compared to now, do consumers have the purchasing power they had then? I'm just a consumer. I think you'll be hard pressed to find a tradesperson on this forum say prices will be lower in the future. If that sentiment grew, consumers would stop buying and they would go out of business. Maybe round II will change this craze... ********************** |
| Posted: 9/28/2009 4:44:33 PM | |
| P: 9/28/2009 8:09:17 PM | |
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Bosie Rough Rock Total Posts: 84 Last Post: 11/13/2009 Member Since: 8/21/2006 |
It has been reported in mutiple sources that DeBeers did close their mines down earlier in the year due to a "glut" of rough in their inventory, at present demand they said they had enough for years to come. Also reported that over 800,000 jobs in India alone have been lost in this industry. If they are selling "all they can manufacture", then why close the mine down? This question has been debated on the site for a while, we really do not know the forces that will occur in a few months that will cause prices of diamonds to go up or down. But I guess it is fun to speculate. One other comment, if you look at the price chart post earlier in this post, it appears that smaller size diamond price are stabilizing but 1-2 carat range have fallen about 20% since 3/08. I guess if you have the coin, not a bad time to go for a 1-2 carat stone. |
| Posted: 9/28/2009 8:09:17 PM | |
| P: 10/2/2009 7:30:04 AM | |
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PS Admin Administrator Total Posts: 227 Last Post: 11/22/2009 Member Since: 4/19/2008 |
Pricescope diamond prices chart has been updated today. http://www.pricescope.com/diamond-pricing-history-chart.asp The chart seems to show that for most ranges the prices are still slowly on the up trend.
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| Posted: 10/2/2009 7:30:04 AM | |
| P: 10/2/2009 8:39:04 AM | |
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HVVS Cut Rock Total Posts: 175 Last Post: 11/22/2009 Member Since: 9/30/2009 |
I'm not sure about price trends, but I've gotten my best diamond buys in the Sept / Oct time frame. My unscientific and statistically untested opinion is that "now" is an off-peak buying time before a seasonal uptick in jewelry purchases, and many vendors have nice diamonds in stock, the selection isn't picked over yet, and there are some nice values for the money at this time of the year. From Thanksgiving until after Valentine's day, I've seen less to choose from, either new or used/estate items. If you need it for Christmas, be seriously hunting now is my advice. Also, there are loads of diamonds in the 6.5mm to 7.2mm diameter range and an apparent shortage of 1.4ct to 1.5ct stones. Locally, the jewelers and pawn shops are telling me that they have lots of 1cts but everyone is looking for 1.5ct this year. They say any budget-friendly diamond in 1.5ct range flies out the door as soon as the store gets it.
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| Posted: 10/2/2009 8:39:04 AM | |
| P: 10/2/2009 9:11:25 AM | |
Sizzle Ideal Rock Total Posts: 551 Last Post: 11/20/2009 Member Since: 7/4/2007 |
I think you just need to buy to what you can afford whenever you're ready to buy. There doesn't seem to be a real pattern of increase, decrease, and if there is the economy is fluctuating to a point where I doubt any past gage is realiable.
***************************** |
| Posted: 10/2/2009 9:11:25 AM | |
| P: 10/2/2009 4:37:15 PM | |
Garry H (Cut Nut) Ideal Rock Total Posts: 11,579 Last Post: 11/23/2009 Member Since: 8/16/2000 |
I think the strength and weakness of the US$ is a bigger variability right now - it could go either way
Garry Holloway FGAA DipDT |
| Posted: 10/2/2009 4:37:15 PM | |
| P: 10/5/2009 8:21:31 AM | |
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PS Admin Administrator Total Posts: 227 Last Post: 11/22/2009 Member Since: 4/19/2008 |
Here is another article you might want to check out. http://www.diamonds.net/news/NewsItem.aspx?ArticleID=28133 It includes some trend charts from Rapaport.
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| Posted: 10/5/2009 8:21:31 AM | |
| P: 10/13/2009 2:38:35 PM | |
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PS Admin Administrator Total Posts: 227 Last Post: 11/22/2009 Member Since: 4/19/2008 |
More interesting info http://www.israelidiamond.co.il/english/News.aspx?boneId=918&objid=5961
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| Posted: 10/13/2009 2:38:35 PM | |
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