By Erika W.
Looking for some diamond price relief? JCK’s Rob Bates reports on the possibility of weakening diamond prices. In the last few months, we’ve seen dramatic retail price increases following surges in rough diamond prices. What’s next? Read on at JCK.
After more than a year of sharp increases, the prices of certain diamonds may soon start to weaken, dealers tell JCK.
“The prices of better goods, GIA certified, we are seeing softness in,” says Atit Mehta, vice president of Atit Diamond in New York City. “We are seeing a five percent drop.”
Stay tuned for our next retail diamond price update. Pricescope updates the diamond price chart every month. Our last update reflected price increases of 5 – 9 percent from June through the end of July 2011.
Discuss diamond prices on the Forum.