Diamond Price Increase in August

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Update on the diamond price increase in August ''04.

 

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1.0-1.49ct, G color, VVS2-SI2 clarity

 

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same for H color

 

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2.0-2.99ct, F

 

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2.0-2.99ct, G

 

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2.0-2.99ct, H

 

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1-3ct, F-H, VVS2-SI1

 

[Garry H (Cut Nut)]

I am sceptical of the nature of these recent price rises.

I do not believe it is from consumer demand.
I smell a rat.

I suspect that larger high clarity goods are living in dark places (like safes) and will come out to play soon and those who own them will hope to make a killing. Some will, but those who hang out too long might get caught red handed.

Meanwhile SI1 and VS2 are a relative bargain, and I believe they will outperform in the long run because they make sustainable sense.

Lab SI2 has dropped so much that they desrve to be a little cheaper - there is more SI2 than ever before.

 

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Interesting Garry!