Person24
Shiny_Rock
- Joined
- Apr 9, 2008
- Messages
- 209
jaebond|1309739566|2961312 said:I am by no means an expert and have no idea if this is true, but I would venture a guess that the diamonds that are being sold are not up to the standards of most of the people here...
Person24|1309742356|2961332 said:I just thought it sounded strange because I was at a jewelry store the other day and the owner said they have stopped purchasing diamonds from people that come in because they have so many. But I live in an area that was hit hard by the economic decline.
Person24|1309748372|2961374 said:Lula it is a Diamond conspiracy!!!
TristanC|1309746290|2961360 said:jaebond|1309739566|2961312 said:I am by no means an expert and have no idea if this is true, but I would venture a guess that the diamonds that are being sold are not up to the standards of most of the people here...
I am also not an expert in this, but for some east asian markets, what you have said is actually not true. In the jewellers here, it is actually common to find diamonds on shelf that range from D to H colours. I and below are actually rarer. than the near colourless and collector colours.
I think that locally people here prefer not to have diamonds of an extreme size - preferring quality for the middle to lower income classes. We have mass market chains selling Canadian diamonds as well, and also chains selling a large number of GIA certed stones. GIA certification is the prevalent certification locally, which from forum comments I understand is different than in the US B&M stores.
I would imagine that Hong Kong is very much like Singapore too. I don't quite know about china yet, but Japan, HK, Singapore would consume the better quality gems rather than the lower quality ones. China and India, as they mature into diamond demand markets, might be different. I would venture that they would prefer higher quality though - if you look at luxury wine consumption and liquours. All the good stuff is going there too.
This is chiefly speculation though for the two large markets (india/china). Singapore and HK are quality markets however.