kenny|1313447983|2991512 said:Wouldn't a better economy increase demand?
kenny|1313447983|2991512 said:Wouldn't a better economy increase demand?
Wouldn't rising affluence and population in China and India increase demand?
Nobody can foresee the future.nanarama|1313449339|2991533 said:So confusing...to buy now...or to wait... hmm....
Rockdiamond|1313452910|2991555 said:It was a great post John!
Do you think the forecast would be the same if made today?
JoeNewbie11|1313457959|2991603 said:Over the past 16 months, polished prices have increased about 30% according to the PS diamond price chart. Is this trend sustainable? Will buyers continue to pay more and more for the same thing? I highly doubt it, but buyers have to speak with their wallet. I like to draw a parallel to the housing bubbles observed around the world. Experts explained the price increases were due to a new paradigm in housing and demand. In the end the bubbles always burst. My guess is there may be some manipulation of rough supply. I have a hard time believing organic demand world-wide is greater now considering we're still in a global recession masked by artificial stimulus. I won't pay 30% more than 16 months ago, why would people in China, India, or USA?
maplefemme|1313541812|2992283 said:John, I really appreciate your ever insightful posts and so I'm curious about your thoughts on JCK's Rob Bates article on the recent softening of prices, specifically pointing out GIA graded stones....
John Pollard|1313558956|2992425 said:maplefemme|1313541812|2992283 said:John, I really appreciate your ever insightful posts and so I'm curious about your thoughts on JCK's Rob Bates article on the recent softening of prices, specifically pointing out GIA graded stones....
Thanks for the kind feedback.
I suspect - and hope - that Mr. Bates is correct about a softening in the disproportionate pricing of melee goods. I tend to agree with those in the article who expect that in normal sizes we'll see a correction, not steady declines. Looking at pricing history over the last year there have been multiple corrections within the overall trend of increases; see the chart below - keeping in mind that if diamonds were valued in a currency other than the USD the increases would not seem so exaggerated.
centralsquare|1314313506|2999676 said:Let's hope it stays that way!
Laila619|1314332333|2999915 said:centralsquare|1314313506|2999676 said:Let's hope it stays that way!
Here here!
Otherwise, I see a lot of colored stone e-rings in the future.