Does the continued weakness of the dollar have anything to do with rapidly increasing price of diamonds?
Debeers etc report profits outside of the US, so it would make sense for them to increase $ prices to continue to maintain profits in their home currency (as long as the demand is still there at the higher price points).
If this is the case then it''s the US consumer that suffers. People outside ofthe US, say Europe, are compensated for the higher $ diamond prices by the weakness of the $ against their home currency (Euro / £ etc).
Or am I talking nonsense ?
Debeers etc report profits outside of the US, so it would make sense for them to increase $ prices to continue to maintain profits in their home currency (as long as the demand is still there at the higher price points).
If this is the case then it''s the US consumer that suffers. People outside ofthe US, say Europe, are compensated for the higher $ diamond prices by the weakness of the $ against their home currency (Euro / £ etc).
Or am I talking nonsense ?