- Joined
- Aug 15, 2000
- Messages
- 18,523
Natural diamond prices will rise. On top of India stopping rough imports, Russia has stopped exporting.
What changed, what happened:
1. jewelers and wholesalers are stocking fewer natural diamonds and more man made dian=monds - even though prices on larger stones will continue to fall by 300-600%.
2. retail jewelers are bypassing wholesalers and using free platforms like Nivoda and VDB to access more than a million natural diamonds. So reducing stock.
And as a response GIA gives a discount to get more business so they still don't pay any tax.
3. big companies like Signet are holding far fewer stones in their B&M stores. thats why they bought JA, and more recently BN.
Meanwhile GIA's immediate response to fewer diamonds being graded is to offer huge discounts:
What changed, what happened:
1. jewelers and wholesalers are stocking fewer natural diamonds and more man made dian=monds - even though prices on larger stones will continue to fall by 300-600%.
2. retail jewelers are bypassing wholesalers and using free platforms like Nivoda and VDB to access more than a million natural diamonds. So reducing stock.
And as a response GIA gives a discount to get more business so they still don't pay any tax.
3. big companies like Signet are holding far fewer stones in their B&M stores. thats why they bought JA, and more recently BN.
Meanwhile GIA's immediate response to fewer diamonds being graded is to offer huge discounts:
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