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IS THIS TRUE???????

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levigarrett

Rough_Rock
Joined
Jan 28, 2006
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I just saw in another post that Mrssalvo said that diamond prices are going up.
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IS THIS TRUE?

IF SO I need help finding as ASSCHER.

LET ME KNOW WHAT YOU GIRLS AND GUYS THINK.
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I WAS GOING TO WAITANOTHER 4 Months but???????????????
 
Diamond prices have been going up for the last year and a half.

A stone I would have looked at least year for $12k is now $16k. It''s hard to stomach the extra 20-30% when you are writing the check.

So yes if you are going to buy, I''d buy sooner rather than later when you can find the stone rather than waiting. You really don''t know where the market is going but if the last year or so is any indication I would not wait.
 
Well, Leonid posted a thread a while ago that (if I remember correctly) actually showed some DECREASE in diamond prices recently. You could probably find it on a search.

But, personally, it has been my observation that by and large, the prices just keep going UPUPUP!!!
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Actually Lynn someone else came in right after Leonid posted that and said that the drop lasted A FEW DAYS or something like that and so it really was not an accurate representation of the market.
 
Thanks for the quick response friends.

I will post next week the asscher I need and Maybe I can get some help..

This is the best board I have ever been on.
I mean that.

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Date: 2/8/2006 9:15:37 PM
Author: Mara
Actually Lynn someone else came in right after Leonid posted that and said that the drop lasted A FEW DAYS or something like that and so it really was not an accurate representation of the market.
Click to expand...

Hey, thanks for setting me straight! I didn''t see that part! I honestly wondered about those stats and real life... because like I said, I am only seeing prices going up, up, up... and FAST!
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Date: 2/8/2006 9:14:35 PM
Author: Lynn B
Well, Leonid posted a thread a while ago that (if I remember correctly) actually showed some DECREASE in diamond prices recently. You could probably find it on a search.

But, personally, it has been my observation that by and large, the prices just keep going UPUPUP!!!
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Click to expand...
Lynn
even if it is true,it would probably take another 12-15 months before we (at the retail level) get a price break.
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Date: 2/8/2006 9:12:14 PM
Author:levigarrett
I just saw in another post that Mrssalvo said that diamond prices are going up.
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IS THIS TRUE?
Click to expand...

aw, you didn''t believe me?
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many folks will be happy to help you find the perfect asscher when you''re ready
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Ugh. We were going to wait until around March 4th to get our Asscher from GOG. I know there probably won''t be a difference in the price from now to then but it still makes me nervous! March is not going to come soon enough!!

levigarrett- I can''t wait to hear about your asscher search!!
 
That pricescope chart is somewhat decieveing... in that it shows the short term trends.

Diamond prices have steadily gone up for something like 60 or 70 years.

Leonid: Is there a good chart that shows the multidecade price of say a 1 carat diamond (or perhaps a 1/2 carat diamond as appropriate).

Perry
 
There have been some slight decreases in prices of stones of less than 1ct. of certain color/clarity, but mostly for stones below 0.5ct.

Larger stones remain strong, especially above 2ct.
 
Date: 2/8/2006 10:18:08 PM
Author: perry
That pricescope chart is somewhat decieveing... in that it shows the short term trends.

Diamond prices have steadily gone up for something like 60 or 70 years.

Leonid: Is there a good chart that shows the multidecade price of say a 1 carat diamond (or perhaps a 1/2 carat diamond as appropriate).

Perry
Click to expand...
I only have data for about 6 years. I''ve seen some historical charts in Rapaport Magazine but not sure we can post it here.

There was also a huge price increase and fall in the 80s''....
 
actually perry i recall when i first came on in 2002 that experts said that diamond prices had been FLAT for ~3 years or so and it was not until the last 1.5 years or so that they started really rising.

so it seems like there are dips and flat areas just like there are climbing areas over time.
 
Date: 2/8/2006 11:21:17 PM
Author: Pricescope

Date: 2/8/2006 10:18:08 PM
Author: perry
That pricescope chart is somewhat decieveing... in that it shows the short term trends.

Diamond prices have steadily gone up for something like 60 or 70 years.

Leonid: Is there a good chart that shows the multidecade price of say a 1 carat diamond (or perhaps a 1/2 carat diamond as appropriate).

Perry
Click to expand...
I only have data for about 6 years. I''ve seen some historical charts in Rapaport Magazine but not sure we can post it here.

There was also a huge price increase and fall in the 80s''....
Click to expand...
diamond price tie to gold price? commodity inflation?
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the price of gold top out at $850 oz. Jan 1980.i think at that time a 1 ct D FL diamond was near $60k?
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gold has been very strong in last 6-8 months,hit a 25 yr high ($575 oz) couple days ago.
 
Thanks all; My observation - a long term chart would provide a real perspective on what has been happening. It might be interesting to also list other things (cost of gold, "inflation", etc).

Perry
 
Thanks alot PS.

I cant wait to search for the Asscher but I have to save for about 2 1/2 more months.

I am an electrician apprentice and like all resources like copper and other medals the price has
raised alot nearly double in 18 months.

Thank you all so much and I thought I have found the perfect asscher but it was already sold.

If anyone runs across an asscher that could be a great deal let me know please,
I have the money now just wanted to save a little more.

ASSCHER Specs that I am looking for:

Carat size: 1.1- 1.25
Depth: 65-70%
Table: 55-64%
Polish: EX /VG
Sym: EX/VG
Girdle: M -TH
Crown: 10-15%
L/W: as close to 1 as possible
Flour: I DONT KNOW

This is my goal and no more than $6200
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Hi Levi,

This asscher is a little smaller than you say you're looking for, but it's right around what you want to spend ($5816). It's an F, VVS1 EX/EX asscher with a nice brillancescope. I don't know how to read asscher idealscopes well, but hopefully strmrdr will chime in. He's the resident asscher expert!

.91, F, VVS1
 
Than ebree I think that is a nice asscher but a little to small. Most asschers show smaller than a PR cut and i need to make up for it.
Still keep me in mind,
I am working with Tim from GOG and still looking
I plan to post a search on ROCKYTALK with some pics within a couple of weeks

GMAN
 
I bought my asscher from GOG and am thrilled with it. Good luck in your search GMAN and also check out www.whiteflash.com as well. Can you tell us what size you are looking for??
 
Date: 2/8/2006 11:21:17 PM
Author: Pricescope
There was also a huge price increase and fall in the 80s''....
Click to expand...

I remember that. The price of silver flatware also skyrocketed. I assume, therefore, that the price of gold was up, too. (Does anyone recall?)

Looking back, it was insane of anyone to buy when the prices were so high. Why buy as prices go up? I''m of the school to buy (anything) when the blood runs in the street!

Also: isn''t there a thread on Pricescope about DeBeers'' profits rising?


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PS-I had only read as far as Leonid or Irina's posting when I posted above. Dancing Fire addressed the same issue I did: whether the 1980s spike in diamond prices wasn't due to the same forces causing a spike in gold and other commodity prices.

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