Blog Natural Diamond Prices - October 2021

[bcmacdonald]

bcmacdonald published a new blog post.

We’ve seen the diamond industry recover over the past couple of months from the COVID-19 global pandemic, however, September left us on edge as we saw the average price of diamonds take a slight dip. Many were left concerned about what this meant for the rest of 2021. Eager to find out what the current state of...

Continue reading the Original Blog Post.

 

[Garry H (Cut Nut)]

Covid fear caused prices to drop initially.
Then factory closures drove shortages while people spent more on luxe and none on travel.
Now factories are working again and even though miners are raising rough prices goods are feeding back into the pipeline.
Cutters are getting squeezed again - as is normal!

 

[Karl_K]

As predicted the average price of diamonds increased this month, giving us hope that we’ll see a positive spike as we conclude 2021
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Why would a consumer want to see prices rise??? Drops are good for consumers.

 

[clcat120]

Covid fear caused prices to drop initially.
Then factory closures drove shortages while people spent more on luxe and none on travel.
Now factories are working again and even though miners are raising rough prices goods are feeding back into the pipeline.
Cutters are getting squeezed again - as is normal!

Can average consumer buy directly from a cutter? Thx

 

[Garry H (Cut Nut)]

Can average consumer buy directly from a cutter? Thx

Not usually. They are not set up for single sales and when a maunfactures nephew sets up a B2C site for their old uncles the uncles are usually considered unbelievably rude by consumers

Some consumers own a lot of diamonds and like the idea their collection is going up in value.