price fluctuation?

[elmo65]

Y''all are scaring me with the thread on price increases!!! My friend bought her 3 carat RB last year and this is my year to purchase a new diamond (can''t afford the 3, but working on a 2 carat) Am I going to have to pay alot higher proportionally for my 2 than she paid for her 3? She paid less than what the Rap reported this year for her 3. I don''t know if it was because of the vendor or prices in general? It is a certified H&A triple ideal, so there was no hiding any imperfections...

If prices are higher, how long can they stay that way? What ever makes them come lower again? I am getting scared!

 

[DiamondExpert]

"Fluctuation" may be misleading...prices are going only one direction for the forseeable future - UP!

...especially goods larger than 1.5ct., which are becoming ever more scarce...

De Beers prices of rough are expected to go up again at the next site, and manufacturers are holding back on releasing material in anticipation, and many manufacturers are being put to the test.

Sorry to rain on your parade...but it's the unfortunate truth...

 

[Antwerpman]

It has been confirmed that DeBeers are rising their prices by 5% in the August site (as expected). Over the course of the year the other producers have raised their prices by more than DeBeers (so you cant put all the blame on them), and it is still generally held that the DeBeers rough is the best priced (this can obviously vary on individual articles)

Add to this that the Arglye mine in Australia is down some 66% comparing the first half of this year with the second half of last year (80 million stones compared to 225 million), the Debeers Botswana production struggling to meet targets, supplier of choice limiting supplies on the secondary markets...and you have all of the indicators that prices will continue to rise.

In fact it was always estimated that demand would begin to outstrip supply in 2007, but with the current mining problems and the increased demand this seems to be happening sooner than expected!!

 

[fire&ice]

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On 8/11/2004 6:23:54 PM elmo65 wrote:

Y'all are scaring me with the thread on price increases!!!

Don't freak out! Prices are higher. But, not double or anything close. You may have to pay 10-15% (give or take) more over last year's price for the same diamond.

See one you like and bite the bullet.

 

[Rank Amateur]

The prices are the same as two years ago so maybe we are set for prices to decline soon. Who knows?

 

[niceice]

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On 8/12/2004 11:37:25 AM Rank Amateur wrote:

The prices are the same as two years ago so maybe we are set for prices to decline soon. Who knows?----------------

Where have YOU been?!?! There has been a 21% increase in the price of diamond rough since the 3rd quarter of last year - 13% of that since January of this year as reported in Rapaport Diamond News and IDEX and as reflected in the sight sale prices of diamond parcels... Rapaport is showing slower increases than those announced by DeBeers but that doesn't mean that prices have not changed, it just means that dealers are resisting the price change in an attempt not to shock consumers but the reality is that the discounts that we benefit from as volume dealers has been decreasing.

 

[elmo65]

That's what I was afraid of!!!!!!

Woe is me, I can't believe my impeccable timing........

 

[fire&ice]

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On 8/12/2004 11:37:25 AM Rank Amateur wrote:

The prices are the same as two years ago so maybe we are set for prices to decline soon. Who knows?----------------

Actually, that really isn't true, at least with my stone. It was true a few months ago. But, I really do see an increase, especially in the larger sizes. Not a chicken little price hike - but with my stone approximately an increase of about 10-15%. And, I don't think it's because dealers are raising their prices. In fact, I think just the opposite. Price wars were going on in the last couple of years up till this point. That may have kept prices static.

And, I do believe that Debeers is playing a little catch up. Maybe demand is up - possiblity in other countries.

 

[bar01]

Holly Sh#t !!! This is insane! The world is ending! The sky is blood red ! Frogs are raining down! Woman are wailing! Men are nashing their teeth! Buy now! Buy everything! Buy them all! Sell everything you have! Sell your house! Sell your baby!

I am going to buy all the good ones and there won’t be any left for any of you other suckers! I am going to bury them under an old stump in the backyard and sit on my patio with a shotgun !

Wooo hahahah! Snort! Sniff! WHEW!

Sorry - I could not resist that little “Lewis Black” moment. See www.lewisblack.net

Seriously, listen to what Robin and Todd are saying in the other posts “IF” you have decided you are going to buy a diamond and have your criteria chosen – then now is a good time to buy. But – don’t panic. Yes diamond prices are going up some, but chances are they are always going to go up over time. If you buy a good quality diamond later this year – then they will probably be worth more next year - and the next.

 

[strmrdr]

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On 8/12/2004 3:13:31 PM bar01 wrote:

If you buy a good quality diamond later this year – then they will probably be worth more next year - and the next.
----------------

naw it will be worth the same about as much as a plugged nickel.
If it doent keep the rain off, transport you or is edible, or bring down edible stuffs its not worth anything in real terms.
Diamonds are just overpriced rocks that look kewl that Debeers have convinced women they have to have

I just bought a couple cuz they look kewl and I could but id never drop some serious money on em unless I had a ton of money to throw away and that is what it is throwing money away.

The arent a nessesity or a requirement or even a need they are a want :}

 

[fire&ice]

"Necessity" is in the eye of the beholder.

And, I can go without clothing.

 

[Rank Amateur]

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On 8/12/2004 1:59:52 PM niceice wrote:

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On 8/12/2004 11:37:25 AM Rank Amateur wrote:

The prices are the same as two years ago so maybe we are set for prices to decline soon. Who knows?----------------

Where have YOU been?!?! ----------------

Ease up there!

I said TWO years ago, but more correctly I should have said from Jan02. From www.polishedprices.com:

 

[aljdewey]

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And, I can go without clothing. ----------------

WOW - even in February in Virginia? That would be a sight to see! hehehehe

 

[fire&ice]

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On 8/12/2004 5:02:50 PM aljdewey wrote:

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And, I can go without clothing. ----------------

WOW - even in February in Virginia? That would be a sight to see! hehehehe----------------

I have my diamond. I hold it up to the skylight. It reflects the sun into the room.

 

[hoorray]

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On 8/12/2004 3:13:31 PM bar01 wrote: <hr size="1" width="100%"
Seriously, listen to what Robin and Todd are saying in the other posts “IF” you have decided you are going to buy a diamond and have your criteria chosen – then now is a good time to buy. But – don’t panic. Yes diamond prices are going up some, but chances are they are always going to go up over time. If you buy a good quality diamond later this year – then they will probably be worth more next year - and the next.
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It doesn't matter that my diamond is worth 18 - 22% more than when we bought it 15 months ago because a.) I'm not going to sell it and b.) as consumers, we wouldn't get what we paid for it.

What is relevant is trying to minimize what you are paying since that is your sunk cost. Thus, if I were going to buy in the next 6 - 12 months, I'd start looking now and buy as soon as I found the right stone. I wouldn't panic, but I don't think you can look back ans say "if only". Prices seem to be up for now, and going higher. Who knows where they will be 10 years from now. but 12 months from now it is pretty clear that they will be still higher.

My 2cents.....

 

[bar01]

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It doesn't matter that my diamond is worth 18 - 22% more than when we bought it 15 months ago because a.) I'm not going to sell it and b.) as consumers, we wouldn't get what we paid for it.


What is relevant is trying to minimize what you are paying since that is your sunk cost. Thus, if I were going to buy in the next 6 - 12 months, I'd start looking now and buy as soon as I found the right stone.




----------------[/quote]

I am no diamond expert - I don't pretend to know the market details (past or future) all I can say is I have an uneasy feeling about people feeling pressured to buy "right now" under any circumstances.

Certainly many people veiw their diamond purchase as a "non-investment" for a life time. Especially when its an E-Ring or Wedding ring. Diamonds and Fine Gems invoke love, emotion, art and beauty and are hard to think about in terms of "return on investment".

With a great diamond or fine gem I do care if it appreciates or depreciates - even if I have no intention of selling it. You never know what life has in store for you - you could be selling that e-ring when the next husband comes along - or when the some terrible financial crisis hits like major medical bills from a prolonged Illiness.

Also I am not sure that "we would never get what we paid for it" is completely true. You get very good prices and very quality here through PS vendors rather than a local B&M store. A few PS vendors offer life time trade up policy (so you would get back what you paid for it). And besides - with diamond prices going up - I think it is very likely that after many years you would stand a good chance of getting more than you originally paid for it on the open market - but I could be wrong.

Lastly I was trying to make lite of the price increase "panic" - "prices are going through the roof!" "Buy now! "Buy anything !" Or you will be sorry !".

If someone has already decided for sure that they want "a 1ct VS2 G ideal H&A cut" and have the cash ready - then yes - you should buy now and save money.