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Price increases, those days are over, atleast for now

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Kingdiamond

Rough_Rock
Joined
Nov 13, 2008
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I even see prices going down. Read todays WSJ that big diamond cutters in India are going out of business, due to absolutely devasting market in United States who are just not buying. Price increases have been arbitrary over last few years, not based on supply and demand, perhaps this will realign things.
 
Having just read the article, these are not the types of diamonds usually purchased by Pricescopers. It sounds like these are small, lower quality melee stones used in mass produced jewelry. Do you thing this will have any impact at all on high quality, ideal cut, larger stones?
 
Date: 11/18/2008 5:15:09 PM
Author: Upgradable
Having just read the article, these are not the types of diamonds usually purchased by Pricescopers. It sounds like these are small, lower quality melee stones used in mass produced jewelry. Do you thing this will have any impact at all on high quality, ideal cut, larger stones?
yes for sure it will.
But no one knows how much.
 
You never know, diamonds, gold & platinum have often reacted in the opposite direction of financial downturns.

In times like this, tangible assets (even luxury tangible assets) have become havens for people to put their money into.

There's a lot worse things you could put your money into in a time like this than diamonds.

Shearson Lehman stock would be one. AIG would be another.

I have no money in the stock market. I much prefer it to be in tangibles. I own a considerable amount of land, real estate and gems. I've never found any of these to fail me.

I guess I'm old fashioned... The stock market seems like Las Vegas to me.
 
Date: 11/18/2008 7:06:02 PM
Author: Richard Sherwood
You never know, diamonds, gold & platinum have often reacted in the opposite direction of financial downturns.

In times like this, tangible assets (even luxury tangible assets) have become havens for people to put their money into.

There''s a lot worse things you could put your money into in a time like this than diamonds.

Shearson Lehman stock would be one. AIG would be another.

I have no money in the stock market. I much prefer it to be in tangibles. I own a considerable amount of land, real estate and gems. I''ve never found any of these to fail me.

I guess I''m old fashioned... The stock market seems like Las Vegas to me.
so are properties...ask those people whom bought a home in the pass three yrs. everything has its risk.
2.gif
 
Date: 11/18/2008 5:16:34 PM
Author: strmrdr

Date: 11/18/2008 5:15:09 PM
Author: Upgradable
Having just read the article, these are not the types of diamonds usually purchased by Pricescopers. It sounds like these are small, lower quality melee stones used in mass produced jewelry. Do you thing this will have any impact at all on high quality, ideal cut, larger stones?
yes for sure it will.
But no one knows how much.
my guess....30-35% on 2+ ct stones within the next 2 yrs. JMO
 
So buy now with a company that has upgrade policy and buy something bigger/better for cheaper later :) Prices may drop, but your dollar will be worth less.....
 
Date: 11/18/2008 9:17:10 PM
Author: Dancing Fire

Date: 11/18/2008 7:06:02 PM
Author: Richard Sherwood
You never know, diamonds, gold & platinum have often reacted in the opposite direction of financial downturns.

In times like this, tangible assets (even luxury tangible assets) have become havens for people to put their money into.

There''s a lot worse things you could put your money into in a time like this than diamonds.

Shearson Lehman stock would be one. AIG would be another.

I have no money in the stock market. I much prefer it to be in tangibles. I own a considerable amount of land, real estate and gems. I''ve never found any of these to fail me.

I guess I''m old fashioned... The stock market seems like Las Vegas to me.
so are properties...ask those people whom bought a home in the pass three yrs. everything has its risk.
2.gif
A small difference...

A person who bought property 20-50 or even 100 years ago is in no risk.

A person who bought stocks (perhaps we should look at GM) 50 years ago....
27.gif
 
my jeweler said that prices and diamonds and gold are going down and will for awhile.
 
Date: 11/18/2008 11:07:33 PM
Author: beach
So buy now with a company that has upgrade policy and buy something bigger/better for cheaper later :) Prices may drop, but your dollar will be worth less.....


I like that idea. If the price ends up dropping significantly, there is always that option.
 
Date: 11/19/2008 12:26:29 AM
Author: DiaGem

Date: 11/18/2008 9:17:10 PM
Author: Dancing Fire


Date: 11/18/2008 7:06:02 PM
Author: Richard Sherwood
You never know, diamonds, gold & platinum have often reacted in the opposite direction of financial downturns.

In times like this, tangible assets (even luxury tangible assets) have become havens for people to put their money into.

There''s a lot worse things you could put your money into in a time like this than diamonds.

Shearson Lehman stock would be one. AIG would be another.

I have no money in the stock market. I much prefer it to be in tangibles. I own a considerable amount of land, real estate and gems. I''ve never found any of these to fail me.

I guess I''m old fashioned... The stock market seems like Las Vegas to me.
so are properties...ask those people whom bought a home in the pass three yrs. everything has its risk.
2.gif
A small difference...

A person who bought property 20-50 or even 100 years ago is in no risk.

A person who bought stocks (perhaps we should look at GM) 50 years ago....
27.gif
you had to pick a loser didn''t ya ?
27.gif
what about the person that bought Berkshire Hathaway stock in the early 60''s ?
25.gif
 
Date: 11/19/2008 1:24:23 AM
Author: Dancing Fire

Date: 11/19/2008 12:26:29 AM
Author: DiaGem


Date: 11/18/2008 9:17:10 PM
Author: Dancing Fire



Date: 11/18/2008 7:06:02 PM
Author: Richard Sherwood
You never know, diamonds, gold & platinum have often reacted in the opposite direction of financial downturns.

In times like this, tangible assets (even luxury tangible assets) have become havens for people to put their money into.

There''s a lot worse things you could put your money into in a time like this than diamonds.

Shearson Lehman stock would be one. AIG would be another.

I have no money in the stock market. I much prefer it to be in tangibles. I own a considerable amount of land, real estate and gems. I''ve never found any of these to fail me.

I guess I''m old fashioned... The stock market seems like Las Vegas to me.
so are properties...ask those people whom bought a home in the pass three yrs. everything has its risk.
2.gif
A small difference...

A person who bought property 20-50 or even 100 years ago is in no risk.

A person who bought stocks (perhaps we should look at GM) 50 years ago....
27.gif
you had to pick a loser didn''t ya ?
27.gif
what about the person that bought Berkshire Hathaway stock in the early 60''s ?
25.gif
Who would have thought that homes bought in the last three years and GM stocks bought 50 years ago would fall in the same bracket
11.gif
???
 
Date: 11/19/2008 7:21:46 AM
Author: DiaGem
Who would have thought that homes bought in the last three years and GM stocks bought 50 years ago would fall in the same bracket
11.gif
???
lol its no surprise and for the same reason to high a price for to little value.
 
Just read this article. It is a pity that the information is not put into perspective.

1. Too bad that the reporter choses to visit the smaller sweatshops as a priority, judging by the picture. Compare that picture to the ones that Garry Holloway regularly posts here from the ultra-modern production-facilities, also in Surat. Could it be that the outdated production facilities are being pushed out by the modernized ones?

2. Judging the state of the industry by the number of people at work in a developing economy is quite tricky. Surat is also India''s capital of textiles, and more importantly of chemical industry. Plus it has experienced a property-boom, of which many farmers previously owning farming land have greatly benefited. Could it be that jobs in other industries in the same city have become more interesting, and cutters shifted to another industry?

3. As for the export-figures, one needs to take into account certain Indian practices to judge this comparison. For years, exporting created a goldmine for the exporters, in the sense that it created valuable and tradeable import-licenses. Some time ago, the Indian government cracked down on a system of exporting, smuggling goods back in and then exporting again, basically a caroussel of exports. Comparing current figures with historical inflated figures does not paint the full picture.

4. Also with regards to the export-figures, Indian local consumption has jumped up in the past years and also local jewellery-production has increased a lot. Even with this Indian jewelry being exported later on, these diamonds will not be part of the diamond-export figure anymore.

5. Trade-activity at the production-level does not accurately reflect retail-activity. A 2% decline in retail-sales could well result in a 20% decline in cutter-sales, as a result of what is called the ripple-effect. In the same way, a small increase in retail-sales generally results in a much higher increase at the production-level.

Now, I understand why IDEX in an article today mentions that they do not regard teh WSJ as a reliable non-sensational source as opposed to the Financial Times.

Live long,
 
Date: 11/19/2008 10:39:10 AM
Author: strmrdr

Date: 11/19/2008 10:02:32 AM
Author: Paul-Antwerp


Now, I understand why IDEX in an article today mentions that they do not regard teh WSJ as a reliable non-sensational source as opposed to the Financial Times.


Live long,
link to article:

http://www.idexonline.com/portal_FullNews.asp?id=31506
Good point Paul, and the IDEX article is very good.
Indeed their entire new pricing approach is very well done, except of course it includes the spread from good to soft certs.

And yes - one would hope that a lot of old poorly run and badly equipped Surat factories would close. The workers should find better pay and conditions in clean and efficient new factories or other work and the owners should sell their land to developers.
 
Date: 11/18/2008 9:34:41 PM
Author: Dancing Fire

Date: 11/18/2008 5:16:34 PM
Author: strmrdr


Date: 11/18/2008 5:15:09 PM
Author: Upgradable
Having just read the article, these are not the types of diamonds usually purchased by Pricescopers. It sounds like these are small, lower quality melee stones used in mass produced jewelry. Do you thing this will have any impact at all on high quality, ideal cut, larger stones?
yes for sure it will.
But no one knows how much.
my guess....30-35% on 2+ ct stones within the next 2 yrs. JMO
DF..., just wondering how you came to this conclusion based on your "opinion" of-course?

I guess I am trying to figure out how or what other examples you compare the future prices of Diamonds to?
 
Date: 11/19/2008 3:31:16 PM
Author: DiaGem

Date: 11/18/2008 9:34:41 PM
Author: Dancing Fire


Date: 11/18/2008 5:16:34 PM
Author: strmrdr



Date: 11/18/2008 5:15:09 PM
Author: Upgradable
Having just read the article, these are not the types of diamonds usually purchased by Pricescopers. It sounds like these are small, lower quality melee stones used in mass produced jewelry. Do you thing this will have any impact at all on high quality, ideal cut, larger stones?
yes for sure it will.
But no one knows how much.
my guess....30-35% on 2+ ct stones within the next 2 yrs. JMO
DF..., just wondering how you came to this conclusion based on your ''opinion'' of-course?

I guess I am trying to figure out how or what other examples you compare the future prices of Diamonds to?
the whole world is in a recession,who''s gonna buy diamonds? nothing goes up forever.take a look at oil,natural gas,etc...they all headed south lately.
 
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