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Prices of Diamonds towards the end of 2009

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haagen_dazs

haagen_dazs

Brilliant_Rock
Joined
Sep 2, 2009
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781
for those who have monitored prices over time,
please kindly give me your honest opinions.

do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)?
 
Hard to say, the trend has been up slightly.
http://www.pricescope.com/diamond-pricing-history-chart.asp

average_price%20change_per_of_carat_over_time.jpg
 
Date: 9/28/2009 1:30:38 AM
Author:haagen_dazs
for those who have monitored prices over time,
please kindly give me your honest opinions.

do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)?
Click to expand...
As long as this keeps going on:

https://www.pricescope.com/community/threads/are-indian-ice-cutters-creating-a-price-bubble-again.117671/

We all loose!
7.gif


Unfortunately I see prices going up in the near future!
 
Date: 9/28/2009 1:41:14 AM
Author: strmrdr
Hard to say, the trend has been up slightly.
Click to expand...

argh
i wonder if it goes up more during the thanksgiving and christmas period...
the economy is also recovering..
 
Date: 9/28/2009 1:43:54 AM
Author: DiaGem

Date: 9/28/2009 1:30:38 AM
Author:haagen_dazs
for those who have monitored prices over time,
please kindly give me your honest opinions.

do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)?
Click to expand...
As long as this keeps going on:

https://www.pricescope.com/community/threads/are-indian-ice-cutters-creating-a-price-bubble-again.117671/

We all loose!
7.gif


Unfortunately I see prices going up in the near future!
Click to expand...


Not only is India seeming to ramp up, but also China.

http://www.idexonline.com/portal_FullNews.asp?id=32989

Here are some additional charts that seem to show a slight increase.
http://www.polishedprices.com/Content/ContentChart.aspx?s=1

http://www.idexonline.com/Diamond_Index_Drivers.asp

 
Date: 9/28/2009 2:49:46 AM
Author: PS Admin

Date: 9/28/2009 1:43:54 AM
Author: DiaGem


Date: 9/28/2009 1:30:38 AM
Author:haagen_dazs
for those who have monitored prices over time,
please kindly give me your honest opinions.

do you think that the price of RB diamonds 1-1.5ct will increase in prices as we approach the holiday seasons and into the end of this year (2009)?
Click to expand...
As long as this keeps going on:

https://www.pricescope.com/community/threads/are-indian-ice-cutters-creating-a-price-bubble-again.117671/

We all loose!
7.gif


Unfortunately I see prices going up in the near future!
Click to expand...



Not only is India seeming to ramp up, but also China.

http://www.idexonline.com/portal_FullNews.asp?id=32989


Here are some additional charts that seem to show a slight increase.

http://www.polishedprices.com/Content/ContentChart.aspx?s=1

http://www.idexonline.com/Diamond_Index_Drivers.asp

Click to expand...
True but..., only one difference...
China = genuine future potential growth
India = present banking financial system manipulation..., on Diamonds that are aimed to be marketed even in the Western World (eg..., EU & USA etc...)

http://www.idexonline.com/portal_FullEditorial.asp

"...Despite all the excitement about India, China, Turkey, etc., half of the worldwide diamond jewelry retail sales are still solidly finalized in the United States, which remains the key driver to diamond demand."






 
The answer is probably yes, and not due to Supply and Demand
Earlier this year, DeBeers shut down all their mines in Africa, to control the supply, they had a glut of stones.
The market is manipulated by the big players, like DeBeers.
 
Date: 9/28/2009 9:27:01 AM
Author: Bosie
The answer is probably yes, and not due to Supply and Demand
Earlier this year, DeBeers shut down all their mines in Africa, to control the supply, they had a glut of stones.
The market is manipulated by the big players, like DeBeers.
Click to expand...
De Beers have no ability and cannot afford to manipulate the market anymore..., thats old hype IMO..., I believe they have been marketing whatever comes out of the ground in the last few years.

What I believe is happening is due to the economic turmoil and the massive currency printing that went on and probably is still going on the value of world currencies is in question..., so we are witnessing a movement from currencies to hard assets (or assets in general)...

...combined with the news (thats somehow keeps trickling
27.gif
) that no new significant natural Diamond mines were/are being discovered will naturally put a pressure on future supply possibilities.

Now the real question remains..., is the news that is trickling true..., could very well be as we do witness most "big player" Diamond producers going underground to find the material... (Canada, Australia Russia etc...)
 
I know that the price of diamond rough has increased over the past few months and those increases are beginning to trickle into the market at the public level of the game, however many of the cutters are adjusting their profits downward in order to not pass on the full brunt of the increase to the public - this has been a trend amongst the cutters over the past few years and as a result, the cutters are making far less profit than they used to... There has also been a reduction in the amount of profit charged by most of the dealers for the same reason, while this may be beneficial for the public in the short term because it gives the illusion that diamond prices are remaining steady, at some point there might be what appears to be a sudden surge upwards in price as dealers and cutters arrive at the conclusion that they can not remain in business without reasonable profits. Hmmm, I might have seen this cycle a time or two in the past
2.gif
 
Govts are printing money to backstop the insolvent banks of the world; however, those banks are not lending to the consumer. Credit contraction is now occuring after the massive global credit bubble of the last couple decades has finally burst. Even consumers including myself with impeccable credit are having their credit limits reduced. This is reducing demand for all commodities, even diamonds. We see deflation being played out on the news everyday, with massive layoffs, unions fighting pay and benefit reductions in the contract negotiations, and even grocery store wars with price reductions.

Various groups may be able to manipulate prices for the short term and create small bubbles, just as the US Banking Industry is now manipulating housing supply by holding onto millions of homes in the pre-foreclosure/foreclosure pipeline. Medium to long-term, these bubbes burst and prices will revert back to supply/demand trends. With high levels of unemployment and credit contraction, the purchasing power of the consumer is weakened now. My 2 cents says prices will go lower.

Take a look at the graph in this thread, on average prices are unchanged since 12/07. Think back to the economic prosperity of 2007 compared to now, do consumers have the purchasing power they had then?

I''m just a consumer. I think you''ll be hard pressed to find a tradesperson on this forum say prices will be lower in the future. If that sentiment grew, consumers would stop buying and they would go out of business.
 
Date: 9/28/2009 2:40:22 PM
Author: JoeNewbie11
Govts are printing money to backstop the insolvent banks of the world; however, those banks are not lending to the consumer. Credit contraction is now occuring after the massive global credit bubble of the last couple decades has finally burst. Even consumers including myself with impeccable credit are having their credit limits reduced. This is reducing demand for all commodities, even diamonds. We see deflation being played out on the news everyday, with massive layoffs, unions fighting pay and benefit reductions in the contract negotiations, and even grocery store wars with price reductions.

Various groups may be able to manipulate prices for the short term and create small bubbles, just as the US Banking Industry is now manipulating housing supply by holding onto millions of homes in the pre-foreclosure/foreclosure pipeline. Medium to long-term, these bubbes burst and prices will revert back to supply/demand trends. With high levels of unemployment and credit contraction, the purchasing power of the consumer is weakened now. My 2 cents says prices will go lower.

Take a look at the graph in this thread, on average prices are unchanged since 12/07. Think back to the economic prosperity of 2007 compared to now, do consumers have the purchasing power they had then?

I''m just a consumer. I think you''ll be hard pressed to find a tradesperson on this forum say prices will be lower in the future. If that sentiment grew, consumers would stop buying and they would go out of business.
Click to expand...
I am actually one who hope prices would stay on the realistic side of things..., but as we are all witnessing the craze as stock''s & commodities values etc... are flying as though nothing happened in the world...,

Maybe round II will change this craze...
 
It has been reported in mutiple sources that DeBeers did close their mines down earlier in the year due to a "glut" of rough in their inventory, at present demand they said they had enough for years to come. Also reported that over 800,000 jobs in India alone have been lost in this industry. If they are selling "all they can manufacture", then why close the mine down?

This question has been debated on the site for a while, we really do not know the forces that will occur in a few months that will cause prices of diamonds to go up or down. But I guess it is fun to speculate.

One other comment, if you look at the price chart post earlier in this post, it appears that smaller size diamond price are stabilizing but 1-2 carat range have fallen about 20% since 3/08. I guess if you have the coin, not a bad time to go for a 1-2 carat stone.
 
I'm not sure about price trends, but I've gotten my best diamond buys in the Sept / Oct time frame. My unscientific and statistically untested opinion is that "now" is an off-peak buying time before a seasonal uptick in jewelry purchases, and many vendors have nice diamonds in stock, the selection isn't picked over yet, and there are some nice values for the money at this time of the year. From Thanksgiving until after Valentine's day, I've seen less to choose from, either new or used/estate items. If you need it for Christmas, be seriously hunting now is my advice.

Also, there are loads of diamonds in the 6.5mm to 7.2mm diameter range and an apparent shortage of 1.4ct to 1.5ct stones. Locally, the jewelers and pawn shops are telling me that they have lots of 1cts but everyone is looking for 1.5ct this year. They say any budget-friendly diamond in 1.5ct range flies out the door as soon as the store gets it.
 
I think you just need to buy to what you can afford whenever you''re ready to buy. There doesn''t seem to be a real pattern of increase, decrease, and if there is the economy is fluctuating to a point where I doubt any past gage is realiable.
 
I think the strength and weakness of the US$ is a bigger variability right now - it could go either way
 
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