Up 60%

[joe2]

At least these 2 are. Both from LG.
LG696545900 two weeks ago $272.00 now $437.00
LG718507167 was $270.00 now $434.00

 

[ItsMainelyYou]

Oh, it's going to get hairy for the US of A, for sure. Gone are the days of cheap, for now.

 

[LightBright]

If they are being made or cut in India, that might be it. Retaliatory Tariffs?

 

[GemView]

At least these 2 are. Both from LG.
LG696545900 two weeks ago $272.00 now $437.00
LG718507167 was $270.00 now $434.00

Forgive my ignorance but who is LG?

 

[ItsMainelyYou]

Forgive my ignorance but who is LG?

Huge South Korean household electronics company. TV, washers, fridges etc.

 

[Gypsy]

I think in this case LG means Loose Grown Diamonds.

 

[ItsMainelyYou]

I think in this case LG means Loose Grown Diamonds.

Hahahahaaa, well I got that wrong
Yeah, them too.

 

[0515vision]

Hey @joe2, what were the sizes on those two? Are you noticing 60% across the board or certain sizes bearing more/less of an increase?

 

[DejaWiz]

Huge South Korean household electronics company. TV, washers, fridges etc.

Lucky Goldstar, as they were formally named (probably just aged myself )

 

[joe2]

Hey @joe2, what were the sizes on those two? Are you noticing 60% across the board or certain sizes bearing more/less of an increase?

1.17 and 1.18ct. Those are the only two I had taken notes on. I'm starting my Christmas shopping now but I'm going to delay any diamond purchases. I liked LG718507167 at $270.00 but at $434.00 it doesn't have the same appeal.... Cheap cheep.

 

[oncrutchesrightnow]

Aug 8


Aug 29

 

[Alybird]

Can confirm prices are up – I was in the process of designing a piece and planning a purchase for a parcel of .50 & .75 ct H&A diamonds, which were originally $150 - $170/ea and now they're $220 - 250/ea.

 

[0515vision]

Can confirm prices are up – I was in the process of designing a piece and planning a purchase for a parcel of .50 & .75 ct H&A diamonds, which were originally $150 - $170/ea and now they're $220 - 250/ea.

Can I ask where you get H&A stones in that size in parcels? And boo on the increase

 

[Alybird]

Can I ask where you get H&A stones in that size in parcels? And boo on the increase

Ofc!

I was looking on LGD with the search parameters limited to the carat size that I wanted for the project, H&A, HPHT, and a few adjustments to the percentages for Table and Depth % to only show diamonds with SIC proportions. Before the website update, their ready-to-ship inventory was plentiful and very competitively priced.

With the former prices at $150-170/ea, I was just going to buy several individually selected .50 and .75 stones in an order or two. That price range was something I could feel casual about because the project requires about 20+ stones.

The recent price increase does give me some pause; I think I will wait to see whether these prices stabilize or drop depending on if or when tariff and/or market chaos levels out. It's definitely hard to plan purchases at the moment because of all of the instability, and that goes for precious metal prices as well.

 

[dk168]

Perhaps I should hoard LGDs and resale at a later date when it is OK to ship more than just a letter to US from UK!

DK