Upgrade Policy

[customandrew]

I cannot find the upgrade policy for Infinity Diamonds through Wink.
With the diamond prices apparent drop I thought I should have record of this policy before it could change.
I am very happy with my diamond btw...just for peace of mind wanted the policy recorded.

 

[Upgradable]

Why not just call Wink and ask him. I''m sure he''ll send you a copy of the policy. I have never dealt with a more up front and fair vendor!! His #1 priority, far beyond his profit margin, is the satisfaction of his customer!!

 

[Paul-Antwerp]

Hi Andrew,

I do not know if Wink already answered you, so I am bumping this up so he can get back to you.

One remark though: I see that you are mentioning that diamond prices are dropping. I totally do not see this. To the contrary, I would think.

Live long,

 

[customandrew]

Alright I got spooked haha...feeling silly.

I cant even find the article I was reading. It was published Oct. 3 and stated that prices were expected to decrease
somewhat significantly.

I shouldve researched more before the post.

 

[DiamondGirlHH]

I read these articles about the diamond prices:


Polished Diamond Prices Soften Slightly in September
http://www.idexonline.com/portal_FullNews.asp?id=31256


RBC Forecasts Weaker Diamond Prices, Consumer Demand
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23521


Harry Winston Says Diamonds to Rise After Crisis
http://www.bloomberg.com/apps/news?pid=20601087&sid=ab3UetsLL.fU&refer=home

 

[customandrew]

Date: 10/6/2008 12:10:11 PM
Author: DiamondGirlHH
I read these articles about the diamond prices:



Polished Diamond Prices Soften Slightly in September

http://www.idexonline.com/portal_FullNews.asp?id=31256



RBC Forecasts Weaker Diamond Prices, Consumer Demand

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23521



Harry Winston Says Diamonds to Rise After Crisis

http://www.bloomberg.com/apps/news?pid=20601087&sid=ab3UetsLL.fU&refer=home

Thanks Diamondgirl...it was the second article that I read:

"Kilalea said some predicted diamond prices would fall by more than 20 percent including the larger high-quality diamonds, “which have seen remarkable strength in the past year.”

“The party is over for diamonds, at least for the next two years,” Kilalea wrote. "

 

[strmrdr]

Date: 10/6/2008 12:10:11 PM
Author: DiamondGirlHH



Harry Winston Says Diamonds to Rise After Crisis

http://www.bloomberg.com/apps/news?pid=20601087&sid=ab3UetsLL.fU&refer=home

10 years down the road maybe.
What I get a kick out of is everyone thinks the rising economy in Asia is going to continue to rise while the US slumps.
The rise is based on an infusion of US funds, without it there is next to nothing.

 

[WinkHPD]

Date: 10/3/2008 10:49:26 AM
Author:customandrew
I cannot find the upgrade policy for Infinity Diamonds through Wink.
With the diamond prices apparent drop I thought I should have record of this policy before it could change.
I am very happy with my diamond btw...just for peace of mind wanted the policy recorded.

I think I may not have it on my site, it is so pathetic sometimes. I am having a new site built that will have these things, but you are actually getting the lifetime trade up policy from Infinity from ANY of their dealers, so even if I was to retire tomorrow you are covered. It is one of the reasons that I love Infinity so much, they make sure that the Consumer is protected at all times!

Wink

 

[WinkHPD]

Date: 10/3/2008 11:30:25 AM
Author: Upgradable
Why not just call Wink and ask him. I''m sure he''ll send you a copy of the policy. I have never dealt with a more up front and fair vendor!! His #1 priority, far beyond his profit margin, is the satisfaction of his customer!!

Thank you for your kind words.

I believe in the Law of Attraction so every morning when I awake I say in my prayers that I am "ready, willing and able to help make people happy". It must be working, our business is up for the year in spite of the harsh economy.

Wink

 

[WinkHPD]

Date: 10/6/2008 12:24:36 PM
Author: customandrew

Date: 10/6/2008 12:10:11 PM
Author: DiamondGirlHH
I read these articles about the diamond prices:



Polished Diamond Prices Soften Slightly in September

http://www.idexonline.com/portal_FullNews.asp?id=31256



RBC Forecasts Weaker Diamond Prices, Consumer Demand

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=23521



Harry Winston Says Diamonds to Rise After Crisis

http://www.bloomberg.com/apps/news?pid=20601087&sid=ab3UetsLL.fU&refer=home

Thanks Diamondgirl...it was the second article that I read:

''Kilalea said some predicted diamond prices would fall by more than 20 percent including the larger high-quality diamonds, “which have seen remarkable strength in the past year.”

“The party is over for diamonds, at least for the next two years,” Kilalea wrote. ''

The media has been predicting the end of the party for diamonds since I got into the business in 1971. Every slump fails to break below the long term uptrend line for you chartists. I have seen a 1ct D-IF go from $2,000/ct wholesale in 1971 to $65,000/ct between dealers at the New York Diamond Dealers Club in February 1980 and back down to as low as $8 - 9,000/ct by July of 1980, but if you made a trend line from the thirties you would see that the aborational run up in price actually settled down and started back up at a much higher plateau rather than ever regaining the original up line.

I forget the author of the book in the 70''s who said the party was over, about one year into the madness, but well before the top. The last few months of the uptic were explosive in their price increases, but the long term has been at least three % per year on average, and more than that for the last several years.

I can not speak for the other vendors, but we have actually seen an increase in our larger diamond sales. The people with money are still buying, and they still have money left when they finish buying. Yes, smaller ticket items are off somewhat, but the party will always go on, only some of the players will not be at the party by the end of this recession. Some will, and some new players will be here, but the party is far from over. Even durring the great depression, there were those who set the foundations for personal wealth that boggles the mind, even by today''s standards.

Just my opinion of course...

Wink

 

[Maisie]

Date: 10/6/2008 3:51:23 PM
Author: Wink

Date: 10/3/2008 11:30:25 AM
Author: Upgradable
Why not just call Wink and ask him. I''m sure he''ll send you a copy of the policy. I have never dealt with a more up front and fair vendor!! His #1 priority, far beyond his profit margin, is the satisfaction of his customer!!

Thank you for your kind words.

I believe in the Law of Attraction so every morning when I awake I say in my prayers that I am ''ready, willing and able to help make people happy''. It must be working, our business is up for the year in spite of the harsh economy.

Wink

Congratulations Wink!

 

[denverappraiser]

A curious question that I get asked virtually every day is whether I think the price of gold will go up or down tomorrow. I’m an expert after all. Oh but I wish I could do that, or even predict it with, say, a 60% accuracy. I could parlay that talent into some serious wealth. I could do the same by accurately predicting the future prices of stocks, bonds, houses ….. or diamonds. Unfortunately, this sort of thing requires a psychic, not an appraiser and not an author. I’m with Wink, I’ve been hearing forecasts of doom and gloom in the diamond business ever since I’ve been in the business. The advent of CZ was going to kill it. The viable introduction of synthetics as a product was going to kill it. The ‘commoditization’ of diamonds was going to kill it. The end of the Soviet Union was going to kill it. The diamond discoveries in Canada were going to kill it. Who knows, sooner or later the diamond business may very well collapse and people will want to use something else to commemorate their special events and I have no doubt that there will be a few psychics/writers who will have predicted it and can build that into a career on the speaking circuit as a forecaster but, for me, I don’t see it happening any time soon. Predicting disaster is good for selling magazines and newspapers and this seems to be primarily the point. Now that's an industry that seems to have a lot of doom and gloom in their future.

Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver