Yikes!! More bad news on the global economy and diamond prices!!

[Phoenix]

Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

 

[Dancing Fire]

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

 

[Phoenix]

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

Do you think, DF?

I am reeaaaaaallly glad that we didn''t go for one of the 5caraters which we considered *briefly*. I, for one, think that the economy would continue its downwards trend for at least the next 6-9 months before it even *begins* to get better and with that, diamond prices will be dragged down too. This is especially true considering that diamond prices (along with the housing market) went through a huge bubble last couple of years (before the downturn).

 

[MissGotRocks]

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn't help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I've seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

So what happens if you bought a diamond from a company with an upgrade policy? Say you bought a stone for 20k and want to trade it in. Prices come down and a larger stone (same color, clarity and quality) now sells for 18k. How will the company handle the discrepancy in pricing? You would just have to buy an even bigger stone so that the price will exceed your original 20K? Will make for some interesting scenarios!

 

[Dancing Fire]

Date: 1/14/2009 8:53:55 PM
Author: MissGotRocks

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

So what happens if you bought a diamond from a company with an upgrade policy? Say you bought a stone for 20k and want to trade it in. Prices come down and a larger stone (same color, clarity and quality) now sells for 18k. How will the company handle the discrepancy in pricing? You would just have to buy an even bigger stone so that the price will exceed your original 20K? Will make for some interesting scenarios!

yup, i would think so,or a higher color better clarity stone.

 

[musey]

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

I sure hope so, I have some diamond plans for about 2-3 years from now...

 

[Dancing Fire]

Date: 1/14/2009 8:49:09 PM
Author: Phoenix

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

Do you think, DF?

I am reeaaaaaallly glad that we didn''t go for one of the 5caraters which we considered *briefly*. I, for one, think that the economy would continue its downwards trend for at least the next 6-9 months before it even *begins* to get better and with that, diamond prices will be dragged down too. This is especially true considering that diamond prices (along with the housing market) went through a huge bubble last couple of years (before the downturn).

IMO, at least 2 yrs before the economy turns around.

 

[Phoenix]

Date: 1/14/2009 9:10:01 PM
Author: Dancing Fire

Date: 1/14/2009 8:49:09 PM
Author: Phoenix

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

Do you think, DF?

I am reeaaaaaallly glad that we didn''t go for one of the 5caraters which we considered *briefly*. I, for one, think that the economy would continue its downwards trend for at least the next 6-9 months before it even *begins* to get better and with that, diamond prices will be dragged down too. This is especially true considering that diamond prices (along with the housing market) went through a huge bubble last couple of years (before the downturn).

IMO, at least 2 yrs before the economy turns around.

Oh God, I hope not!! Based on what do you say this though, DF? At the moment, no one really knows. IMO, a few more bad things are gonna come out of the wood work and a lot more bailing out and restructuring need to happen before things can start to turn around. But I say this purely as an observer, it''s certainly not any expert opinion of any sort. I don''t think anyone really knows for sure, but that''s just my humble opinion.

 

[Phoenix]

Date: 1/14/2009 9:04:06 PM
Author: Dancing Fire

Date: 1/14/2009 8:53:55 PM
Author: MissGotRocks

Date: 1/14/2009 10:50:26 AM
Author: Dancing Fire

Date: 1/14/2009 10:39:35 AM
Author:Phoenix
Well, you know what?!! I am not rushing out to buy any more diamonds any time soon!!

http://sg.biz.yahoo.com/090114/1/4lal6.html

Doesn''t help that everything you own (shares, houses, cars etc) seem to have taken a nose-dive.

I am not sure that I''ve seen a worse recession in my lifetime

. There seems to be no end to this.

When are things going to get better (?!)

trust me...diamonds will be cheaper in the coming yrs.

So what happens if you bought a diamond from a company with an upgrade policy? Say you bought a stone for 20k and want to trade it in. Prices come down and a larger stone (same color, clarity and quality) now sells for 18k. How will the company handle the discrepancy in pricing? You would just have to buy an even bigger stone so that the price will exceed your original 20K? Will make for some interesting scenarios!

yup, i would think so,or a higher color better clarity stone.

I agree with DF.

One way to think about it is this: You''ve kind of "locked in" the higher price and you''d only need to spend a little more to get a better quality or larger stone. Or at least, that''s how I''d prefer to justify my spendings of the last couple of years

.

 

[Dancing Fire]

Date: 1/14/2009 10:31:26 PM
Author: Phoenix

IMO, at least 2 yrs before the economy turns around.

Oh God, I hope not!! Based on what do you say this though, DF? At the moment, no one really knows. IMO, a few more bad things are gonna come out of the wood work and a lot more bailing out and restructuring need to happen before things can start to turn around. But I say this purely as an observer, it''s certainly not any expert opinion of any sort. I don''t think anyone really knows for sure, but that''s just my humble opinion.

i''ll answer that Q on a new thread.