The diamond market for both rough and polished is starting to be a roller coaster ride. Previously, price hikes were focused on larger diamonds, now on melee. Origin is becoming a more important topic, especially with Russian sanctions. GIA is going digital with reports.
Diamond MarketThe current diamond market is on edge waiting for a drop in prices but polished prices for the most part have stayed steady or in a very slight decline.
Diamond MarketWhat a great start to the year for the diamond industry. Demand is strong and prices are climbing. Tucson was good for color but even good for those that sold diamonds, being a “non-diamond” gem show.
Diamond MarketIn what is an unprecedented recovery over the prior two years of COVID-19 the diamond market has gained faster and recovered more than any of the other luxury markets and it continues to capture the largest share of expendable income dollars.
Diamond Marketexperiencing new sales highs with shortages and strong demand fueling the rise.
Diamond MarketShortages of rough and increased consumer demand are driving monthly price increases. Predictions of a slowdown in spring did not happen. Inventories at very low levels.
Diamond MarketCompanies shift selling preferences to lab-grown based on profitability and so-called ethical reasons, though sometimes unsubstantiated. Rough diamond prices are on the rise by both DeBeers and Alrosa with India struggling with COVID issues. Argyle is finally closing with an impressive final tender offering fancy color diamonds for the last time.
Diamond MarketSo, when you hear jewelry sales are up 106% (Diamonds.net) from last March you have to understand that’s good but not as spectacular as you would think at a glance.
Diamond MarketThe fall turned out surprisingly well for most in the diamond market. It was definitely a come from behind victory. It had been a very tough year due to the evolving nature of the COVID-19 virus. Restrictions imposed early apparently caused a pent-up need to spend on luxury items. The travel industry was the big loser and their loss was our gain.
Diamond MarketPositive holiday sales drive the diamond market amid pandemic resurgence. What is old is new in a newly manufactured old European cut diamond. Dominion Diamond Mines (DDM) of Canada finally sells its Ekati Diamond Mine. Blue diamonds discovered at the legendary Cullinan Diamond Mine.
Diamond Market