Diamond Prices ...on the move again

As we look forward to a recovering economy, wage increases for those of us that have jobs, and new opportunity for those who don’t, there appears to be a small but growing sense of “reserved hope.” For the jewelry industry professionals, we are slowly realizing the anticipated increase in diamond values, as well as platinum. Gold prices remain high, but mostly stable. Many looking to liquidate gold are struggling to decide if now is the time, or if we’ll see another jump in prices when inflation hits. Polished diamond supplies are dwindling and we are seeing the outrageous deals disappear quickly. I hate to say it, but it seems as if the days of buying GIA certified stones with decent makes across the board are no longer coming to us at -35% and -45% off Rap. Making consumers content with -10% to -20% when we’re buying at -20% to -30% for those high volume low margin diamond dealers among us is soon to be the norm. Oh well… there are still some fantastic profits to call in as we exercise the steal deals purchased during 08 and 09 scramble. We have that to look forward to I guess.