Wednesday, April 7, 2010

Diamond Rates head up again

Retail diamond values in the second half of 2008 qualified one of the main decreases in decades and followed by comparatively no price changes up or downward in 2009. Though, rough diamond rates in 2009 were up by regarding 15% and they have increased that much by now in 2010. As a result, there is major pressure on refined diamond prices to move up.

With the U.S. financial system star to recover and the U.S. consumers classically purchasing concerning half the world’s diamonds and diamond jewelry, retail rates are moving up.

By the ending of January 2010, there was an industry wide price increase for diamonds over 3.0 carat weight with price increases series from 1.5% to 3.5% depending on carat weight, color and clearness of the diamond. In middle of the February, one more industry wide price increase occurred for round diamonds in the 1.00 to 1.99 carat range with at least H color and VS2 clearness and had increases in the 1.0% to 5.0% range depending on carat weight, color, and clarity of the diamond.

It is only a material of time before we see cost increases for fancy shaped diamonds less than 3.0 carats and for round diamonds in the 2.0 to 2.99 carat weight variety.

These early year increases will not be the last increases as projections are for elegant diamond prices to increase by double-digits for 2010. For diamond consumers, this means that the top prices are leaving to be had now quite than later this year or in the predictable future.

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