Upon reviewing the Mercury Diamond Index for Polished Diamond Prices below, you will see that prices are currently around the same level as they were in early 2010. Polished prices demonstrated an overall increase and the index rose from 116.7 in February to 121.5 in May of 2010. Prices then fell back a little only to increase again, and the year-end index reached 129.3. From start to end, prices increased by an average of 17.6%.
In a departure from other shows over the past year and more, the September show in Hong Kong saw a decent amount of business, and many exhibiting diamond firms reported a rise in transactions compared to previous shows. There is a good reason for the change, and it does not necessarily serve as a positive sign for the diamond industry.
Diamonds are the epitome of beauty, elegance, and rarity. Like no other substance, they captivate us as an eternal symbol of love and endurance. But diamonds are far more interesting than many of us might believe. They have been studied intensely by scientists, as they exhibit properties unlike any other material on Earth. Let’s take a closer look at the lighter side of diamonds, and explore some of the unexpected and amazing facts about diamonds that few people know.
The world of celebrities is constantly entertaining. For those of us in the diamond business, celebrities are important, since they buy a lot of expensive diamonds. This is very evident in celebrity marriages, where male suitors over the last few decades have bought increasingly valuable diamonds for their soon-to-be wives in an ever-expanding game of one-upmanship. Since many of these marriages are short-lived, the celebrity diamond market continues to provide opportunities for jewellers across the globe to place high value pieces in the hands of these high profile buyers. The list of expensive celebrity engagement rings is vast, and purchase prices are not always disclosed. Here are some of the most expensive celebrity engagement rings ever sold – the ones we know about, at least.
Here is a summertime conundrum to contemplate: Which forces drive business activity besides the obvious: buying, adding value and selling at a profit? There are other forces at work in the diamond industry, and they have a potentially devastating effect.