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Diamond & Precious Metals Week In Review: 3/4/05
Diamond prices are increasing but soft U.S. is demand providing strong resistance.
Premium and Ideal Cut stones bringing strong prices. Increased demand for fine-cut Princess cuts in the 1 carat to 1.5 carat sizes. Marquises are making a comeback with strong demand for fine cuts. Supply in this area is limited as kost Marquises have been cut for carat weight retention.
Prices for pear and heart shapes firming in larger, better quality goods (2ct+, G+, SI2+). Ovals are holding steady. Oversizes are in limited supply and bringing in premium pricies over straight sizes.
Gold at $434.30, up $7 for the week and Platinum at $876.00, up $10 for the week. Metals are bullish and poised to go higher in the coming weeks as the combination of the weak dollar, rising oil prices, increasing U.S. trade deficit, and the introduction of metals backed metal traded funds make Gold and Platinum very attractive safe havens for money. Jewelry prices will be affected wit expecte price increases.
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