« The History of the World Famous Cullinan Diamond. | Main | Diamonds Power New Bionic Eye: The Sightless Will See. »
Diamonds & Precious Metals Week In Review: 4/1/05
U.S. markets are soft with weaker consumer confidence and declining stock markets. Oil prices increasing with one industry analyst predicting $105.00 barrel oil by the end of this year!
Diamond dealers are pushing up the prices of large expensive polished stones due to shortages and very expensive diamond rough. Weak dollar encouraging foreign demand and high hopes for Basel show (March 31-April 7.) Diamond Rough markets still commanding inflated prices with profit margins for dealers very thin.
Fancy shape diamond demand is strong with firmer prices driven by scarcity of goods and the higher prices for rounds. Very good Far East demand for larger stones (4ct+). Inflated rough prices still squeezing manufacturer's margins. Strong demand for pears and ovals, well shaped stones are scarce and bringing strong premiums.
Heart shapes surprisingly strong with prices firming. Princess and radiants moving well, especially in 1.25-3ct, G+, SI+. Emeralds strong in 2ct. and larger. Asscher cuts very strong across the board. Scarcity of well cut marquises but demand for them is weak at this time.
Gold at $427.30 and Platinum at $866.00 holding steady and building a strong base.
TrackBack
TrackBack URL for this entry:
