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Diamond & Jewelry Week In Review: 5/6/05
Demand for larger well made fancy(2ct+) diamonds is very strong across the board. Diamond rough availability is improving but prices are still very high. Princess Cuts are very strong. Pears and Ovals, doing well with improved demand for Hearts. Larger, better Emeralds (2ct+,H+,SI2+) doing well and Asscher cuts very strong across the board. Marquises demand improving with shortages.
Rough prices calming down but still much too high in relation to polished prices and current level of retail demand.
Gold futures in New York fell sharply in early trading Friday as a surprisingly strong U.S. April nonfarm payrolls report boosted the dollar and dulled the allure of bullion for investors. Gold is at $424.95. Platinum has dropped slightly to $874.00
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