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Diamond Week In Review: 7/1/05
2carat+, H color+, SI2 clarity + diamonds are very scarce and driving higher dealer prices. Demand flat for inexpensive goods under the carat due to relatively weak retail sales by large chains and mass merchants. Far East steady for 0.40ct+ (J-M color,VVS-SI2 clarity).
Fancy diamond shape market very strong with good demand and scarcity of large goods. Princess cuts continue to be strong. Asschers, Radiants, and Emeralds weaker in June. Increased demand for Heart shape diamonds with shortages in larger sizes. Pears and Ovals steady.
First wave of price increases for polished diamonds in 1.5 carat + to 5 carats in round shape diamonds, D-G color and Internally Flawless to VS-2 clarity instituted last week in response to diamond rough price increases introduced by DeBeers at the last diamond sight two weeks ago in London. Further diamond price increases for smaller carat round diamonds and fancy shape diamonds forthcoming in the next several weeks as consumer demand greater than available supply.
Happy 4th of JULY Holiday weekend to one and all!!
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