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Diamond Week In Review 7/15/05
A lull in the action as the Diamond and Jewelry Industry in New York is on vacation. Most firms will be back and re-open on Monday, July 18th.
Better Cut quality diamonds are in very strong demand and bringing price premiums. Ideal cut round brilliants, Princess cuts, Asschers, and Cushions are in high demand and commanding premium prices. Supply in 1.60 - 1.90 carat, D to I color and VVS to SI-2 Clarity are in very high demand with limited supply.
At DeBeers July Sight In London, Sight Holders were hit with a 2% Value Added Services charge which is tantamount to an increase in the price of their diamond rough allocations. This is a new policy which is being implemented as part of DeBeers new Supplier of Choice Program.
Sight Holders expect another increase in rough diamond prices come the September Sight and this will surely translate into another increase in the price of polished diamonds as we head into the fall Diamond Shopping Season.
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Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass' favor.
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If you're still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you'll know which is right for you.
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