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Diamond Week In Review: 7/29/05
Diamond Prices continue to inch up. Last night, Rapaport News, an Industry Newsletter reported that prices for 1.5 to 5 carat round brilliant diamonds increased by 1-3 percent, encompassing D-J colors and Internally Flawless to SI-2 Clarity Grades.
Increased consumer demand and reduced availability of gem quality diamond rough are cited for these prices increases.
Indications point to additional price increases for smaller carat sizes as well, coming in the next few months.
And you thought a barrel of Oil was expensive!
