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Diamond Week In Review: 8/12/05
Excellent turnout and buying activity at last week's annual JA Summer Diamond and Jewelery show held at New York's Javits Convention Center.
Retail jeweler Traffic was up by 10%+ with increased purchasing by retailers for their inventories in their expectation of a strong Fall and Christmas buying season by consumers.
Strong demand for rounds in 2 carat+, I color +, SI-2 clarity +. Princess Cuts steady, Asscher, Oval, and Radiant Cuts strong.
Gold and Platinum prices surging as Oil prices hit all time high of $65.00/barrel amid fears of increasing political instability in Iraq and Saudi Arabia.
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