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Diamond prices up? Who said that?

diagem

diagem

Ideal_Rock
Trade
Joined
Oct 21, 2004
Messages
5,096
Yes, some narrow segments are in short demand but the material at large is in real pain!
Only genuine added value will prevail...

This Diamond just was auctioned at Sotheby's for US$15.7mil (I assume included auction fees/charges), not long ago such a 10ct would have beat the per carat price of US$154k.
It was a major risk offering it "without reserve", the slap is painful to someone today!

Very high end colorless diamonds are bleeding (literally)!

https://www.cbc.ca/news/business/diamond-auction-1.5723379
 
Time will tell if it is a one of or the new normal.
Big stones while still rare are not as rare as they once where due to increased scanning at the mines.
 
Karl_K said:
Time will tell if it is a one of or the new normal.
Big stones while still rare are not as rare as they once where due to increased scanning at the mines.
Click to expand...

We already know its not a one timer..., too many albeit smaller were also recorded at such steep downfalls, the question will it be prolonged or eventually reflect a great, perfect investment? I for one am not touching them presently! But I might be wrong as they seem to be laying on the floor just to get picked up in the larger sizes.
 
Hi All!!
From my perspective:
The relationship of a 102ct diamond to "normal" diamonds.....is by no means intuitive.
On the ground, there's a shortage of diamonds that "normal" people buy- so prices are indeed strong. Unless it's a stone that has issues...then it's a different story.
But try to find a super well cut 2ct, E-G/VS1-SI1....prices are indeed strong here in NYC
 
Rockdiamond said:
Hi All!!
From my perspective:
The relationship of a 102ct diamond to "normal" diamonds.....is by no means intuitive.
On the ground, there's a shortage of diamonds that "normal" people buy- so prices are indeed strong. Unless it's a stone that has issues...then it's a different story.
But try to find a super well cut 2ct, E-G/VS1-SI1....prices are indeed strong here in NYC
Click to expand...

...and your perspective is actually what counts as far as the general public is concerned..., but again, as mentioned in my initial post, its a very narrow segment in the ocean of diamond availabilities.

I also hear there is some sort of rush into 1ct D-IF's, and probably because of a major jewelers call. but in general, selling a 100 ct D-IF for practically half price than one which sold seven years ago is a red light!

As Karl mentioned.., 100 ct diamonds used to be a ultra rare event, today, miners are proud to reveal such finds and due to technology such founds are almost a monthly occurrence (and that is lightly speaking), plus the fact that in the near future one will be able to sport a 500 carat D-IF is no longer a tale! MMD's will make this a normal soon enough.
 
There have been 3 times as many +200ct rough diamonds found in the last 15 years Yoram than in the previous 100 years.
I researched it
www.hollowaydiamonds.com.au

Many huge diamonds found each year. Why?

In 500 years up to 2004 there were a few huge diamonds found. About one a year for the past century. Since then many huge diamonds found ...
www.hollowaydiamonds.com.au www.hollowaydiamonds.com.au
 
I guess we should define "narrow segment"
As an example: If we chart the prices of Reds, Pure Greens, Blue diamonds.....the price curve does not necessarily match the price curve for Yellow diamonds.
There's 1000 ( or more) Yellow and light yellow diamonds sold for every Blue. In terms of the number of carats- or total dollar value- yellow far outstrips Blue, Green or Red.

In the same way that 100 ct diamonds don't relate to one-carat diamonds, necessarily.
I'd even venture to say the 10carat market is more similar to the one carat market than the 100 ct market.
Prices on desirable 10 ct stones are strong right now as well.

My point is that 100ct diamonds are the "narrow segment"- even if they triple or quadruple the mining finds, a small percentage of buyers will be interested.

eta- re-reading your intial post- and after speaking about this in the past..... I know we agree that "normal" goods are hard to find
 
@diagem thank your for sharing the article. All the jewelry accounts were reposting how great the 15 Mill. Fetched price was. So it's interesting to see that they were actually expecting a bit more.
Is MMD rough hard to come by during Covid19?
 
Garry H (Cut Nut) said:
And from PriceScope data base
1601943499339.png1601943499339.png
Click to expand...

Like I said, a very narrow range is sought after thus bringing in a bit stronger prices, but what about the rest Garry? IMO, the industry wont be sustained on such narrow segments.

I just participated in this auction which just ended a few min ago in HK (Sotheby's magnificent jewels).

Just look at the results and unsold's, colorless diamonds are very messy now, obviously the larger and higher qualities, the messier. Genuinely colored diamonds are doing ok, the rarer the better but still most sold at discounts vs. just a year or two ago. One 8.88ct FVY passed the US$100k which is a sign of confidence for TOP yellows (which are extremely rare).

Beautiful and rare colored gems did better than expected...

https://www.sothebys.com/en/buy/auc...on_HK0973&utm_medium=email&utm_term=07-Oct-20
 
Just noticed and cant edit anymore so correcting here:

One 8.88ct FVY passed the US$100k per carat threshold which is a sign of confidence for TOP yellows (which are extremely rare).
 
This is an interesting discussion, from my perspective.
I've never delved into the gajillion dollar markets....always preferring to buy and sell more......pedestrian stones.
Maybe that was a mistake- some of my old co-workers did take that route....seemingly getting quite rich......
But from where I sit, the price of a 8.88ct Vivid yellow is virtually unrelated to the price of a 2ct Fancy Light Yellow.
I believe the market bears me out- at times when the 2ct FLY was falling in price, the 8.88 vivid was rising.
But maybe my perspective is short sighted.....
 
diagem said:
Like I said, a very narrow range is sought after thus bringing in a bit stronger prices, but what about the rest Garry? IMO, the industry wont be sustained on such narrow segments.

I just participated in this auction which just ended a few min ago in HK (Sotheby's magnificent jewels).

Just look at the results and unsold's, colorless diamonds are very messy now, obviously the larger and higher qualities, the messier. Genuinely colored diamonds are doing ok, the rarer the better but still most sold at discounts vs. just a year or two ago. One 8.88ct FVY passed the US$100k which is a sign of confidence for TOP yellows (which are extremely rare).

Beautiful and rare colored gems did better than expected...

https://www.sothebys.com/en/buy/auc...on_HK0973&utm_medium=email&utm_term=07-Oct-20
Click to expand...

Your question reminded me of an old joke.
what would you rather have - a luxury penthouse, or a bad STD?
Answer - an STD - its easier to get rid of
 
diagem said:
IMO, the industry wont be sustained on such narrow segments.
Click to expand...

We share this fear....but we get to the conclusion differently.
 
Garry H (Cut Nut) said:
Your question reminded me of an old joke.
what would you rather have - a luxury penthouse, or a bad STD?
Answer - an STD - its easier to get rid of
Click to expand...

To live in? Dont know..., let me think a bit... :devil:
 
I believe the results of this imperial jade necklace scared the other two top lots causing both withdrawals.

8.1mil_2020.jpg

Although not the same (provenance and mm size), but both top quality I believe, 2020 sold for $8.1mil

This Cartier Hutton-Mdivani sold back in 2013 for $27.6mil.

Mdivani_27mil_2014.jpg

https://www.sothebys.com/en/auctions/ecatalogue/2014/magnificent-jewels-jadeite-hk0518/lot.1847.html

One thing is certain..., this latest auction got noticed well, and a lot of people are recalculating their high end stocks.
 
diagem said:
....plus the fact that in the near future one will be able to sport a 500 carat D-IF is no longer a tale! MMD's will make this a normal soon enough.
Click to expand...

"Meylor, an international supplier of lab grown diamonds, already held the record the biggest lab-grown diamond - a 20.23 carat (fancy vivid yellowish orange, VS1, cut from a rough extra large single-crystal diamond weighing 55.94 carats.

It has also produced a fancy deep blue SI1 emerald-cut 10.07-carat diamond and an E-color VS1 square emerald-cut 10.02-carat diamond."

http://www.idexonline.com/FullArtic...txI2Yr60SWbikqa2i-uvS7hTgLqZloZSJBPONOZWwTK68
 
Do you guys still believe diamond prices are not increasing?

I just did a James allen and blue Nile search of the same specs as my diamond we purchased a few months ago and I couldn’t find anything within $3,500.. and it still wasn’t as pretty (PS spec wise and what not).

Why am I still searching diamonds? Only God knows. *face palm*
 
Garry H (Cut Nut) said:
I can not see this as a Vivid diamond??? But GIA did, so who am I?
I think these auction houses should be named and shamed by consumer advocate org's.
Look at this FCRF independent photo compared to the catalogue image:
1605163313783.png
1605163337867.png
Click to expand...

It's so sad. It looks like they cut this stone in half. I can't unsee that line through the middle.
 
LLJsmom said:
It's so sad. It looks like they cut this stone in half. I can't unsee that line through the middle.
Click to expand...

The objective was to reflect the girdle zones, where color retention localizes. You can easily see in the picture that every pavilion facet reflects the girdle smack in the center of each facet length! Absolutely nothing to do with light return, whatever little light does return is a bonus!
 
diagem said:
The objective was to reflect the girdle zones, where color retention localizes. You can easily see in the picture that every pavilion facet reflects the girdle smack in the center of each facet length! Absolutely nothing to do with light return, whatever little light does return is a bonus!
Click to expand...
Yup. Ok. Still don’t like it...
 
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