Downgrade in Jewerly Stocks

[evolve]

So Tiffany and Blue Nile got downgraded by analyst. So do you think diamonds is set to go higher in price or a bargain after all?

All kinds of factors plays for the downgraded.
* US consumer spending on high end product is slowing down.
* US dollar is falling
* Unemployment rate will be out next week.
* Subprime loans will be reseting for the next wave.

 

[Pandora II]

I think prices will go up - stronger foreign currencies will be buying the diamonds, so prices of rough etc will not go down.