how do I know price fluctuations on stones?

[garek007]

Hi,

I was reading a post on this site that said something about constantly watching the diamonds and noting when prices are up and when they are down.

I figured that diamonds, like anything else, would fluctuate. How do I see this? Where do I look and how do I tell if diamond prices are indeed ''up'' or ''down''.

I''ve looking on the price calculators on sites like blue nile and union diamond, but it''s hard to keep track of.

Any suggestions?

 

[windguy]

http://www.idexonline.com/Diamond_Index_Drivers.asp

is that what you are looking for?

 

[stone-cold11]

On the home page.

https://www.pricescope.com/diamond-pricing-history-chart.asp

 

[Garry H (Cut Nut)]

Date: 2/6/2010 4:30:24 AM
Author: Stone-cold11
On the home page.

https://www.pricescope.com/diamond-pricing-history-chart.asp

Thanks Stone Cold.
This is a chart based on the hundreds of thousands of stones aggragated here on Pricescope.

Prices have been rising strongly this year and already this month the rise is about as much as that for all of January.

 

[garek007]

wow good stuff,

I like the first reply to my post. Second is good too, but first reply really shows what diamonds are doing now. I wish I had been buying a year ago.

What factors do you suppose contributed to low prices a year ago? just the generally bad economy? Would you recommend I wait a while for prices to go down? will they go down after Vday?

 

[diagem]

Date: 2/6/2010 10:48:48 AM
Author: garek007
wow good stuff,

I like the first reply to my post. Second is good too, but first reply really shows what diamonds are doing now. I wish I had been buying a year ago.

What factors do you suppose contributed to low prices a year ago? just the generally bad economy? Would you recommend I wait a while for prices to go down? will they go down after Vday?

Doesnt seem likely.
I guess its based on supply & demand realy.

One meaningful factor (to myself at least) is: https://www.pricescope.com/community/threads/are-indian-ice-cutters-creating-a-price-bubble-again.117671/

If this demand is based on real demand or some sort of speculation??? Only time will tell.
Rumors out of the East are showing real strong demand...
And, since I''ve started that thread back in June 09, prices just seemed to be jetting through any "common sense" roof

Rough seems to be either in extremely strong (financial) hands or there is realy a shortage out there....

It will be interesting to follow.

 

[Garry H (Cut Nut)]

I think the GFC led to retail and wholesale destocking at the same time as miners reduced output - it was rather like the old De Beers days - except this time all 4 main palyers seemed to reduce supply by slowing mines by mining lower value areas or even closing mines.

Now retailers and jewellery manufacturers are either meeting orders or restocking.
A 15-20% drop in USA does not mean there is no demand - just reduced demand.
China and India demand is probably plugging half that US drop.

Europe is now looking like it will double dip with a credit crisis looming - but Europe does not consume so much diamond by value (more small stones).

Longer term - there will be supply shortages as new mines become harder to find.
But right now it is back to business and probably prices as usual -so the 10-30% drops associated with the GFC - well, what an opportunity.

 

[WinkHPD]

Date: 2/6/2010 10:48:48 AM
Author: garek007
wow good stuff,

I like the first reply to my post. Second is good too, but first reply really shows what diamonds are doing now. I wish I had been buying a year ago.

What factors do you suppose contributed to low prices a year ago? just the generally bad economy? Would you recommend I wait a while for prices to go down? will they go down after Vday?

According to an article in a recent IDEX, diamond prices are expected to rise slightly this year, as demand has already started picking up with the larger increases coming in 2011 after the economy has a chance to pick up steam.

As with all projections, best not to bet the farm, but it is likely that you have seen the bottom of the market for now.

Wink