For the vast majority of people I believe diamonds are not an investment. If you buy an engagement ring you should not expect the resale value to exceed your purchase price for a long, long time. If you have excess cash, try stocks, bonds or gold. Are there exceptions? Apparently so, lets take a look […]
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8.88 ct D FL x 2 = 17.76ctw
Christies auctioned off a PAIR of 8.88ct D color, flawless clarity diamonds today. They have the highest cut grade, symmetry & polish; all excellent – known as EX/EX/EX. Both stones have GIA reports (and have their GIA report numbers inscribed), we obtained copies of both reports from the GIA grab a copy and drool 2135439789 […]
76.02 Diamond – Archduke Joseph
Christie’s sells 76.02ct D IF Archduke Joseph for 22 million, or $280K/ct. The diamond is a rare Type IIa diamond. The buyer remains anonymous (I can help narrow down the search, the buyer is not me). The Archduke diamond is believed to have come from India’s Golcanda mine, the home of many Type IIa diamonds. […]
Diamond Prices Continue To Drop
I posted a comment a few months back about diamond prices dropping, based on the official RAP price list. We are seeing that prices are continuing to drop, which is bad news for diamond sellers. The amounts of the drop that we are seeing is not massive like you might see on the stock market […]
Synthetic Diamonds Enter Market
Synthetic (man made/fake) diamonds produced by CVD (Chemical Vapor Deposition) have been around for a while. There are companies making them and selling the finished diamonds on the market but the demand for them is quite small. When our diamond buyers are making a purchase there are a number of diamond type(s) that we do […]
Chemical Melt
If you deal with old jewelry, you know all too well about prying small stones from jewelry. When getting a batch of old gold or platinum ready for refining it is best to remove the old stones. Often the result is broken or damaged stones. Not only does the process take a LONG time to […]
A Diamond In Need Of Help – Part 2
Back in February I did a posting on a diamond that had a fair cut grade, it was not a very attractive diamond. Of course we sent it off to the diamond cutter to bring it to life. Our estimate was the diamond would need to come down to 1.17ct in order to greatly improve […]
Can taxes in India affect US jewelry prices?
When India passed their 2012 budget, it came with some tax increases as well as new taxes for members of the trade. Existing import duty on gold bars, coins and platinum increased from two percent to four percent which is a 100% increase in the tax rate on these items. A new tax was added […]
Diamond prices drop 2.9%
If you are looking to sell your diamond you would have been 2.9% better off last month. Rapaport today released the average price changes for a 1 carat diamond, which fell 2.9%. The good news is that since 1 year ago prices are still up 8.4%.
The final product – a 7.30ct diamond
After weeks of work the diamond cutter has completed cutting the 23.86ct diamond. The final weight of the diamond ended up being 7.30ct. There was an option at one point to make it an 8.xx carat diamond but the clarity would have been lower so it was decided to reduce the weight in an attempt […]