If your diamond was purchased in 1970, and it was a D color, and flawless, and weighed 1.00 carat, you probably paid colse to 00.00 for it. If you purchased that same diamond in 1980, you would have paid ,000.00 for it. The same diamond, if purchased today (2007) would be colse to ,000.00. These prices are based on the buy being made in a retail jewelry store and not from the internet.
Looking at the above prices, you can see that there has been a steady growth in prices since 1970 with the exception of 1980. From 00.00 to ,000.00 is about a 650% increase. This is about the same growth as gas prices for the same duration in the Us.
Diamond
If we look at 1970 to 1980 we see a jump of colse to 1800%. What happened? From 1979 to 1981 diamonds were being sold as investments. Consumers were being told that top quality diamonds were in short contribute and would continue to rise in price. This was not true. However, consumers prolonged to buy them at a record pace and a record price. In 1981 the lowest fell out and the shop collapsed. Over the next few years there was an up and down cycle and ultimately the shop located back to where it would have been had there been no so called venture craze.
Millions of dollars were lost while this crash and many were left retention diamonds that they would never recover their money from. I still do appraisals today on diamonds from that period, and many hope they can recover their ,000.00 on a stone that is now worth colse to ,000.00. And some of them still want to shoot the messenger. (Appraiser)
During this duration most of the diamonds were sold with Diamond Grading Reports, or what became known as "Certs". The Gemological form of America (Gia) issued most of these. However, other laboratories started to spring up colse to the world. The top labs issuing grading reports today are Gia, Ags, Egl, and Igi. In my thought the two that set the world appropriate today are the Gemological form of America (Gia) and the American Gem community (Ags).
When you buy a diamond in today's market, either it is from a retail jeweler, or an internet seller, it should have one of these Grading Reports. Buying on the internet has its advantages. Let's take the ,000.00 diamond that we discussed above. This diamond can be found on the internet for colse to ,000.00. That's quite a savings. All you need to do is find the stone that you want, place your order, and in about 2 to 3 days it will be delivered to your front door. If you don't like it, or it is not what you wanted, most clubs have a 30 day return policy.
When buying from a retail jeweler you normally have several choices of market in your local area which allow you to visit them, and talk to a salesperson face to face. The salesperson should be able to show you several diamonds that meet your criteria and completely account for them to you.
I asked at the beginning if diamonds were a good value in today's market. My acknowledge is "yes" as long as you're buying the stone for all the right reasons. The right reasons will be distinct things to distinct people. It might be for you to wear yourself, or give as a gift, or the most extra of all... To give to that extra someone as an engagement ring. Just keep in mind that a diamond is bought as an venture in charm and not as a financial investment.
solitaire Pricing - Are Diamonds A Good Value In Today's Market?
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