Loose Diamonds

Diamond Trading Diamond trading was slow in May.  Some hold high expectations for diamond trading at the JCK trade show.  However, some are concerned about the scheduling of the event.  As it is held during the weekdays.  Suppliers are trying to hold onto polished profits during diamond trading.   Rough diamond prices rose 1% to 2% during De Beers auction...

The Pink Star diamond was cut from a rough stone weighing 132.50 carats. After the diamond was cut and polished it weighed in at 59.60 carats. The color grade is a phenomenal strong hue of pink, defined officially as fancy vivid pink.

1-800 Loose Diamonds maintains an extensive inventory ranging from .01-20+ carats. Furthermore, 1-800 Loose Diamonds entire inventory listed is privately owned. Located in the Los Angeles Jewelry District 1-800 Loose Diamonds has access to thousands of wholesale dealers not open to the public.

There were shortages in select categories as manufacturers levels were restrained in the fourth quarter.

Diamond dealers have drastically reduced their purchases from diamond cutters which has affected the overall market flow. Diamond dealers also expect that jewelry manufacturers will follow suit and not purchase new inventory for the upcoming holidays. As of July there was little rough diamond cutting and manufacturing coming into the market with plenty of polished available.

The obvious negative ramifications of over grading and misrepresenting diamond quality to hundreds of thousands of consumers are clear; the damage to the diamond industry by the establishment, acceptance and support of a culture that promotes systematic misrepresentation of diamond quality of the outright cheating of consumers destroy the diamond trade from within Accurately Grading Diamonds preserves the trade and keeps it ethical, which is the essential to good industry practice.

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While few dealers argued that point, manufacturers countered that there not only being squeezed by reduced bank credit, but by rough prices remain high in a declining polished market. DeBeers maintained relatively stable prices at the December site, which closed with an estimated value of $600 million. Rapaport estimates that DeBeers rough sales rose 14% to more than $6.5 billion in 2014, boosted by price appreciation and a stronger than usual second half of the year.

"The DeBeers stock at the time of Asian currency crisis of 1997/1998 had a value of several billion dollars. Our senior management questioned whether holding such a large stock was a sustainable and efficient use of capital," Davies said, "and this triggered a strategic review that resulted in a decision to liquidate the stockpile over a number of years." Responding to that claim, Vanderlinden said, "we can only take them at their word. Nobody really knows. The truth is probably somewhere in the middle."

Surprisingly, Canada's production has actually fallen 5 percent to $1.91 billion in 2013, however Canada is still ranked as the third-largest producer of diamonds worldwide. In regards to volume, Canada's production has risen around 1 percent to its peak at 10.565 million carats. Meanwhile, the average price declined 6 percent to $180.52 per carat. Canada is followed by Namibia. Namibia's production has risen 15 percent this year to $1.36 billion from 1.689 million carats as the average price also jumped a heaping 46 percent to $805.24 per carat. This jump was a profound one. Angola is found finishing up the top 5 countries in their production rankings. Angola has production up 15 percent hitting $1.28 billion from 9.36 million carats and an average price that has risen 2 percent to $136.49 per carat.