The recent increase in prices of polished diamonds and a comparable rise within the prices for rough diamonds since July last year has hiked the cost of diamond rings and all other diamond jewelry, a senior official of the leading jewelry company has said. With this review the question have arisen, is diamond these days limited within the wedding ring?

Although merchants are trying not to pass around the cost increase to customers by minimizing their margins, according to industry specialists, the cost rise has also reinstated the investment value proposition of diamonds, Karim Merchant, the chief executive officer and managing director of Pure Gold Jewelers, said.

„With the current price hikes, consumers are now beginning to realize that diamonds are also a great expense vehicle.

„If we look at the diamond cost chart over the last fifty many years for average one carat D Loupe Thoroughly clean wholesale diamond prices, the prices have absent up from $2,700 in 1960 to $25,000 in 2010,“ he stated.

According to Merchant, using the starting with the wedding season and events like Happy Holidays, there will probably be higher need for diamond jewelry and with diamonds‘ growth as one of the greatest methods to obtain a higher yield on cost savings, this is actually the greatest time for you to buy.

International manufacturing of top quality cut diamonds is much less than 900 carats per year.

This implies, all collectively, you will find only 750 stones in between 1.00 carat to 1.39 carat D Loupe Thoroughly clean available per year within the whole world.

To produce these 750 diamonds, mining businesses have to dig over 800,000,000 tonnes of Kimberlite, the rock by which tough diamonds are found.

De Beers mentioned in November, 2008, that if diamonds are mined in the current rate, within twenty many years, we could encounter a scarcity.

Merchant said that millions of new center and high class customers in emerging markets like China and India will produce elevated demand for diamonds in the future and this will progressively push up diamond prices, as diamonds really are a thousand occasions much more uncommon than gold.

Peter Meeus, the chairman with the Dubai Diamond Trade, said diamonds are a extremely transportable shop of prosperity and also the industry is pushed by customer demand and financial development.

„With the economic system improving and strong demand from rising markets, investment value of diamonds is fortified. Traditionally marketed as an ornament, the business must do more to make awareness with the expense worth of diamonds.

„Consumers need to know their hard-earned cash is secure when invested in a commodity which has usually been in continuous need, and will even turn out to be more so in the future,“ he stated.

The high degree of rarity and also the easiness to transport tends to make for its value.

The best investment in diamond would be to put on diamonds in diamond jewelry, because it is easy to trade.

Speaking concerning the outlook for diamond costs in the close to long term, Merchant stated: „I feel polished diamond prices can effortlessly boost another 20 to 25 percent from here before the end of this year as typically during summer time, American retailers begin their buying for your Thanksgiving and Christmas season.“

Author has been working as gemologist and jewelry designer, whose trademark works are typically seen as diamond rings and special wedding ring as well as many other jewelry items.