If your diamond was purchased in 1970, and it was a D color, and flawless, and weighed 1.00 carat, you most likely paid around $3500.00 for it. If you happen to purchased that very same diamond in 1980, you'll have paid $sixty three,000.00 for it. The same diamond, if purchased as we speak (2007) would be round $23,000.00. These prices are based mostly on the purchase being made in a retail jewelry store and never from the internet.
Wanting at the above costs, you'll be able to see that there was a steady improve in prices since 1970 except 1980. From $3500.00 to $23,000.00 is about a 650% increase. That is about the identical increase as gas costs for a similar interval in the US.
If we take a look at 1970 to 1980 we see a jump of round 1800%. What occurred? From 1979 to 1981 diamonds have been being sold as investments. Customers have been being told that fine quality diamonds have been in brief supply and would continue to rise in price. This was not true. However, consumers continued to buy them at a record tempo and a document price. In 1981 the underside fell out and the market collapsed. Over the subsequent few years there was an up and down cycle and eventually the market settled back to the place it would have been had there been no so called funding craze.
Thousands and thousands of dollars were misplaced throughout this crash and lots of were left holding diamonds that they'd by no means get better their money from. I still do value determinations as we speak on diamonds from that period, and lots of hope they can recover their $63,000.00 on a stone that's now price around $23,000.00. And some of them nonetheless want to shoot the messenger. (Appraiser)
Throughout this era most of the diamonds had been sold with diamond price singapore
Grading Reports, or what became often known as "Certs". The Gemological Institute of America (GIA) issued most of these. However, different laboratories started to spring up around the world. The highest labs issuing grading reports at present are GIA, AGS, EGL, and IGI. In my opinion the 2 that set the world standard at the moment are the Gemological Institute of America (GIA) and the American Gem Society (AGS).
When you buy a diamond in today's market, whether it's from a retail jeweler, or an internet vendor, it ought to have one among these Grading Reports. Shopping for on the internet has its advantages. Let's take the $23,000.00 diamond that we discussed above. This diamond could be found on the internet for round $18,000.00. That's fairly a savings. All you'll want to do is locate the stone that you really want, place your order, and in about 2 to 3 days it will be delivered to your entrance door. In the event you do not like it, or it is not what you wished, most firms have a 30 day return policy.
When buying from a retail jeweler you usually have a number of choices of shops in your local area which allow you to visit them, and discuss to a salesperson face to face. The salesperson must be able to show you many diamonds that meet your standards and completely clarify them to you.
I requested at the beginning if diamonds have been a great worth in right this moment's market. My answer is "yes" so long as you're shopping for the stone for all the appropriate reasons. The proper reasons will likely be various things to completely different people. It may be for you to put on yourself, or give as a gift, or probably the most particular of all... to provide to that particular person as an engagement ring. Just remember that a diamond is bought as an funding in beauty and never as a financial investment.