diamond Archives - Inflation Watch

Anticipating higher diamond prices

Dr. Duru — Sat, 24 Sep 2011 04:08:41 +0000

Investment funds are preparing to help investors chase higher diamond prices. Demand from India, China, and investors looking for trsuted hedges against the U.S. dollar are expected to keep driving diamond prices upward. For more see: “New Funds Target Expected Rise in Diamond Prices.”

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Blue Nile hit by high diamond and metal prices

Dr. Duru — Sat, 06 Aug 2011 00:17:29 +0000

Diamond prices have been going up, and Blue Nile is feeling the pinch. The online diamond retailer highlighted high diamond prices as well as high metal prices in its latest earnings report (August 4, 2011):

“While we delivered record second quarter sales and non-GAAP adjusted EBITDA, our results were impacted by rapidly rising diamond and metal prices amid a weakening consumer environment in the U.S. Despite these external headwinds, we achieved sales growth across all product categories, including double-digit sales growth in the non-engagement category.”

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Diamond prices up 17% in the first quarter

Dr. Duru — Mon, 13 Jun 2011 08:50:28 +0000

In “Diamond Prices Set To Sparkle“, CNBC reports that diamond prices increased 17% in the first quarter of this year. While the U.S. remains the biggest market for diamonds at 40% of sales, Indian and Chinese demand is rapidly rising. DeBeers thinks it may have to double output in 15 years at China’s current rate of growth. This will mark quite a turnaround for the diamond company as it turned in a loss in 2009 and required a $1B “injection” of capital to stay afloat.

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