Why are Diamond prices going up? Part 4

Why are Diamond prices going up? Part 4

People keep asking me – Fred, why are diamond prices going up so much? I hope this helps us all understand a little better. #4 Investments. People buying diamonds as investment have driven up prices. At least two huge American investment companies have bought BILLIONS of dollars of diamonds as

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Why are Diamond prices going up? Part 3

People keep asking me – Fred, why are diamond prices going up so much? I hope this helps us all understand a little better. #3 The dollar is weak. Martin Rapaport said in his Vegas speech. America is living in an illusion. 0% interest rate. Free money? America is on

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“But I can get it on the internet for cheaper” – Part 3

I like to tell Blue Nile shoppers Even with GIA reports there are degrees with in GIA reports. Many times a good SI1 could be better than a bad VS2! There are so many diamond qualities that are NOT Even listed on the report! Brightness, scintillation, position and relief of

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Why are Diamond prices going up? Part 2

People keep asking me – Fred, why are diamond prices going up so much? I hope this helps us all understand a little better. #2 The supply of diamonds is limited. There has not been a new major diamond mine found in 20 years. Also a a number of diamond

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Why are Diamond prices going up? Part 1

People keep asking me – Fred, why are diamond prices going up so much? I hope this helps us all understand a little better. #1 America has 310 million people. China and India have 2.5 BILLION people. China’s economy is projected to grow 10% this year. What that means is

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Happy clients say…

I asked Versailles Jewelers to take my old engagement ring and turn it into something new and exciting that I could wear for my daughters wedding. The result was amazing. They had taken the diamond and put in into a stunning setting with little aquamarine stones (my birthstone) completely surrounding it. The size and shape were perfect and it looked so amazing on my finger!

— Anita