Industry Update

%Jeweler NYC %NYC Wholesale DiamondsDiamond Prices Rise.  The Beginning of a Trend?

NYCWD President Keith J. Saxe has projected significant diamond price increases in 2018 as interest rates rise.  Values still exist in abundance.  The following is from our leading trade publication.

Steady demand and firm prices.  Chinese orders slow down as focus turns to consumers for Chinese New Year.  Rising expectations for Year of the Dog, after China’s gold, silver and jewelry sales +6% to 47.2B in 2017.  Strong rough market during $665M De Beers sight, with dealers selling boxes at estimated 6% average premium.

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