Whiteflash-Diamond Playground

From IDEX - Global polished diamond prices rose sharply in December 2007, according to the IDEX Online Polished Diamond Price Index. Driven by price surges of large polished gemstones in the 3.0-to-5.0 carat size range, polished diamond prices in December 2007 were up nearly 5 percent over the same month a year ago, and polished diamond prices rose by 1.2 percent in December over November 2007, the largest month-to-month gain of the year. The outlook for polished diamond prices is bullish. While the U.S. jewelry market appears to be soft, other regions of the world are posting solid sales gains for diamond jewelry, especially for larger carat, high quality goods. As long as the demand for diamonds and diamond jewelry remains strong, prices will likely rise. The graph below summarizes the IDEX Online Polished Diamond Price Index from the beginning of 2006 through December 2007. This graph represents the composite average prices of all diamonds traded at the wholesale level. It is clear that diamond prices are posting solid, consistent gains, especially during December 2007. (full story)