Diamond Facts For You
Conflict Diamonds: Diamonds mined in rebel-held areas in Cote d’Ivoire, a West African country in the midst of a volatile conflict, are reaching the international diamond market. Conflict diamonds from Liberia are also being smuggled into neighboring countries and exported as part of the legitimate diamond trade.
Diamond Structure: Diamonds having a perfect carbon crystal lattice without defects or substitutions are colorless. Such diamond has a large band gap–meaning that the energy required to free an electron so it can move through the diamond lattice is high–and therefore is an excellent electrical insulator. Diamonds of all colors of the rainbow can be found here at Crater of Diamonds, but the three most common colors unearthed by park visitors are white, brown and yellow. Diamonds could mean frictionless medical replacement joints. Or coatings — perhaps for cars — that never scratch or wear out. Cut refers not only to the shape of the diamond, but its proportions and finish, factors that influence the final cost of the diamond. Diamonds deliver the most intense flashes and variety of colors to the eye when properly cut of any of gemstones. Cut is omitted and all diamonds are assumed to be of a good cut.
Diamond prices are subject to change based on current market conditions and are updated at least every 30 days. Diamond prices are expected to hit new highs over the next 12 months as the great divide between supply and demand widens. Prices would increase by up to 10% over the next year as the industry attempted to “balance the market”, according to respected international diamond expert, South African-based James Allan, Principal of Allan Hochreiter finance group. Diamond prices online can vary greatly depending on the market you are attempting to sell in or to. They can also vary depending on the brand name of the jewelry you are attempting to sell. Diamond prices aren’t like other commodities, diamonds have been hit by the global downturn as consumers have cut back on luxury items.
Buy diamond jewelry only from reliable stores that offer diamond guarantees that are free of charge. Should you lose or break a diamond under normal conditions, they will repair or replace the diamond at no cost to you. Jewelers and internet sites that claim similar pricing are often simply playing with the numbers. They use terms and phrases that sound like inside diamond dealers lingo, often claiming to sell at “wholesale” directly to the public. Jewelers have lights mounted on their wall in such as way that a even a poor cut diamond looks very bright. Ask your jeweler to turn the light off. Jewelers within our network have been approved and are the most dedicated in providing you the consumer with total satisfaction.
Global Diamond Trade: China’s imports of diamonds rose more than threefold in the first half of 2007, according to the July issue of the diamond industry publication Rapaport TradeWire, fuelling a rise in diamond prices of 8.4%. De Beers concurrently stated that it expected “very strong” jewelry demand in China and India to boost prices; India’s diamond imports rose 14% in Q2. China had adopted a secret policy to stockpile metals like copper and gold during recession and increase its stocks. In that way China has been using the price-crash to its benefit. Japan is the second largest market, after the United States, for the sale of diamond engagement rings.
Diamond Resources: GIA has done a great service by providing the public with a metric to compare Diamonds and by extension Diamond prices from different suppliers, jewelers, dealers. AGS (American Gem Society) follows the guidelines set by the GIA when they issue their certificate, as do all reputable labs. GIA is the creator of the famous 4Cs of diamond value and diamond grading system. GIA is not affiliated with any retailer, wholesaler, or manufacturer.
Tags: Allan Hochreiter finance group, American Gem Society, Conflict Diamonds, diamond engagement rings, Diamond Facts, Diamond Structure, Global Diamond Trade