Diamond Prices Continue to Climb.
By Mark Hiroshi Willis
With De Beers increasing the price of their rough diamonds on average by 7%, and the increased demand for polished diamonds all over the world, we continue to see diamond prices climb.
For the Japanese market, there still is a huge gap between companies that are doing well and others who are on the verge of bankruptcy. The ones that are doing well are the cash buyers (kaitori), exporters, and those who break the mold of the typical old market style.
In January, statistics show that Japanese imports increased by 44%. However, in the market there still is a shortage of desirable goods, and market pricing is firming up. For example, just this week I had to fulfill a small order for my designer client of just 2 carats of 100per (small diamonds that measure 1.3mm). I was surprised to find many in the market were sold out.
And when it comes to one carat and above, the shortage is even bigger. I guess I will have to re-evaluate my stock and increase prices to world standards. For those who want to take advantage of Mr. Procrastination, you better call quickly.
