Anniversay HW ring upgrade--Need advice please!

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#32
Hermesaholic said:
perhaps they do... actually they used to cut their own stones and now they dont. many large companies have stakes in mines but it doesnt mean they get first choice --i doubt they are a majority stakeholder
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Thanks for the explanation. I'm not too familiar with the jewelry/diamond industry. It's really interesting to see how this whole industry works. :graucho:
 
#33
lilmountaingirl said:
I didn't know diamond prices were going up. Is it significant? Where can i find info on that!? If it were me, i'd just save up for the emerald and skip the middle ring. I'm not sure how long it will take you but i'd go straight for the dream ring.
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AirMezPrincess said:
lilmountaingirl, ohhhhh yes, diamond prices are definitely going up from what I hear, espc in the next 5 years. They say get your stones now. The demands have been very strong in the Chinese and India market, which is really driving the diamond prices up. Their purchasing power has gotten stronger, and espc they are grabbing HW as the quality of their diamonds are truly the best, so their prices are continuing to increase. But not just with HW, but overall in the diamond market. The yellow diamonds will not be as strong and it is more accessible, but it won't hold as much value. So don't overspend on yellow diamonds. For the larger the stones, it is more rare and more expensive, and it will become even more rare and expensive as times goes on so it is the best investment.
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Diamonds are DEFINITELY skyrocketing. Until recently it was mostly in the rough and not the cut gems. But now the cut gems are on the rise. In the last six months alone some stones have nearly doubled in price. It's not looking like they will come back down either.
 
#34
ame said:
Diamonds are DEFINITELY skyrocketing. Until recently it was mostly in the rough and not the cut gems. But now the cut gems are on the rise. In the last six months alone some stones have nearly doubled in price. It's not looking like they will come back down either.
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You are right Ame, never down, only up and up. Per this article,

http://www.miningweekly.com/print-version/rbc-says-strong-price-rises-ahead-for-diamonds-2011-05-26

“What this means, we believe, is that diamond prices are likely to increase at rates greater than the recent past as no material new production is coming on stream,” analysts Des Kilalea andPatrick Morton said in the report.

“Based on trend analysis from De Beers, if current trends continue, China and India together are forecasted to account for 50% of incremental demand or growth in the world diamond markets over the next five years,”

According to another article written in March 2011, that Harry Winston reported record sales for the quarter ended January 31, which rose 61%.
 
#35
The biggest jumps I have seen have been in the last 3 months, like alarming jumps. It kind of hosed some of the people in the market who might have been able to afford say a full carat and ended up having to go down in size or cut back on specs.
 
#36
marialc121 said:
Thanks for the explanation. I'm not too familiar with the jewelry/diamond industry. It's really interesting to see how this whole industry works. :graucho:
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Harry Winston is a great company but like many such companies they have become brands driven by profits more so than in the past. the diamond industry is highly incestuous and bizarre!
 
#37
AirMezPrincess said:
You are right Ame, never down, only up and up. Per this article,

http://www.miningweekly.com/print-version/rbc-says-strong-price-rises-ahead-for-diamonds-2011-05-26

“What this means, we believe, is that diamond prices are likely to increase at rates greater than the recent past as no material new production is coming on stream,” analysts Des Kilalea andPatrick Morton said in the report.

“Based on trend analysis from De Beers, if current trends continue, China and India together are forecasted to account for 50% of incremental demand or growth in the world diamond markets over the next five years,”

According to another article written in March 2011, that Harry Winston reported record sales for the quarter ended January 31, which rose 61%.
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#40
ame said:
The biggest jumps I have seen have been in the last 3 months, like alarming jumps. It kind of hosed some of the people in the market who might have been able to afford say a full carat and ended up having to go down in size or cut back on specs.
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And today another 7-15% increase just happened apparently! 7-15% depending on sizes. HOLY. SMOKES.
 
#41
AirMezPrincess said:
So in regards to the dream ring upgrade...go with what you can afford now???! and upgrade again later or save up more and go for the ultimate dream?! What would you do?
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Def get what you can afford now. Especially since HW will let you upgrade later down the line. You've wanted the round for a long long time and I'm sure it will still make you really happy. And who knows, when you upgrade later, you may change your mind about the EC.

The price increase would def scare me and pressure me to buy. Even a single digit change would be significant on such a large purchase!

ame said:
And today another 7-15% increase just happened apparently! 7-15% depending on sizes. HOLY. SMOKES.
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I told DF how crazy prices have been. Even our wedding band melee would have increased the cost of my band. My center stone alone went up close to 20%, and that's GOG comparing to current WF prices. The setting jumped 10%. We would be priced out of the market for what we currently have. So in comparison, the Tiffanys price increase of 10-12% wasn't as bad. Which is strange because the loose stones are going up so much in comparison...
 
#42
I know that feeling! I got excited just reading your post! I felt that way when I put on my yellow diamond pendant... perfection!

BUT... I really think you should go with the round... I wish you had pics, both sound GORGEOUS! But $240,000 (I think was the difference?) isn't exactly a "few thousand more", kwim? It's $240,000 more than a $100,000 ring!!!!!!!! :shocked::laugh::faint:

Normally I'd say go with the bigger one (if you need enabling I'm your girl) but I just can't!! Even though I don't know your financial situation (which sounds heavenly!)... it's just too much difference IMHO. And if you do have that money to play with, you could buy some AMAZING sparkly things to match that ring with it! There is ALWAYS going to big a bigger ring... and I kind of think that that kind of jump is hard to justify? Especially if you've always loooved that round. I worry if you got the 4ct EC if enough would ever be enough? Unless you're Oprah in which case, buy away! haha.

This thread is so out of my league!! :p I was in shock after I read $100,000... when I got to the EC I almost fell off my chair! :smile1:

I think if there was a 20% difference in price I'd for sure say go for it ... but this is like 200+% more!
 
#43
AirMezPrincess said:
So in regards to the dream ring upgrade...go with what you can afford now???! and upgrade again later or save up more and go for the ultimate dream?! What would you do?
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I'm so torn on this, OP. At first i said get the EC. Then i said get the round because of the pricing trends. But i really think it depends on timing here. If you can get the EC in six or eight months or so i say go straight for that one. If it's more like a year or several, i say get the round and the EC later.
 
#44
I would get the round now no matter what because of price increase. If you try to save for the EC and decide later it's just too much, that round could be $150k by then.
Devils advocate, if you really want HW, I understand, but just so you know, 4ct EC are around 100-130k elsewhere. If HW isn't as important as the ring itself and you really want a large EC, with a little research and help from some of us diamond hounds, you could have a 4ct EC. On the flip side, if it's a HW your dreaming about, then go get that RB ASAP!
 
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