Interesting article on current diamond and gold values:
- Thread starter ame
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"dear DF, Did you know that according to bloomberg polished diamonds are still "grossly under valued". I think that as an investment, I'm going to need some studs. For pure investment purposes! Absolutely no self interest! I'm thinking of our future after all..."
Haha! I think that may work! Jk! Need to start saving for that honeymoon!
The diamond and metal market has been everywhere over the last few months it ridiculous and the supply isn't there as it was. My cyber stalking of diamonds and jewelry shows lots of increases from couple hundred of dollars on settings to thousand on diamonds. I just wonder where its going to stop!
Has platinum been increasing as much as gold? Its always been so interesting to me that the resale value of gold seems better than platinum even though platinum cost more initially. Or maybe what I've seen is wrong? I don't resell jewelry so I'm not really sure but it seems like people are more willing to accept gold for trade than platinum. Or is it just that platinum isn't as likely to be traded since gold is more common?
Haha! I think that may work! Jk! Need to start saving for that honeymoon!
The diamond and metal market has been everywhere over the last few months it ridiculous and the supply isn't there as it was. My cyber stalking of diamonds and jewelry shows lots of increases from couple hundred of dollars on settings to thousand on diamonds. I just wonder where its going to stop!
Has platinum been increasing as much as gold? Its always been so interesting to me that the resale value of gold seems better than platinum even though platinum cost more initially. Or maybe what I've seen is wrong? I don't resell jewelry so I'm not really sure but it seems like people are more willing to accept gold for trade than platinum. Or is it just that platinum isn't as likely to be traded since gold is more common?
Platinum is way up too but the spread that is usually huge between gold and plat is MUCH smaller than normal. There've been times in the last couple yrs where gold exceeded platinum or was really REALLY closely priced. Platinum did go down for a bit, but not by a lot. The fact that gold is up THIS MUCH is a big deal tho. It's because there's usually always major value in gold when the market sucks and people can sell it for cash when times are bad and they have gold. If I didn't need to majorly work on my crappy house, Id so upgrade 
Investing in precious metals and stones is a heavy gamble. I think the best reminder of this is in the movie, Casablanca. They camera pans through Rick's, and you see a scene where a woman is trying to sell an exquisite diamond bracelet. She is devastated when she is told that the bracelet is worth less than she needs because, "the market for diamonds isn't good right now" (paraphrase)
Gold tends to be a strong seller because it is very useful for electronics, as well as being considered a monetary unit. If you don't like a gold piece any longer, you can easily re-work it, or sell part of it.
If you don't like a diamond, you can have it reset, but there is a lot of waste if it is re-cut.
Also, gold is gold. It doesn't change in value based on where it comes from, who appraised it, and how much you have. It's also very difficult to sell diamonds for anything approximating their true value, unless it is above a certain size.
Platinum and silver are highly volatile. Both metals attract the speculators in droves. Last year, when gold hit 1200 - Platinum was at 700! Now, it's at 1800. Likewise, silver has increased from 18 to 45 (I remember when it was 9, and gold was 300 - those were good days). Silver hit $50 for about fifteen minutes on Tuesday.
The value of precious metals seems to depend on desirability, scarcity, and the amusement of speculators.
Gold tends to be a strong seller because it is very useful for electronics, as well as being considered a monetary unit. If you don't like a gold piece any longer, you can easily re-work it, or sell part of it.
If you don't like a diamond, you can have it reset, but there is a lot of waste if it is re-cut.
Also, gold is gold. It doesn't change in value based on where it comes from, who appraised it, and how much you have. It's also very difficult to sell diamonds for anything approximating their true value, unless it is above a certain size.
Platinum and silver are highly volatile. Both metals attract the speculators in droves. Last year, when gold hit 1200 - Platinum was at 700! Now, it's at 1800. Likewise, silver has increased from 18 to 45 (I remember when it was 9, and gold was 300 - those were good days). Silver hit $50 for about fifteen minutes on Tuesday.
The value of precious metals seems to depend on desirability, scarcity, and the amusement of speculators.
below is history charts for all metals, please point out where you saw gold was at $1200 whilst platinum was only $700?
select any year you wish to compare
http://www.kitco.com/londonfix/gold.londonfix10.html
Thanks for posting those charts! I was relying on my memory (I purchased a solitaire necklace at that time, and the platinum setting was cheaper than the gold) But the time I was remembering was:
2008-12-16
Gold: 833.50
Plat: 833.00
Gold hopped up $400 within a month... but so did platinum. Slight temporal dislocation.
You got lucky to have the platinum setting at that time.
Platinum is going to be sky high as demand and dry up from lacking of natural.
To bump this:
They're going UP more more more.
http://www.rapnet.com/News/NewsItem.aspx?ArticleID=36031&ArticleTitle=Market+Comments+6/10/2011
They're going UP more more more.
http://www.rapnet.com/News/NewsItem.aspx?ArticleID=36031&ArticleTitle=Market+Comments+6/10/2011
Just to compare from when Lec and I were shopping... Prices taken from gog inventory. In February:
1.54 g si1 h&a was roughly $14500 and now exact stone is listed as $18330
1.29 f vs1 august vintage round was $13300 and now exact stone is listed as $18,400
These were prices of two other stones I also considered but have been sold:
1.26 g si1 h&a was roughly $8650 (same budget is now for a 1.23 I si2)
1.51 h vs2 h&a was roughly $12800 (same budget now wouldn't even get you the same size and color with clarity at si2!!!)
This is just ridiculous! If I rebuilt my engagement ring again with exact specs and setting I'm looking to pay about of 35% more than I did in February.... That's less than 4 months ago!!!
1.54 g si1 h&a was roughly $14500 and now exact stone is listed as $18330
1.29 f vs1 august vintage round was $13300 and now exact stone is listed as $18,400
These were prices of two other stones I also considered but have been sold:
1.26 g si1 h&a was roughly $8650 (same budget is now for a 1.23 I si2)
1.51 h vs2 h&a was roughly $12800 (same budget now wouldn't even get you the same size and color with clarity at si2!!!)
This is just ridiculous! If I rebuilt my engagement ring again with exact specs and setting I'm looking to pay about of 35% more than I did in February.... That's less than 4 months ago!!!