Van Cleef & Arpels: Current Worldwide Prices
- Thread starter misschaslyn
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yikes! mind me asking where you are located?
and do you know how much of an increase it may be?
For what it's worth, my NYC flagship SA has not heard of any price increase. I will say from past experience, they generally don't announce them until a couple of weeks before.
I was wondering why the last increase didn’t seem to affect Canadian prices. This must be the reason!
I was just in VCA and the SA said there will be an increase in a week or two, and she was vague about the amount but made it sound high. She said something about diamonds being more expensive now, and therefore to expect the price to go up significantly. I’m not sure if this was just a sales tactic or if it were true as she’s not my regular SA.
Someone in the FB noted a price increase the other day and specifically said that because about 1/3 of the diamonds are sourced from Russia, there is an impact.
I haven’t heard anything about VCA price increase yet, but it doesn’t surprise me VCA has to increase the price of their jewelry soon.
I am not sure if ladies here follow the Diamond price trend recently, we finally see a uptrend in Diamond price after a stagnant price trend for a decade.
Here is the diamond price trend chart from pricescope.
The diamond price increase is partly due to diamond jewelry demand increase during covid period, plus a labor shortage in diamond cutting and polishing process. Then De Beers increased the rough diamond price by 8% early this year. And now, diamond price may be further impacted as world’s 1/3 diamond supply comes from Russia... So, I think the inflation pressure is real. Hard assets will likely continue to go up in price given all these factors that are driving up the costs of raw materials and every step in the manufacturing processes.
I am not sure if ladies here follow the Diamond price trend recently, we finally see a uptrend in Diamond price after a stagnant price trend for a decade.
Here is the diamond price trend chart from pricescope.
Natural Diamond Prices - March 2022
Interested in the state of diamond prices? This blog post is a report on the average price of round diamonds for the month of March 2022.
www.pricescope.com
The diamond price increase is partly due to diamond jewelry demand increase during covid period, plus a labor shortage in diamond cutting and polishing process. Then De Beers increased the rough diamond price by 8% early this year. And now, diamond price may be further impacted as world’s 1/3 diamond supply comes from Russia... So, I think the inflation pressure is real. Hard assets will likely continue to go up in price given all these factors that are driving up the costs of raw materials and every step in the manufacturing processes.
I just saw on Instagram that there will be a price increase between 8-10% on May 8
I’m not sure, this is all the info I can find.
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My SA just told me it's only for pieces over $100K. Fortunately, I don't have to worry about that.
Taty was wrong before on a cartier increase so I don’t know how reliable she is. I find it hard to believe vca would increase by that much but perhaps I’ll eat my words next month! Let’s all cross fingers it’s not too bad.