created: Mar, 04 2011
Ramat-Gan - Prices of polished diamonds increased dramatically in February, rising 1.5 percent compared to January and 8.5 percent year-over-year, according to the IDEX Online Polished Diamond Price Index. The rise brought average prices to 4 percent short of their record level in August 2008.
Emphasizing a mixture of optimism and retailers willingness to yield to wholesalers’ pressure, the average price increased by about 2.9 percent between February 1 and February 28, the sharpest price increase since the recovery cycle began nearly a year ago.
At the end of February, the IDEX Online Polished Price Index stood at 124.5. The Index peaked at a record 128.9 during August 2008, just as the global economy was about to drop into a major recession.
Several factors drove the price increases: Continued pressure by manufacturers to increase polished prices to maintain their margins have finally succeeded; a need to finally renew inventories after the decent holiday season; growth in emerging markets--mostly China; continually rising rough diamond prices; and the upcoming Hong Kong trade show, for which expectations are high.
Prices of 1-carat, 4-carat and 5-carat goods rose on average more than 2 percent in February compared to January. Year-Over-year, 3-carat goods climbed the most, 24 percent on average. Other large items were not lagging far behind, with prices of five-caraters growing 16 percent, four-caraters adding 14 percent to their price and 1-carat goods increasing by 10 percent.
Added an asscher cut center stone for this ring and my soon to be wife was so happy with this. Its a very nice ring for only 900 bucks. The service that this company gave was superb.
Excellent service. Ring is amazing!!!
This ring that I bought came out very stunning. I ordered it and it got delivered the day after. I compared it to other jewelry stores on malls and on other websites and it just proved that I had a very good deal!
I received my beautiful Princess earrings on Thursday!! The Princess are so bright and shinny absolutely perfect. I have received so many compliments from friends. I still can´t believe how affordable it was! We will seeing you in about six mon...
Wow, just a lovely pair and at this low price.
Holy Cow!! What a beautiful setting. The pictures just do not do it justice. The staff at DoN are wonderful and very helpful. We had called them and inquired about the setting to see if it would hold my sapphire. Grace and Sam were very helpful in an...
good
I've been looking around for this ring for months and you have the best deal for it. I didn't believe it at first that it is the same thing, but when I saw the consignment ring you sent me: It's the one! That is a good risk free option right there.
It was a great 10 anniversary gift for my wife and I know she loves it!
Item arrived just as promised before wedding date. The process was much easier than buying at a store. I already recommended you to some of my friends.
nice
It is a gorgeous earring. I am so glad I have it. I look forward to buying from you again!
This is an absolutely GORGEOUS setting. Great customer service, nice craftmanship, A+!
Comfortable and a simple platinum ring.
Diamond on net has excellent response time and was flexible with my needs. All around great!!!
Superb piece, fast free delivery, very good customer service and my girlfriend loved the earrings... I saw tears on her eyes. I would definitely do business with diamond on net again and plan to for our engagement ring before the end of this year. I ...
I have just received my ring. it looks beautiful, and it is exactly like i wanted it to be. Thanks to Sam and Beth for help. Alla.
Gorgeous, feminine, simply lovely! Thank you!
An unbelievably nice eternity ring :)
Dear Sam and Beth, I must tell you again how beautiful the rings are. Both my fiance and I love them. They are truly art at its absolute best. Also, I must again say how wonderful you made the buying experience for me from afar. Your customer ...