Diamond prices in 2020?

TreasureHunter

TreasureHunter

Well-Known Member
How are diamond prices moving currently?

Are they also soaring just like gold? Is there are chart regarding diamond price trends during the current Corona pandemic?
 
:rolleyes: :rolleyes: :rolleyes:
" Investment diamonds " have been getting dumped in the last 6 months :eek:
I know a couple of dealers who want touch them at all these days
But I'm sure there are those who are still buying
 
66rounds said:
Diamond prices? You can grow them in a lab mate, what prices are you talking about.
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I know a few things about diamonds. Grading, shape etc. But pricing has always perplexed me.

Currently, I heard some people are buying diamonds. And I was wondering whether they're a good (or bad) buy. Prices can go up as well, regardless whether they are grown in a lab or not.
 
TreasureHunter said:
I know a few things about diamonds. Grading, shape etc. But pricing has always perplexed me.

Currently, I heard some people are buying diamonds. And I was wondering whether they're a good (or bad) buy. Prices can go up as well, regardless whether they are grown in a lab or not.
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Let them know I have some for sale, can't find a place to get rid of the damn things.
 
I think the only diamonds worth investing are pink diamonds but they start at 20k+
 
Weren’t opals big in Aus at one point? Bit before my time but was curious what the buzz was about
 
heartastack said:
Weren’t opals big in Aus at one point? Bit before my time but was curious what the buzz was about
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Still are
I have a mate still making $ in Opals
Not much $
He has a partner in Lightning Ridge which helps
And his been in the game all his life.
Not many people in Aus can do what he does
 
0-Jewelled-Tiger-2.jpg


https://www.perthmint.com/catalogue/loose-argyle-diamonds.aspx
 
spannermonkey said:
Still are
I have a mate still making $ in Opals
Not much $
He has a partner in Lightning Ridge which helps
And his been in the game all his life.
Not many people in Aus can do what he does
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I can already see Coober Pedy with a Midnight Oil backing track. Well, INXS "Listen Like Thieves" would suit it as well.
 
Eddy Elzas... also known as "the rainbow child."

There used to be more information about him in the internet in the "old days", but sadly it is lacking now. Here is one link anyway... not the best
https://gulfnews.com/uae/eddy-elzas-king-of-coloured-diamonds-1.472265

I saw a documentary on this guy decades ago, and basically, the story is this: He worked in the family business of diamond dealing (Antwerp) in the days before coloured diamonds were actually valuable. In those early days, the clear diamonds were shipped in a box, resting on a bed of ground-up coloured diamonds - for the coloured diamonds were regarded as worthless. Eddy loved the coloured diamond dust, and so he thenceforward asked his suppliers to ship him the coloured diamonds whole and intact, and this is how he built up the world's most famous collection of coloured diamonds, known as "The Rainbow Collection." He has five red diamonds in his collection, which he calls the rarest colour.
 
just buy BTC if you’re thinking about diamonds as investments... pretty much monopolised by DeBeers et al. and they hv heaps in storage that can dump for a price of silver now..
 
bubblebobble2 said:
just buy BTC if you’re thinking about diamonds as investments... pretty much monopolised by DeBeers et al. and they hv heaps in storage that can dump for a price of silver now..
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Diamonds might not be the best investment.

But cryptos? Worthless digital fiat not backed by anything that get pumped and dumped (like bitches) and keep collapsing. These are NOT STORES OF VALUE.
 
Pay attention to what Eddy says between 0:55 - 1:05, as this is a testament to the influence of Eddy's collection. Remembering that originally, the coloured diamonds were regarded as worthless, but Eddy helped change all that.


As you can see, there are red diamonds galore now, but in Eddy's experience - when he was building the rainbow collection, he regarded that colour as being the rarest.
 
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