The Most Beautiful Thing In The World...

[Perfect Diamond]

Originally Posted by YourGemologist

I have to agree with you Vanessa,

The truth is that diamond prices are still based on a monopoly and not on a system of supply and demand. If the diamond market were based on the same economic rules of the sapphire or amethyst markets, diamonds would be priced about par with pink tourmaline. Because there are about as many pink tourmaline sources as there are diamond source. In fact, there are more diamond sources than pink tourmaline when you think about it!

The day will come that diamond prices are based on supply and demand like all other gemstones. The 100 year run that DeBeers has, in the whole scheme of things, is just a burp in the market. All products bought and sold on the open market eventually become subject to the invisible hand of market pressure of supply and demand.

When that happens, diamond prices are going to fall like rocks. And only those who have positioned themselves in the market for colored gemstones are going to survive the crash.

Just like a regular stock market does, when a product that has been controlled by a monopoly becomes a product of supply and demand, the price will float based on the supply and the demand of the product.

Diamonds will one day be thought of in the same light as pink tourmaline, sphene, or chrome diopside.

I have watched the diamond market for 36 years now. And I do believe that this is going to happen. Not today. Not tomorrow. But soon.

Robert

I also notice that the price of diamonds has been dropping little by little on loose stones. This may be the effect of your theory but like I said. Gems value are not only based on availability but of beauty, durability, rarity and current fashion. Diamond is superior in beauty. Diamonds are more beautiful than tourmaline etcetera and that makes them more desirable. The prices are going to drop. But I don't think it will drop significantly bcoz their beauty are always in demand so much more than any other gems. Majority of the world's total sale of gems are diamonds. A proof that people are still buying diamonds and selling diamonds. Diamonds are used in almost everything that you can imagine. It is the stone of preference in the arts and science.

[Perfect Diamond]

Originally Posted by Eric B

..................Whateva

The photo below is a 72 ct pear shaped perfect diamond D-Flawless type IIa to be auctioned in Hong Kong this April by auction house Sotheby's for an estimated $12 million.

A wise person will never call this thing whateva. Why? Bcoz it is rare, beautiful and expensive. Do you call all the rare, beautiful and important things whateva?

I guess I shouldn't reply to a _ _ _ _ _ .

[Perfect Diamond]

Originally Posted by Perfect Diamond

The photo below is a 72 ct pear shaped perfect diamond D-Flawless type IIa to be auctioned in Hong Kong this April by auction house Sotheby's for an estimated $12 million.

A wise person will never call this thing whateva. Why? Bcoz it is rare, beautiful and expensive. Do you call all the rare, beautiful and important things whateva?

I guess I shouldn't reply to a _ _ _ _ _ .

This is it!

[Perfect Diamond]

Originally Posted by Perfect Diamond

This is it!

Sold for $10.6 million

[jewelelegance]

Now what is perfect diamond?That thing u have shown.And its really very beautiful one. i feel that is the best diamond i have seen in my life.
If u have such more collection please send it to me.

http://www.jewelelegance.com

[Perfect Diamond]

Originally Posted by jewelelegance

Now what is perfect diamond?That thing u have shown.And its really very beautiful one. i feel that is the best diamond i have seen in my life.
If u have such more collection please send it to me.

http://www.jewelelegance.com

Thanks!

I'll give you one if you promise me you will also give me Heaven...

[Rosemary]

Gosh...I haven't heard a line like that, since I met my husband...
Rosemary
ISG Student

[Stonecollector]

Originally Posted by Perfect Diamond

I also notice that the price of diamonds has been dropping little by little on loose stones. This may be the effect of your theory but like I said. Gems value are not only based on availability but of beauty, durability, rarity and current fashion. Diamond is superior in beauty. Diamonds are more beautiful than tourmaline etcetera and that makes them more desirable. The prices are going to drop. But I don't think it will drop significantly bcoz their beauty are always in demand so much more than any other gems. Majority of the world's total sale of gems are diamonds. A proof that people are still buying diamonds and selling diamonds. Diamonds are used in almost everything that you can imagine. It is the stone of preference in the arts and science.

While I totally respect your opinion, I also totally disagree with some of your points, based on my personal preferences.

You suggest diamond is superior in beauty. The determination of beauty is totally subjective and not something someone else can tell you. When you look in a parking lot, while there are white cars, most of the cars have color. When you look at what people wear, while some folks wear all white, most wear something of color. While I wouldn't debate that good diamonds aren't beautiful, they are not, IMHO, the most beautiful gemstone. Give me color, lots of deep, saturated, NATURAL, zoneless color. Give me the deep, royal, mystical blue of a Ceylon sapphire, give me the neon green (with a hint of blue) of the best tsavorite, give me the electric blue of top Paraiba tourmaline.

You suggest gemstone values are based on 'beauty, durability, rarity and current fashion'. Beauty, as I mentioned, is subjective, and in the case of diamonds, is due in a large part to DeBeers' multi million dollar, multi decade advertising campaign that has convinced many people that only a diamond qualified as an adequate expression of their love and commitment for each other. Durability...well, without question, diamonds are the most durable based on hardness. But as for rarity, I don't think that diamonds have a corner on rarity.

I totally agree with Robert, that at some point, prices will seek their 'natural' supply and demand. My passion for colored gemstones began with my search for a ring for my partner. The more I learned about diamonds, the more I knew I wanted little to do with them. I believe in free markets, and as I learned about the 'control' of the mining, distribution and marketing, the more I realized that the days of the diamond pricing structure were numbered. I learned that most colored gemstones are FAR more rare than diamonds.

Now, there are rare diamonds, and I believe those will always command premium pricing. But as for me, give me color.

[Perfect Diamond]

White diamonds are the most popular gemstones. They account 50% of all jewelry sales. Do you think these people who purchase diamonds are easily controlled by advertisers? They buy diamonds for the beauty, popularity and the romance that De Beers had put into their marketing. We not only buy jewelry. We also buy romance, art and glamour. Nobody does it better than De Beers. They have the best marketing strategy for selling diamonds that the South Sea Pearl Consortium, Pearls de Tahiti G.I.E are trying to imitate and any other could only dream about.


http://www.youtube.com/watch?v=4vXHm...2AE0F&index=12

[Rosemary]

Isn't it amazing that we all have such different tastes in gemstones? Sort of goes back to when we were kids and someone asked us what was our favorite color.

I understand the colorless diamond thing, but to me a diamond has all the colors, and very intensely. That flash of color that pierces my eyeball, and it almost hurts, but I do it over and over again, to see the green, the red, the blue...a spot in the sun and my emerald cut diamond, can keep me entertained for quite some time.

We all have distinct preferences..isn't that what drives the market?

Rosemary
ISG Student.