Well summer vacation is coming, and before we go away for the 4th of
July we want to tell you about the las Vegas antique and diamond show.
The Las Vegas antique show really gives diamond and antique dealers a good feel for where the jewelry business is heading. Here are our thoughts:
1). It seems the Indian market is slowing down (as we write this blog), due to their currency decreasing by approximately 20 percent, so the Indian market was quiet. The rest of the far east (specifically china) was a bit on the quiet side as well.
But, as we stated before, we see a resurgence of the Arab markets,
specifically fancy yellow diamonds and larger white fancy shape diamonds.
It also seems that the big u.s. Market is at a stand still and the
European markets are quiet due to the whole european crisis.
Pristine antique jewelry, specifically antique engagement rings and
diamonds, are still bringing very strong prices. Even though the
worlds markets have quieted down there still are many people who
want antique jewelry and diamonds. The supply of diamonds and
antique rings are very low so this is also keeping the prices very
strong. So nothing has really changed in the fact that the supply of larger white diamonds, fancy colored diamonds and antique and estate jewelry have kept the prices sizzling for the near future. However, as we know, the more things stay the same the more they change.
Our next blog will be about the upcoming hong kong jewelry show…have a good holiday