International diamond oligopolists rise in price

“Diamonds can maintain their value and increase value! In the beginning of the year, a guest spent 700,000 yuan to buy a three-carat diamond ring, which can now sell for nearly 1 million yuan.” Recently, the Herald reporter heard a waiter at a jewelry store on Zhongshan Road. The customer is so promoted.

In the past six months, the price of diamonds has indeed played pole vault. The price has been adjusted three times in a row, and the rate of increase has reached 40%. However, some experts have warned that the threshold for investment in diamonds is not low, there is no professional knowledge to play, and there are limited channels for liquidation.

International Diamond Oligarch Consecutive Price Increase According to market open information, the diamond market started to start from the end of last year. From the end of last year to the present, half a carat or more of diamonds rose by as much as 30% to 40%, and small or medium diamonds rose at 15 Between 2% and 20%.

“This year has been adjusted three times, and the rate of increase has reached 40%. In the past, if prices were not good, prices would not be adjusted for several years.” On Friday, Mr. Li, head of the Xiamen Gemological Testing Station, told the reporter.

According to Mr. Li’s introduction, the continuous price increase of diamonds has a lot to do with market demand, but the more direct reason is that the international diamond oligarch De Beers and other consecutive price increases, “the price of raw materials has moved, and retail prices have also risen.”

The rise in diamonds is bleak, and consumers have shown the characteristics of “buy up and not buy down”. According to data from the China Jewelry Association, since last May, the national diamond sales have exceeded 1 billion yuan, an increase of nearly 30% year-on-year.

However, it is also reflected in the Xiamen industry. After several rounds of price increases, there has been a wait-and-see mood in the retail of diamonds. Guo Weizhi, general manager of Xiamen Diamond City Jewelry Co., Ltd. told the reporter that the current diamond sales were “somewhat a bit weaker” than in the same period of previous years.

Without professional knowledge, it is best not to touch diamonds to become "crazy stones." Some sensitive citizens are inevitably itchy and want to play with the wind. However, not all diamonds have value preservation and investment functions. The four major factors that determine the value of diamonds are weight, cut, color, and clarity, which are commonly referred to as “4C,” and in addition, more than 1 carat. It is more of a collection and investment value.

“The threshold for investment in diamonds is relatively high, not a single fund, and there is no professional knowledge to do.” Mr. Li of Xiamen’s gemstone inspection station stated that he does not believe that there are rumors that funds are speculating on diamonds. The phenomenon exists.

To invest, it is necessary to consider how to sell in the future and realize actual income. The actual situation is that the limited channel for the realization of diamonds is currently limited to auctions or pawn shops. Mr. Li introduced that small diamonds generally do not enter the auction, and the pawn shop only favors big diamonds.

Feedback from the pawnshop also shows that diamond pawn is not necessarily a good way to liquidate. Yu Xiang, a jewellery appraisal expert from Xiamen Qixiang Pawnshop, stated that the recent large diamond pawn prices have indeed risen. With some good quality diamonds, pawn prices can be higher, but the pawn prices for small diamonds are no big fluctuations. .