Diamond wholesalers reported an estimated 391% increase in imports brought into the U.S. the month of February, in what some see as a bell-weather for a luxury market rebound.
According to an article released this morning on Reuters India the influx of inventory should give new diamond customers an increased range of choices uncommon in years past. Stores and customers alike can look forward to an attractive supply in the next sales quarter and the article quoted diamond consultant Charles Wyndham saying, “a (price) correction would be temporary and then things will pick up … the trend lines remain positive, very positive,”
The International Diamond and Jewelry Exchange (IDEX.com) measures inventory fluctuations within the industry. Its online report showed stagnant percentages May – November 2009 starkly contrasted by a steady 5% increase in demand December 09-April 2010.
In the mean time, Estate inventory and prices remain very competitive. To back up demand, we’ve recently stocked a healthy supply of 1ct – 2.5ct stones in our showroom cases, among a colorful array of gemstones and vintage pieces.
If you’re interested in anything in particular or have any questions, check out our updated site feature, “Ask Our Goldsmith.” Be sure to join our mailing list as well for exclusive sales opportunities and inventory updates.
BH
