When the economy is in a decline, the controlling powers of the diamond underworld will take full advantage. They will send scouts into the open markets, retail as well as wholesale, buying up only the most desirable and demanded diamonds. Predominantly they will focus in the colorless and near colorless ranges, purities of SI2 and better, and finer cut diamonds.
Why do they do this? Simple answer: Short the supply to the diamond markets and maintain a constant demand for desirable goods. That way prices will stay up and the diamond monopolies can continue to maintain financial strength throughout the diamond world.
Conclusion: Do not buy based on a depressed economy, but rather buy your diamond, engagement ring, etc when you need it and can afford it. For further questions, guidance and assistance please feel free to contact me via www.jonnyritz.com
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