Diamond Engagement Rings

Think diamond pricing and you can’t but think the Rapaport Index. So the layman probably hasn’t heard of Martin Rapaport but his index is famous in the diamond trade and when he talks, the diamond world or anything connected with it stops to listen and listen good.

At a recent lecture in Las Vegas, Martin Rapaport feels that the time right now in the diamond trade is full of both lows and highs. He drew the listeners’ attention to the fact that while there is evidence of the regular buyer in the regular markets cutting back on what he or she feels are the non-essentials, large stones are commanding a premium price. He puts this down to the flourishing economies in China, India, Russia and Dubai where there seems to be an ever-growing desire to own high end goods, especially diamonds – and the rarer the better. And the burgeoning middle class in these boom time economies mean that a lot of diamonds are being sold in countries other than the US – which till now was where the largest number of diamonds were sold annually.

Here’s one man who feels that diamonds really are forever and that the demand for diamonds globally will always be ahead of supply. One cause he espouses while being so much a part of the diamond industry is fair trade practices and he hopes that the diggers can also participate in the wealth that diamonds create. Finally, he feels, when one sells a diamond, you are not selling a commodity – you are selling dreams. It is these diamond dreams that will keep the dazzle of these wonderful gems shine on forever.