As we have done in the past we like to comment on the status of the diamond and antique jewelry business. There’s no better way to do that than by giving an update about the famous Las Vegas antique and jewelry show. Every year it provides us a perfect snapshot of the international jewelry markets and shows the current status and trends around the world. Heres what happened!
The overall picture we saw was of steadily rising prices and product scarcity. Concerning the diamond business and ultimately the antique jewelry business we have seen a continuous downward slide in the supply of diamonds. With the supply low the prices of diamonds have stayed very strong. It’s classic supply and demand: with low supply and steady demand prices stay strong.
Every year it’s interesting to see who participates in the Las Vegas show from the international community. This year we noticed that our friends from the far east, specifically our Chinese friends, did not come out to Las Vegas as much as they have in the past. We did see our friends from India who were buying strong. Unfortunately our European friends are still smarting from the recession in Europe, and were not present in significant numbers.
While clear diamonds are always a favorite among our customers, we were excited to see that fancy colored diamonds have remained very strong recently (see our favorite fancy yellow diamond engagement ring here). We noticed especially the yellow diamonds, blue diamonds and pink diamonds were beautiful this year.
As always, we pay particular attention the antique jewelry business. First and foremost the demand on antique engagement rings is at an apex which has made the supply at an all time low. Again, that means prices are rising. It seems like everyone wants antique engagement rings. Reproductions are easy to find and are being made in China, but of course theres nothing like the real antique jewelry! Pristine antique engagement rings are harder and harder to come by. We see art deco bracelets and brooches but antique engagement rings, earrings and necklaces are very hard to find.
It was a great trip, and we brought back a few unique pieces for our collection. See some favorite recent additions below: