Tuesday, April 29, 2008

Diamond Pricing - Are Diamonds A Good Value In Today's Market?

If your diamond was purchased in 1970, and it was a D color, and flawless, and weighed 1.00 carat, you probably paid around $3500.00 for it. If you purchased that same diamond in 1980, you would have paid $63,000.00 for it. The same diamond, if purchased today (2007) would be around $23,000.00. These prices are based on the purchase being made in a retail jewelry store and not from the internet.

Looking at the above prices, you can see that there has been a steady increase in prices since 1970 with the exception of 1980. From $3500.00 to $23,000.00 is about a 650% increase. This is about the same increase as gas prices for the same period in the US.

If we look at 1970 to 1980 we see a jump of around 1800%. What happened? From 1979 to 1981 diamonds were being sold as investments. Consumers were being told that top quality diamonds were in short supply and would continue to rise in price. This was not true. However, consumers continued to purchase them at a record pace and a record price. In 1981 the bottom fell out and the market collapsed. Over the next few years there was an up and down cycle and finally the market settled back to where it would have been had there been no so called investment craze.

Millions of dollars were lost during this crash and many were left holding diamonds that they would never recover their money from. I still do appraisals today on diamonds from that period, and many hope they can recover their $63,000.00 on a stone that is now worth around $23,000.00. And some of them still want to shoot the messenger. (Appraiser)

During this period most of the diamonds were sold with Diamond Grading Reports, or what became known as Certs. The Gemological Institute of America (GIA) issued most of these. However, other laboratories started to spring up around the world. The top labs issuing grading reports today are GIA, AGS, EGL, and IGI. In my opinion the two that set the world standard today are the Gemological Institute of America (GIA) and the American Gem Society (AGS).

When you purchase a diamond in todays market, whether it is from a retail jeweler, or an internet seller, it should have one of these Grading Reports. Buying on the internet has its advantages. Lets take the $23,000.00 diamond that we discussed above. This diamond can be found on the internet for around $18,000.00. Thats quite a savings. All you need to do is find the stone that you want, place your order, and in about 2 to 3 days it will be delivered to your front door. If you dont like it, or it is not what you wanted, most companies have a 30 day return policy.

When buying from a retail jeweler you usually have several choices of stores in your local area which allow you to visit them, and talk to a salesperson face to face. The salesperson should be able to show you several diamonds that meet your criteria and thoroughly explain them to you.

I asked at the beginning if diamonds were a good value in todays market. My answer is yes as long as youre buying the stone for all the right reasons. The right reasons will be different things to different people. It might be for you to wear yourself, or give as a gift, or the most special of all to give to that special person as an engagement ring. Just keep in mind that a diamond is bought as an investment in beauty and not as a financial investment.

James Greene is a Graduate Gemologist and Master Gemologist Appraiser currently doing appraisals in Southeastern Pennsylvania. He has over 25 years in the jewelry and appraisal business. http://www.diamondmarketwatch.com

Discover The Simple Tricks You Can Use To Prevent Cold Sores

If you are someone who gets cold sores, then you should know many of the methods of prevention to ensure you get them as little as possible. There are many things you can do to minimize your chances of getting cold sores on your lips.

Not only can cold sores be annoying, but they can be extremely painful. They can also spread. If you are someone who is susceptible to them then you know that you can have multiples sores on your lip at the same time. This is because the fluid inside the sore is extremely contagious and any part of the skin or lip it touches will cause another one to appear.

Many people get cold sores when they have a low lysine level in their body. Other people get them when they are under a lot of stress.

If you get cold sores there are several things you can do to ensure you don't have a breakout. It's important you take the right steps to minimize your chances of getting an outbreak.

Sun exposure is a factor that can be responsible for causing cold sores. You should make sure to use sunblock when appropriate and always keep moisturizers on your lips to prevent a breakout when you are in the sun.

If you already have a cold sore and you want to prevent it from spreading, then you shouldn't touch it. Don't pinch, squeeze, or pick at the blister because the stuff inside of the sore will spread. If you do find yourself touching your cold sore then you should wash your hands as much as possible.

Preventing cold sores also means taking plenty of vitamin C and Lysine. Lysine vitamin deficiency is known to be the biggest cause of outbreaks. You should look into taking lysine vitamin supplements. This will lower the amount of outbreaks you have and help to prevent them.

No one likes getting a cold sore, but you can use the above tips to help prevent them from being a nuisance in your life. You can do certain things to prevent them like take plenty of vitamin C, Lysine, and stay out of the sun to prevent dry and cracked lips. Always keep your lips moisturized and be sure to eat a healthy diet.

Click Here to learn about a natural method of healing cold sores in less than 3 days.

It's a proven way to stop colds sores that you can start using right away!

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