Diamond Prices rising world wide

Last week, London based diamond conglomerate De Beers, most widely known for their control over about 60% - 65% of the worlds rough diamonds, raised the price they charge to their dealers on rough diamonds by about 12%!

This threw the entire diamond and jewelry industry into a tizzy over what will happen with the prices of polished diamonds, and exactly what we expected to happen did.

The price of polished diamonds jumped between 8% - 12% this week. If you happen to be in the market as we speak, looking for that special diamond, for your soon to be fiancé, don't be surprised if all of a sudden diamonds seem to be more expensive.

You may ask, what's the difference between rough diamonds and polished diamonds? Simply put, rough diamonds are diamonds in their natural form, as they have been pulled from the earth.

Polished diamonds are what we all treasure for their exquisite beauty in the way that diamonds have the unique ability to reflect light, after they have been polished into the beautiful diamonds that we see in our jewelry.