The record-breaking diamond boom has prompted many Americans to sell their used, unwanted or broken diamond jewelry in exchange for the highest payouts in our industry. The diamond market is the highest it’s been in over thirty years!
Why is diamond at an all-time high? There are many factors to take into consideration in order to understand the conditions that affect the value of diamond on the open market. Here are a few things that have resulted in the recent record high diamond prices:
Our Economic Crisis — When the dollar weakens, the price of diamond goes up. In our current crisis, it went up even more to achieve new highs.
Diamond & Oil Prices Are Connected — Oil producers often buy diamond to diversify their portfolios. Because oil producers have had increased earnings, they have more money to buy diamond. This increases the demand for diamond and, in turn, results in an increase in the market price of diamond .
The Recent Decline in diamond Production — There has recently been a decline in diamond production. This resulted in a decreased supply without a corresponding decrease in demand. Therefore, we have the same demand for diamond with a smaller available supply, hence an increase in diamond’s value.
Now is the best possible time to sell your diamond jewelry to Nation Diamond Buyers. Our “Fast Easy Steps” makes it very simple for Americans in all 50 states and Canadians too, to get quick cash for their Diamonds and precious metals. This is especially convenient for people living in rural areas with few if any nearby buyers.
So be smart and print your FEDEX label today!