Recently, I was asked to provide an expert opinion for an interview with Beyond4Cs; a website dedicated to consumer education. Over 100 industry experts were interviewed including appraisers, wholesalers and retailers.
The following is an excerpt with my response –
“While we are busy through-out the year with our custom engagement ring designs, I communicate to our clients that the best time to buy a diamond for their engagement ring is after the holidays (January) through August.
Why? Having spent 10 years in the wholesale diamond industry, this is the time when loose diamond pricing seems to start creeping up – August to December. Although the buying season seems to begin later with each passing year, this is typically when retail store merchants begin buying for the Holiday season. The wholesale diamond trade knows this and therefore pricing edges up accordingly.”