Wow, what a shocker! According to a recent article in Bloomberg News, the De Beers diamond cartel is seeing another opportunity to raise diamond prices, yet again. They are using the reasoning that a tight credit market in late 2014 was why the fourth quarter on 2014 saw a decline in revenue. De Beers always has some excuse for an annual price increase. Even though they do not sell polished and cut diamonds, they do control the majority of the world’s sales of rough diamonds. The sales of rough diamonds are by invitation only to De Beers authorized sight holders that are the only ones authorized and approved by De beers to purchaser their rough diamonds.
Rising diamond prices are nothing new. It’s almost a certainty that the powers that be dial in a pre-calculated price increase on diamonds on a regular basis. The rise in the prices of rough and unpolished diamonds are passed along to the finished, cut and polished diamonds. In turn, the increased cost of industrial diamonds and jewelry also experience the price increases that are pushed through the pipeline to the final consumer.
These are the times we are reminded that alternatives to mined diamonds like Ziamond’s hand cut and hand polished Russian formula cubic zirconia are a fantastic money savings option. Ziamond diamond quality cubic zirconia look and wear just like diamonds with a lifetime warranty. The affordable prices, superb brilliance, durability along with the diamond like characteristics are just a few of the reasons Ziamond lab created diamond simulants make the perfect alternative to expensive diamonds. Don’t fall for the continual rising diamond prices. Your hard earned money goes much farther with a Ziamond piece of jewelry, while the remainder of the money you may have spent on expensive diamonds could be put to better use, like other investments that actually help your money grow.