Diamond Market Reflections

It was interesting to note the peculiar contrast between stock markets (low consumer confidence + external factors) and jewelry auction houses (many items were sold for more than their pre-sale estimates because of strong interest + cash) + Is there a link between rise in prices of large size, high quality diamonds and sharp rises in oil prices? Experts believe the two are connected as petro-dollars seek alternative investment opportunities + What's intriguing this time was not the Sheiks from the Gulf region, but rich buyers from China, India, Indonesia, Singapore, Thailand, Argentina, Greece and Russia + My view is the scarcity of top quality diamonds (5+ carats +), both colorless and colored, is what driving the prices high + De Beers is not finding that many new top-quality stones + it's a new world with new players and a lot of cash!