The jewelry buyers in New York are paying a significant amount of money for diamonds. Most realize that diamonds will fetch a solid price on the market. How could diamonds not sell considering the value? That said, far too many sellers are under the assumption that only gold is the hot commodity in the market. This is true. The value of gold has definitely made it prized among the jewelry buyers in New York. Diamonds, too, are sought after by the buyers and their customers.
The reason why diamond jewelry is so prized in the eyes of jewelry buyers in New York. Simply put, the value of diamond jewelry has increased immensely over the past two years. It would seem that increased demand in overseas markets has contributed significantly to the rising prices. This should not be unexpected. The greater demand is, the greater the price of the asset in demand. With all the buzz in the news about the price of gold, most are well aware of its value in the eyes of sellers. The great value of diamonds is often overlooked. This is unfortunate because wishing to sell their collections might not realize the full value of the jewelry they own.
Diamonds have increased in value by upwards of 50% over the past two years. The jewelry buyers in New York likely feel that the value of diamonds will increase even further. Barring a major change in the market, there is no real reason to assume they will not increase in value.