Gem Pricing Report

Wholesalers report weak sales for October, usually a strong month. Many retailers are curbing seasonal purchasing. Credit issues and high unemployment continue to stifle consumer spending. The guarded optimism of October has softened slightly. There is activity in calls to fill requests for custom and repair work. New York–based old-cut diamond specialist Michael Goldstein says estate jewelry is strong: “The old cuts are doing well. We're also seeing stones fashioned into old cuts because of this demand.” Demand is reportedly strong for well-made rounds of 1.50 cts. This time last year dealers said 2.00 ct. rounds were most popular. In quality, SI1/G-H goods are still strong. In the colored-stone market, lead-glass-filled rubies are a major concern. The Accredited Gemologists Association has launched an industrywide campaign to alert jewelers and consumers

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