Gem Pricing Report

The past few years have seen tremendous growth in commodities like gold, iron ore, and other minerals. As a result, many mining companies are curbing diamond mining in favor of these more profitable products. Looking at growth across sector lines it's easy to see why. A recent Wall Street Journal article (“Diamond Mining Loses Momentum, June 16, 2008) noted that Wyndham's Polished Prices diamond index was up just 3.6 percent from a year ago compared with the sector benchmark, the S&P GSCI, which is up 37.6 percent during the same period. Diamond: 1/4 ct. round VS1 VS2 SI1 SI2 G $1,495 $1,350 $1,200 $1,050 H $1,400 $1,300 $1,070 $

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