What's happening to the price of round diamonds?

Unfortunately, GIA round brilliant diamonds are slowly losing their value. Flawless, VVS, and VS are losing value, but our beloved SI1 and SI2 clarities are also losing some value as well. Inexpensive I1 clarities are holding their value, and possibly even increasing due to the supply shortening. The recession in China, along with the bank crisis in India, are the causes of what's happening.

 

Why are GIA brilliant cut diamonds weakening, like SI1 and SI2?

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Our friends from India who need money are putting excess round diamonds on the market in order to push the supply up and soften prices.

 

What's happening to fancy shape diamonds?

fancy-shape-diamonds

Fancy shapes, such as oval, princess, and emerald cut will stay strong due, in large part, to the actresses showing them off at the Oscars.