Loose Diamonds by A&W Diamonds

Loose Diamonds

Helping you get the best loose diamond for your dollar is our goal. Regardless of the diamonds carat size, clarity, color or shape the cost of a loose diamond is really the bottom line. No matter what your budget, we have the best available prices for certified loose diamonds anywhere. A&W Diamonds will save you money on the loose diamond of your dreams!

Demands For Loose Diamonds Remain High

As lasting as the diamond, the demand for loose diamonds does not seem to fade out with time. It's a reality that diamonds are one of the most sought-after gems in the world notably in jewelry. A loose diamond is a beauty to behold and own. Owning one, of course, can already be a lifetime investment mainly because of its high value. With the diamond demand worldwide on the upswing, the prices of the loose diamond are not showing any signs of going down. Oh well, you can't argue with the demand-supply principle of economics. The 2006 World Diamond Conference held in Perth, Australia forecast diamond production by 2010 to be worth $11.3 billion, down 10 percent from the 2005 production of $12.67 billion. In other words, a supply shortfall is seen by 2010 and if this indeed occurs, this would be the first time that the worldwide production of diamonds will go down.

The Price Factor

In the first half of 2006, prices of polished loose diamonds were continually going up compared to 2005. However, prices fell in the later part of 2006. It was in the fall of 2005 when prices of polished loose diamonds were at their highest. Since then the market worldwide has somehow softened resulting in reduced prices for polished loose diamonds. Rough diamonds, on the other hand, have held their prices although they're also expected to soar due to projected shortfalls in supply. Experts point out that exploration is vital in keeping the supply of diamonds at a steady rate. So far, no major diamond deposit has been discovered within the recent 15-year period. The last major find took place in 1991 at Point Lake in the Northwest Territories of Canada. The prices of loose diamonds depend on many factors. Some can be controlled while the others depend largely on market conditions as well as supply and demand. Of course, the major variables of a diamonds price are the loose diamond's carat, cut, clarity and color and between the best and the worst, there is a big price difference.

Loose Diamonds - Production

Diamond production continues today in many parts of the world with Botswana, Russia, Canada, Angola and South Africa as the top five producers. In 2006, an estimated 1.2 billion loose diamonds valued at $13.4 billion were produced globally. Worldwide demand is expected to go up by six percent to $23 billion by 2015. However, with a project shortfall in diamond production, prices are seen to increase by 30 percent until 2012, according to Picton of the England-based W.H. Ireland. Based on his research, loose diamonds since 1948 have given good returns compared to gold. He also fears that some $10 billion of demand for diamonds will not be fulfilled with ongoing lower production. Diamond expert James Allan foresees a five percent rise in loose diamond prices in 2008 due to a short supply and high demand. He adds that while supply is seen to increase at least one percent each year, the demand for retail loose diamond jewelry continues to go up by an average of six percent annually. Each year, some 114 million carats of loose diamonds are sold at an average value of $7 billion, according to the World Diamond Council.