Australian Dollar Falling…

Today the Australian dollar fell below 75 US cents for the first time in years.

We’ve therefore increased the price of a few diamonds in our Crossfire and Signature Series diamonds (above 90pt for now) by an average of 10%, to reflect the replacement cost of these stones. As opposed to our international selection, this is done manually 🙁

A couple of stones that haven’t been included in the price rise (ie: we aren’t going to replace) are:

1.12 K/VS2
1.30 G/VS2 – certified by Sydney’s leading diamond laboratory.

The good news is that platinum has dropped from its highs above US$2200 in February and March to just over US$1000 an ounce, so the price of our platinum rings should drop soon, but the price remains highly volatile and what would seem almost too low compared to gold.

This entry was written by Nikhil Jogia and was posted on on Monday, October 6th, 2008 at 5:25 pm and is filed under Taking Care of Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.