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How A Higher Australian Dollar Means Lower Diamond Prices

With the Australian Dollar buying well above 80 US cents, now has never been a better time to buy a diamond.

This is because as with commodities such as oil or gold, diamonds, no matter where they’re mined or cut are also traded in US dollars, meaning the higher the Australian Dollar is worth against the US Dollar, the lower the price you pay.

In fact, the diamonds the prices in our international selection are updated every day, so you, as the consumer benefit directly from any positive currency fluctuations.

And to think, in September 2001, the Australian Dollar only bought 48.6 US cents!

One Response to “How A Higher Australian Dollar Means Lower Diamond Prices”

  1. Jogia Diamonds - Blog » Australian Dollar Shoots Up! (Or US Dollar Falls….Again) Says:

    […] April, we wrote about how diamonds are traded in US dollars and therefore, prices are dependent on US dollar currency […]

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