Jewel & Jewel

Prices for rough diamonds obtained from the Diamond Trading Co. (DTC) have gone up a cumulative average of 16 percent over the course of 2008, the DTC announced.

The DTC announced its average cumulative increase for the 2008 sights at the request of sightholders. This figure includes all increases since January 2008 and includes any increase implemented at the August sight scheduled to take place this week.

DTC spokesperson Lynette Gould said specific price increases for August were “nothing of any note,” and that the 16 percent cumulative increase is mainly a reflection of the price hikes implemented at the July sight.

Prices there went up an average of 5 percent across the board, and as much as 15 percent for larger goods.

In the release issued , the DTC states that, not surprisingly, the goods more strongly affected by the increases over the course of this year have been larger, higher-quality goods; boxes of rough that will yield the “highly sought after” polished stones of above SI clarity and over 1-carat in size.

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Renaissance Diamonds has launched a new line of pink and blue colored diamond jewelry, the maker of fancy color synthetic diamonds announced.

The line, called “Breathtaking,” was created as a result of the “incredible rise in the demand for these environmentally friendly created diamonds,” the company said.

“The process to create colored diamonds in blue, pink, yellow, orange and other vivid colors is virtually identical to what happens below the surface of the earth,” Renaissance explained. “Now that they’re available, these diamonds save consumers thousands or even tens of thousands of dollars without sacrificing quality or more importantly beauty.”

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