On the finish of 2014, Useful resource Investing Information (RIN) spoke with Yaniv Marcus, funding strategist at Leibish & Co., about his 2015 diamond market outlook. He made various optimistic predictions, noting that tough costs would seemingly “proceed to develop at a charge of three to five p.c a yr,” additionally stating, “we’re positively going to see steady energy in costs for fancy coloured diamonds.”
With 2015 now almost on the half-year mark, RIN acquired again in contact with Marcus to see if his forecasts have been correct to date. Apparently, the diamond market has not had as straightforward a time as anticipated in 2015, with decrease costs being a key subject.
Explaining what is going on on with diamond costs, Marcus stated that one downside is funding. “I feel that financing to the business has been drying up, a variety of banks have been popping out of this business,” he stated. Consequently, he believes “that within the quick time period it is slightly bit softer for the colorless items. By way of the fancies, costs are holding regular. We’re seeing market resistance due to the strain of costs going up, and patrons usually are not prepared to pay.”
That stated, he emphasised that as an organization, Leibish & Co. focuses on the long-term image. “Each as soon as in awhile there is a bump within the street, and we proceed to develop,” he stated. To fight as we speak’s challenges, the corporate has been doing issues like creating its jewellery line and specializing in educating market individuals in regards to the funding potential of fancy coloured diamonds.
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