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March 2013, DiamondMaster App Adds Percentage Change Display of Values for 1 and 5 year!
An Essential Resource and Tool for Professionals, Members of the Jewelry Trade and Investors to monitor diamonds' global Wholesale Cash Asking values in 11 Foreign Currencies; plus The Gold Standard (gold’s annual moving average stated in Troy ounces); and weighted basket of currencies unit (IMF's Special Drawing Rights), and Each Diamond Classification's Appreciation & Depreciation over the last 1 and 5 years!!
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F.A.Q. 


Question: How does the Troy Diamond Report differ from other pricing guides currently utilized by gemologist and jewelers?
Answer: Troy Diamond Reports first monitor "Total Values" instead of "Per Carat Pricing" in up to 46 weight classifications referenced to 9 mediums of exchange: including Gold, "Paper Gold" and most currencies.

Question: Why a reference to Gold?
Answer: Gold for thousands of years has proven to hold its "utility" over time and be a stable store of value, while currencies devalue continuously and fluctuate in their utility over even short periods of time. Take for example, a hundred years ago one troy ounce of gold was able to clothe a person nicely. This is still true to this day or however far back you may want to go. Contrast that to the cost of buying anything with a currency over a period of time. e.g. 30 years ago a candy bar used to cost 15 cents, while today (in 2008) costs $1.50, a 10 fold difference.

Question: Diamonds are currently commonly referenced in U.S. Dollars, so why should I change my perspective to another frame of reference?
Answer: When the U.S. Dollar changes in its exchange rate to other foreign currencies, other Pricing Guides based on the U.S. Dollar do not do not convey any changes in diamond's real value. Take for example like during the past 7 years where in US Dollars diamond prices appear to be stable and certain classifications going up; but in other medium of exchange have actually gone down ...in Euros or in ounces of gold. Not may realize the U.S. Dollar in the last ten years hit its highest real value on July 1, 2001 (pre 9/11) where 1 Euro equaled 0.84 U.S. Dollars.  By April 8, 2008, the Euro reached a high of 1.59 U.S. Dollars. To the European everything they purchase in dollars then is a 48% off sale, because during that time there was a difference of 89%! on exchange rates alone between the world's two largest currencies. If the price list you use for diamonds does not factor this in you may have under valued or overvalued your diamonds by as much as 48% depending upon if your perspective is Dollars or Euros. Diamond demand and supply internationally has not changed as much during that time, hence the reason I founded the TROY DIAMOND REPORT in 2007 offering better frames of reference on diamonds to clearly follow changes in "real value" and exchange into numerous currencies.

Question: What frame of reference is the most stable or unchanging in its utility or real value over time?
Answer: There are really two good "anchor" units that represent stable utility over time in my opinion.  First, is gold as I mentioned above for its stable utility or buying power over time. Using gold's annual moving average removes the volatility created by daily trading and high periods of consumption in the jewelry industry which is seasonal.  If something changes in value relative to gold's annual moving average, it is truly changing in a real sense.  Second, is a "weighted basket of currencies" unit known as "Paper Gold" - specifically a basket of world's 4 largest currencies known as the IMF's Special Drawing Rights. When global money supply is held in balance with global goods and services, this  weighted unit also maintains stable utility value. When money supply increases relative to goods of services (inflation) though, using gold's annual moving average unit has an advantage. You can not print gold or diamonds like currencies!

Question: Does each TROY DIAMOND REPORT in a given currency provide information on diamonds' trends over time?
Answer: Yes, each TROY DIAMOND REPORT comes with three charts mapping diamonds' change in value since 1999 to present referenced relative to Exchange to Gold's (XAU) annual moving average, relative to the International Monetary Fund's Special Drawing Rights (SDR) a weighted  basket of world's top 4 currencies, and relative to Diamonds' traditional "Peg" the U.S. Dollar ...so you will clearly see graphically the trends for diamonds' intrinsic global value. 

 


UPDATED MONTHLY

INTRINSIC VALUES ARE GLOBALLY MONITORED WITHIN THE DIAMOND TRADE, AUCTION HOUSES AND ONLINE

A PERSPECTIVE ON DIAMONDS IN GOLD

A PERSPECTIVE ON DIAMONDS IN 11 FOREIGN CURRENCIES

A PERSPECTIVE ON DIAMONDS IN A BASKET OF CURRENCIES UNIT

DIAMOND TOTAL AND PER CARAT VALUES ARE STATED

1 AND 5 YEARS APPRECIATION OR DEPRECIATION DISPLAYED

46 SIZE-WEIGHT CLASSIFICATIONS FOR ROUND BRILLIANTS DIAMONDS (0.01-10.99 CTS.)

35 SIZE-WEIGHT CLASSIFICATION FOR FANCY SHAPED DIAMONDS (0.20-10.99 CTS.)