| 0 Product(s) in cart |
| Total $0.00 |
| » Checkout |
TROY DIAMOND REPORTS
the first Global Diamond
and Market Guide to offer
"3 Dimensional Diamond Pricing."
A New Resource for Consumers, Investors and Members of the Jewelry Trade
to simultaneously monitor diamonds' global values in Their
Currency of Choice; The Gold Standard - in exchange to gold
based on gold’s annual moving average stated in Troy ounces; and
Paper Gold - the weighted basket of international currencies
unit specifically known as the International Monetary Fund's Special
Drawing Rights. Troy Diamond Reports are
currently available in 7 Base Currencies, updated monthly with No
Subscription Required and can be purchased for as little as $9.95!
( more news )
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.