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Diamonds have, since 1898, steadily advanced in price and are still advancing. This is due, we believe, first to the difficulty in actually mining the world's supply of diamonds, and second to the fact that through the methods of business of the two great companies, the DeBeers Consolidated Mines, Ltd., and the London Syndicate,--which combined form virtually a monopoly,--they have been able to control the entire diamond market and to regulate prices. For many years these two companies have made the diamond market secure and undoubtedly will continue to hold it so. The extent of the rise in prices has, meanwhile, been very great, and in a rough way it is safe to say that diamonds are today worth more than double the value of the same goods in 1898, and in many cases more than three times what they were worth at that time.
Perhaps the greatest advance in this general rise in value has been on fine crystal or Wesselton two grainers, or half-carat diamonds, which have advanced to more than three times their value in 1898. Silver Capes and the best of the cheaper goods have advanced rather more than blue white and Wesseltons, except in the half-carat sizes of the latter. |
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Precious Stones Guide Vol 3
>> About the Rising Prices of Diamonds in the Early Twentieth Century
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