Press Releases

Troy Diamond Report Debuts Updated Global Wholesale “Mined” and “Lab Grown” Diamond Price List and Market Guide

It is the first in the diamond industry to consolidate and maintain a Global Wholesale Price List and Market Guide.

Published

4 years ago

January 24, 2019

INSTORE Staff

This month is the debut of Troy Diamond Report updated Wholesale “Bright List” and redesigned DiamondMaster App, that is now the Global Wholesale “Mined” and “Lab Grown” Diamond Price List and Market Guide. DiamondMaster has added capabilities to quickly price and compare natural “Mined” diamonds to “Lab Grown” gemologically equivalent diamonds, that have recently entered the diamond market place with increased availability, in higher qualities, and at attractive discounts in sizes over 1 carat, up to 10 carats.

Troy Diamond Report’s DiamondMaster App, is the first in the diamond industry to consolidate and maintain a Global Wholesale Price List and Market Guide on Lab Grown diamonds, covering 10 shapes and sizes up to 10 carats. The DiamondMaster App has been re-designed for ease of use, and as an essential time saving tool for gemologists, appraisers, professional investors and global traders of diamonds.

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The Diamond Industry, heralding in a New Consumer Era passed a “Tipping Point” in 2018. Change driven mostly by socially responsible and value oriented millennial consumers now between 16 and 36 years of age. Consumers who increasingly are interested in lab-grown diamonds, virtually identical in quality and composition to the mined diamond, but without the human toll or negative environmental impact of mining operations. Tomorrow’s consumers desire more choice and the option to see and experience lab-grown diamonds at the jewelry counter. Lab Grown diamond producers continue to advance technologically, increasing availability, sizes and qualities, to meet both growing gem demand and industrial & advanced diamond applications. Mined diamond producers are adapting by improving mining practices, production and implementing Blockchain initiatives to track a diamond’s origin from mine to
market

To provide Professionals essential knowledge, Troy Diamond Report DiamondMaster App takes a unique global perspective. When using the DiamondMaster App, one can now instantly calculate wholesale values for both natural “Mined” and “Lab Grown” diamond in thirteen (13) perspectives of value. In addition, the DiamondMaster App calculates and displays each “Mined” diamond’s percentage change in value over the last year and 5 Year periods!

The current references are: “Exchange to Gold” (gold’s 1 year moving average); the International Monetary Fund’s “Special Drawing Rights” – basket of currencies unit; U.S. Dollars, Euros, Swiss Francs, Russian Rubles, Canadian Dollars, British Pounds, Japanese Yen, Brazilian Reals, Australian Dollars, Chinese Yuan, and Indian Rupees.

The “Cost” of diamonds globally for too long have been anchored to the US Dollar. Troy Diamond ReportWholesale Bright List utilized in the DiamondMaster App, shines a light on diamond “Values” that translates to every market and currency, promoting “Stability.”

It Was Time to Make a Decision. It Was Time to Call Wilkerson.

Except for a few years when he worked as an accountant, Jim Schwartz has always been a jeweler. He grew up in the business and after “counting beans” for a few years, he and his wife, Robin, opened Robin James Jewelers in Cincinnati, Ohio. “We were coming to a stage in our life where we knew we have to make a decision,” says Jim Schwartz. He and Robin wanted to do it right, so they called Wilkerson. The best surprise (besides surpassing sales goals)? “The workers and associations really care about helping us move out own inventory out of the store first. It was very important to us.”