What is the secondary market like for diamond jewelry? How does it compare to the secondary market for gold jewelry? How do secondary market prices for pieces of diamond jewelry move relative to global market prices for diamonds? For example, if there were a physically backed diamond ETF, and the price went up, should I expect a proportional increase in the price of a piece of diamond jewelry in the secondary market?
Asked
Active
Viewed 573 times
1 Answers
3
For example, if there were a physically backed diamond ETF, and the price went up, should I expect a proportional increase in the price of a piece of diamond jewelry in the secondary market?
The other way around. If diamond jewelry prices on the secondary market go up - the ETF will go up. Gold prices don't go up because GLD is up, GLD is up because gold prices went up.
littleadv
- 190,863
- 15
- 314
- 526