Diamond prices and currency fluctuations

At the time of writing Britain has voted to leave the European Union.Sterling has slipped considerable against the euro and the dollar.Diamonds like oil are priced in dollars and therefore Jewellery prices will rise in the UK as suppliers are having to pay close to 20 per cent more than previously for their stock and therefore will have to pass on the cost.Diamonds usually make up the vast majority of the ost of an engagement ring of piece of Jewellery .Gold too has risen but this will have a much smaller impact.

Some jewellers will possibly sell stock at the old price and price up replacement stock. It seems therefore that if something appears to be good value this is the time to buy!