How A Higher Australian Dollar Means Lower Diamond Prices

With the Australian Dollar buying well above 80 US cents, now has never been a better time to buy a diamond.

This is because as with commodities such as oil or gold, diamonds, no matter where they’re mined or cut are also traded in US dollars, meaning the higher the Australian Dollar is worth against the US Dollar, the lower the price you pay.

In fact, the diamonds the prices in our international selection are updated every day, so you, as the consumer benefit directly from any positive currency fluctuations.

And to think, in September 2001, the Australian Dollar only bought 48.6 US cents!

This entry was written by Nikhil Jogia and was posted on on Thursday, April 12th, 2007 at 3:41 pm and is filed under Buying Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.