If you are in the market to buy a diamond, now may be the best time to make that investment. Economists and diamond wholesalers are saying diamonds are among the best things to buy while the economy is in a recession. Televisions, laptops, women’s clothing, furniture and toys also made the list.

Prices on large polished diamonds are lower today, dropping at least 5% to 8% on average in the last 18 months, while smaller stones ranging ½ (half) carat to 2 carats have dropped about 3% to 5%.

Diamond wholesalers have stated the diamond industry has never seen such a significant decrease in prices since the wholesale Price List (Rapaport) was released in 1970s. So if you are ready to pop the question, don’t let the economy discourage you because these prices will not last long.

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