RE: Canadian $ is FlyingDiamonds are clearly an import for the US, and (diamond mkt.) carat valuations are usually in $US. Therefore IMO diamond prices in the US should rise once the current US internal inventory supply is exhausted. Since the US demand is fairly steady, without any significant price sensitivity, and with a weakening $US dollar vs. other fiat currencies, we should see a relatively steady market in the US, and an increasing demand outside the US. Finally, at-source labour costs are paid in the local currencies, although energy costs are affected by world energy prices.
End result? ......... Short term, little change, but intermediate to longer term, there is a high probability of higher prices.
Cheers,
Brit