Page two of Google search results will take you to the best and most reputed diamond retailing portals, and the happenings there are pretty amazing. Is the Market For Diamonds Going Up Or Down. However, there is also a surprising under current happening in these times. That is the wonderful thing about shopping online. It is that the spending has become much more controlled and more thoughtful. It is not that people do not have money to spend on luxuries.

So, it gets us to wonder - where has the recession gone then. Gone are the days (temporarily of course!) of. Things like mines closing down, government relief being extended to Indian diamond cutters, diamond scrips moving downwards, and the like will hog the news; and the feeling is that the diamonds market is on its way down. With the recession fully upon us - not just in the America, but almost in every country across the globe, things might seem pretty bleak on paper.

There are from leading online diamond portals mentioning sales of over a million dollars - and we are not talking about monthly sales, those are way beyond - there are single purchases of tens of thousands of dollars on those sites.