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Carlsbad, CA--As diamond and gold prices keep climbing, buying off the street is becoming a valuable source of goods for jewelers at all levels of the market, even luxury stores. While many jewelers always have had a diamond trade-up policy, the flood of consumers looking to cash in their gold since prices began climbing has had a side benefit of bringing an enormous influx of diamonds to the market as well, says Russell Shor, senior industry analyst at GIA. Click here to watch his exclusive video interview with The Centurion, explaining why the secondary market will become increasingly important in the diamond supply chain.

For further reading about rising diamond and gold prices, see this article on CNBC.com for diamonds and this report from Standard Chartered Bank, which suggests gold prices may hit $5,000 within the next 10 years.