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Leviev Executive V.P. Lisa Klein on what to look for when shopping for a colored diamonds.

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Sky-high stock market has investors looking to commodities.

Low interest rates and rising corporate earnings have hoisted the S&P 500 .SPX 16 percent this year. It reached an all-time high on Tuesday. By contrast the bellwether S&P Goldman Sachs Commodity Index (GSCI) .SPGSCI gained 7 percent in that same period.

A leading indicator for stocks is breaking down.

The iShares high-yield corporate bond
exchange-traded fund, the HYG, has
fallen below its 200-day moving
average, which it had held above for
much of this year.