(IDEX Online News) – In December, the IDEX polished diamond price index saw a small decrease. The Index began the month at 122.4 and ended at 121.0.

 

The decline last month followed an increase the month before.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outlook

 

With the Chinese New Year approaching and Valentine's Day next month, the industry will be looking to see rough diamond sales in January. Rough diamond trading was subdued last month with De Beers' sales cycle results being lower than in November.

 

The next De Beers sale is on January 17. The demonetization program in India has impacted sales of rough and polished, especially smaller stones, so industry members will be interested to see how the withdrawal of the larger rupee banknotes will affect sales going forward.

 

To read the full article in IDEX Online Research, click here