(IDEX Online News) – In May, the IDEX polished diamond price index was flat. The Index began the month at 119.49 and ended at 119.33.

 

The decline last month followed a similar one in March.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outlook

The May De Beers sight was the first in the new ITO (Intention to Offer). While the assortments were pretty stable, the sight was not a large one, according to Bluedax. In general, allocations fell for most customers with De Beers making it clear to its clients they should not sell the rough allocated for production in Africa to the international market. 

 

Sightholders have a greater production capacity, which accounts for the increase in demand. Even though rough prices are increasing – and even goods sold at tenders are selling at high prices – polished prices are currently stable, without any signs of an increase. As a result, manufacturers are once again not making any profit.

 

In the secondary market, there were fewer goods available. This pushed premiums to the highest level seen for a year, Bluedax added.

 

The market in general is looking forward to the JCK Show in Las Vegas which this year runs from June 5 to 8 for indications of the state of the US – and wider global – market.

 

For the full article in IDEX Online Research, click here