Slight Rise in Polished Diamond Prices in February

(IDEX Online News) – There was a slight rise in the IDEX polished diamond price index during February following a small increase in January.

The Index began the month at 122.25 and ended at 123.96.

Outlook

Sentiment in the diamond centers was generally solid, with the industry restocking after what was reportedly an upbeat holiday sales season and with the Chinese New Year (which falls on February 16) sales period.

In Israel polished manufacturers and traders were preparing for the annual International Diamond Week in Israel, which was set for February 5-7. And in India and Antwerp, reports from the trade suggested the year was starting off slowly, albeit with firm sales.

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