IDEX Price Report for 1 January: More Falls for Rounds, Some Rises for Fancies

(IDEX Online) - Price drops dominated yet again among rounds during December, but there price increases among fancies, as consumers opted for lower-priced goods. Manufacturers in Surat reportedly working at just half capacity.  Consumer demand remains depressed, with pre-Christmas spending down 5.4 per cent year-on-year, according to the latest Mastercard SpendingPulse report. And inflation shows no sign of slowing in the US, Europe and beyond. However, Covid cases in China, which peaked at the start of December, have since declined significantly and travel restrictions have finally been scrapped. 

Rounds

There were very few price increases at all, as the decline that began in March continued. Goods from 0.40cts to 1.24-cts goods saw many price falls, across a range of colors and clarities. Larger stones, up to 5.99-cts, saw just as many price falls, albeit with some small clusters of increases. There was negligible movement in goods under 0.39-cts.

Fancies

Fancy cuts saw many more price increases, as consumers switched to lower-priced goods. There was an upward trend dominating among some sizes, notably 1.00-cts to 1.99-cts.  Larger goods, up to 5.99-cts, saw a more even mix of movement upwards and downwards. Among 3.00-cts to 4.99-cts almost all SI3 goods saw price increases, while among 5.00-cts to 5.99-cts there were decreases in virtually all IF and VVS1 goods.

KEY CHANGES 

Rounds

0.18-0.22 ct. D-F / SI2 +4.5-5%

0.23-0.29 ct. E-G / SI2 -4-4.5%, E-F / SI1 +3.5-4%

0.30-0.39 ct. D-F / I1 -4%

0.40-0.44 ct. J-K / IF-VVS2 -3-3.5%, E-G / VS2 -2.5-5%

0.45-0.49 ct. E-F / IF-VS1 -1-3.5%, E-I / SI1 -2.5-5.5%

0.50-0.69 ct. D-H / VVS2-SI3 -1.5-5.5%

0.70-0.79 ct. E-H / VVS2-SI -1-4.5%

0.80-0.89 ct. F-I / IF-SI2 -1-4%

0.90-0.99 ct. D-F / IF-VS2 -0.5-5%

1.00-1.24 ct. D-G / IF-VVS1 -2-4%, D-E / VS1-SI2 -1-3%

1.25-1.49 ct. D-F / IF -01-2.5%, I-J / VVS2-VS1 +1-1.5%

1.50-1.99 ct. D-F / IF-VS2 -0.5-3.5%, I-J / VS1-SI1 +1-3%

2.00-2.99 ct. D-F / VS1-SI2 -0.5-4%, D-F / SI3 +1-2%

3.00-3.99 ct. D-G / VVS2-SI1 -0.5-4.5%, D-G / SI3 +1-3% 

4.00-4.99 ct. K-N / IF-VS1 -2-4.5%, D / IF-VS2 -0.5-4.5%

5.00-5.99 ct. D-E / IF-VS2 -2.5-4%, D-E  / SI2-I2 +1.5-2% 

Fancy Cuts

0.18-0.22 ct. H-I / IF - VVS2 +5-6.5%

0.23-0.29 ct. F-I / SI1-2 -5-6%

0.30-0.39 ct. D-F / SI1-2 +3.5-4%, G-H / I1-2 -6-17%

0.40-0.44 ct. F-G / VS2 +3%

0.45-0.49 ct. F / SI2-3 +3-3.5%, F / VVS1-2 -2-3.5%

0.50-0.69 ct. E-H / IF-VVS1 +1.5-6.5%

0.70-0.79 ct. F-H / VVS1-2 +1-4%, D-F / SI3 +2%

0.80-0.89 ct. E / VVS2-VS2 +1-4%, I / VVS1-VS2 -1-1.5%

0.90-0.99 ct. E-F / IF-VVS1 +2.5-6%, K-M / VVS1 +3.5-5%

1.00-1.24 ct. G-H / IF-SI1 +1-3%

1.25-1.49 ct. E-I / IF-VVS1 +2-5%, E / VVS2-VS2 -1-2%

1.50-1.99 ct. H-J / VVS2-SI1 +3.5-5.5%

2.00-2.99 ct. E-G / VVS2-SI1 -1-5%, D-J / SI3 +1.5-5%

3.00-3.99 ct. E-G / VVS2-VS2 -2.5-4%, D-M / SI3 +2.5-5.5%

4.00-4.99 ct. G-H / VVS2-VS1 -1.5-3%, D-M / SI3 +1.5-5%

5.00-5.99 ct. H-N / IF-VVS1 -1-4%, D-H / VS2 +1-4%