IDEX Price Report for 1 April: Fancies Up, Rounds Faring Better

(IDEX Online) - Rounds prices held up better than in recent months, and demand for fancies drove up prices, especially among 0.30-cts to 0.79-cts goods. China is post-Covid, the US is emerging from the depths of its inflationary woes and consumer confidence is actually on the rise. Things aren't great, but the industry appears to be getting used to another "new normal".

It's now over a year since Russia invaded Ukraine.  Sanctions, such as they, have become part and parcel of day-to-day dealings and have had little impact on prices Further sanctions may come, but the US, G7 or EU are still dithering.

Belgium's imports of Russian diamonds actually rose 36 per cent year-on-year to $141 million in January. 

Rounds

Price drops still dominated in 1.50-cts to 4.99-cts goods, but less so than in previous months. Movement among 1.00-cts to 1.24-cts was largely upwards, especially among VS2 and SI1. 5.00cts to 5.99-cts saw many drops in K+ and SI2+ goods, but clusters of increases elsewhere. A mix of movements in goods under 1.00-cts, with increases in E+ and VVS1+ in 0.50-cts to 0.79-cts.

Fancies

Price rises dominated in goods from 0.30-cts to 1.24-cts. Notably among 0.50-cts to 0.69-cts there were across the board increases in D-G / IF-VS2 and not a single drop for any color or clarity. And a similar picture for 0.70-cts to 0.79-cts. There was a more mixed picture for 1.25-cts to 5.99-cts, with large clusters of drops, especially in 2.00-cts and above. 

KEY CHANGES 

Rounds

0.18-0.22 ct. F / VVS1-VS1 -3-3.5%

0.23-0.29 ct. D / VS2-SI1 -3-6.5%  

0.30-0.39 ct. I / SI2-I1 -4.5-5.5%

0.40-0.44 ct. D-E / VVS1 +1.5-7.5%, D-E / VS2 +2.5-5%

0.45-0.49 ct. E / VVS2-VS2 +2-4.5%, E-F / IF -1.5%

0.50-0.69 ct. D-E / IF-VVS1 +1-2%

0.70-0.79 ct. F-G / VVS2-VS2 +1-4%, E-F / IF-VVS1VVS2 +1-1.5%

0.80-0.89 ct. E-H / IF-VVS1 -1-4%, K-N / VVS1 +2-3.5%

0.90-0.99 ct. E-F / IF-VVS1 -1-4%, E-H / VVS2 +1-2%

1.00-1.24 ct. D-G / VS2-SI1 +1-2.5%

1.25-1.49 ct. E-F / IF-VVS1 +1-5%, D-E / VS2-SI1 -1-2.5%

1.50-1.99 ct. D-K / SI1-2 -1-4%

2.00-2.99 ct. D-E / VS1-SI3 -1-3.5%, E-G / SI3-I1 +1-3%

3.00-3.99 ct. D-G / VVS2-VS2 -0.4-4.5%, F-H / I1 +4%

4.00-4.99 ct. E-H / IF-VS2 -1.5-4.5%

5.00-5.99 ct. D-F / IF-VS2 -0.5-4%, L-M / VVS1-SI3 +1-4% 

Fancy Cuts

0.18-0.22 ct. D / VS2 -4%

0.23-0.29 ct. F-K / I1 -8-12.5%

0.30-0.39 ct. D / SI1-2 +3.5%

0.40-0.44 ct. D / VVS1-2 -6%, M / VVS1-VS1 +5-6%

0.45-0.49 ct. F / VVS1- SI1 +2-4%, M / VVS1- SI1 +5-6%

0.50-0.69 ct. D-G / IF-VS2 +3-7%

0.70-0.79 ct. D-I / VS1-2 +1-4%, D-F / IF-VVS1 +1-4%

0.80-0.89 ct. D-I / VS2 +1.5-3.5%, H-J / VS1 +2-5%

0.90-0.99 ct. D-E / IF-VVS1 +2-5-5%, K / VS2-SI3 -4-5%

1.00-1.24 ct. F-G / IF-VVS1 +2-3%, H / SI1-I1 +1.5-5.5%

1.25-1.49 ct. H-J / IF-VVS1 -1.5-5%, E-H / SI2 +1.5%

1.50-1.99 ct. F-H / IF-VVS1 +0.5-3.5%, D-F / SI2 -1-2%

2.00-2.99 ct. D-H / VS1-2 -0.5-3%, J / VVS1-SI2 +1-4.5%

3.00-3.99 ct. D-F / VVS2-VS1 -1-4%, D-E / SI1-I1 +1.5-6%

4.00-4.99 ct. D-G / IF-VVS2 -0.5-4%, D-E / SI1-I1 +3-5%