IDEX Price Report for 1 May: Heavy Losses Among Rounds

(IDEX Online) - Caution persists and overall trading is slow, as reflected in heavy rounds losses and no more than a smattering of increases among fancies, which have fared better of late.

India is braced for fewer bulk orders, US demand remains patchy and the predicted post-Covid bounce in China hasn't fully materialized.

De Beers did however report $540m of rough sales during Cycle 3, a slight year-on-year drop, but indicative, the company said, of "encouraging positive trends". 

Rounds

Rounds suffered heavier losses than of late, particularly among 0.80-cts to 2.99-cts, with very few gains to balance them out. There was little movement in smaller goods, with the exception of sharp falls among L & -M goods of almost all clarities in 0.18-cts to 0.29-cts. There were clusters of gains among 4.00-cts to 5.99-cts goods, mostly L-N / IF-SI1.

Fancies

Fancy prices fared better than rounds, as has been the case for several months now. The single biggest cluster of increases was among 0.50-0.69-cts (D-G / IF-VS2).  There was also a trend of increases in G+ / VS+ goods from 0.45-cts to 0.79-cts. Price drops dominated, however in most sizes from 0.90-cts to 5.99-cts. The biggest clusters of decreases were among 2.00-cts to 4.99-cts, mostly in G+ / VS+ goods.

KEY CHANGES 

Rounds

0.18-0.22 ct. K-M / VVS2-SI3 -6-10%, H-I / IF-VVS1 +3-4%

0.23-0.29 ct. L-M / IF-SI3 -5-8.5%  

0.30-0.39 ct. G / VVS1-2 +3-5%

0.40-0.44 ct. K / IF-VVS1 -3-3.5%

0.45-0.49 ct. F-G / IF-VVS1 -1.5-2%, D-E / VS1 +1.5-5%

0.50-0.69 ct. D-F / IF-VVS1 +1.5-4%, E-F / VS1-2 +1.5-4.5%

0.70-0.79 ct. F-H / IF-VS1 +1-3%, I-J / VVS2-VS1 -1.5-3.5%

0.80-0.89 ct. H-J / VVS1-VS2 -1-.5-3%

0.90-0.99 ct. D-J / VVS1 -1.5-4.5%, D-E/ VS1-2 -1.5-3%

1.00-1.24 ct. D-F / VVS1-SI1 -0.5-3.5%

1.25-1.49 ct. D-G/ VVS2-SI2 -1-4.5%

1.50-1.99 ct. D-G / VS1-I1 -1-6.5%

2.00-2.99 ct. D-M / VVS1-2 -1-5%

3.00-3.99 ct. D-E / VVS1-VS1 -1-2.5%, D-E / SI3-I1 +1-2%

4.00-4.99 ct. D-I / IF-VVS2 -1-4%, K-M / IF-SI1 +1-4%

5.00-5.99 ct. D-E / IF-VS1 -2.5-4%, D-E / SI1-I2 +2.5-5% 

Fancy Cuts

0.18-0.22 ct. F-H / IF-VVS1 +4.5-6%

0.23-0.29 ct. E / IF-VVS2 -3%

0.30-0.39 ct. F-G / SI1+4%, H-I / I2-3 -10-12.5%

0.40-0.44 ct. D-E / IF +15-5.5%, D / VVS1-2 -5.5-7.5%

0.45-0.49 ct. D-E / IF-VS1 +1.5-5.5%

0.50-0.69 ct. D-G / IF-VS2 +1-4%

0.70-0.79 ct. D-I / VS1-2 +1-5%

0.80-0.89 ct. D-F / IF +1-3%

0.90-0.99 ct. D-G / VVS2-VS1 -1-7%, H / VVS1-VS1 +1-3%

1.00-1.24 ct. E-H / SI1 -1-5%, L / IF-VS1 +3-7.5%

1.25-1.49 ct. G / VS1-SI2 -2.5-6%

1.50-1.99 ct. G-J / IF-VVS1 +1-4%, D-J / SI2 -1-6%

2.00-2.99 ct. F-G / VVS2-SI2 -1-3.5%, D-I / SI2 +1.5-4.5%

3.00-3.99 ct. D-F / IF-VVS2 -2.5-3.5%, D-I / SI3 +1-3%

4.00-4.99 ct. D-G / IF-VS2 -1-4%, D-E / SI1-I1 +2.5-4.5%

5.00-5.99 ct. E-F / VVS1-VS1 -2-4%, J-K / IF-VVS1 +0.5-1%