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".

HIGHLIGHTED CHANGES

Rounds

0.80-0.89 ct. H-J / VVS1-VS2 -1-.5-3%

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

2.00-2.99 ct. D-M / VVS1-2 -1-5%

Fancy Cuts

0.50-0.69 ct. D-G / IF-VS2 +1-4%

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

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

IDEX Online subscribers please click here to read the full report.