IDEX Price Report for 1 January: Rounds Show Signs of Recovery

(IDEX Online) - Rounds showed further signs of a recovery during December, although fancies fared less well. There is a general sense that prices are bottoming out after almost two years of relentless decline and that the general trend now will be upwards.

Holiday spending in the US was a little disappointing, down 2.0 per cent year on year, but the overall direction of travel seems to be positive.

A squeeze on rough supplies, including India's two-month voluntary ban, have helped, although there's now uncertainty about how the G7 sanctions will be implemented and what effect they'll have.

Rounds

There was a more even mix of increases and decreases than we have seen in recent months, although price drops still dominate in goods over 3.0-cts. Large clusters of price increases in 0.70-cts to 0.79-cts and 1.50-cts to 1.99-cts and more movement upwards than downwards among 1.0-ct goods and some other key sizes

Fancies

Fancies, which have fared better than rounds of late, saw price drops dominate in most sizes. There was little movement in under 0.50-cts. In most sizes above 1.25-cts there were price drops primarily among better colors and clarities. Some clusters of price increases notably among 3.0-cts and 4.0-cts.

Rounds

0.18-0.22 ct. H / VVS2-VS2 +4-4.5%, D-H / SI3 -5.5-6.5%

0.23-0.29 ct. G / VVS1-2 +3%, I / IF-VS1 -3.5-4%

0.30-0.39 ct. H-I / I1 -5-10%

0.40-0.44 ct. D-E / VS1 +2%, J-K / IF -3%

0.45-0.49 ct. E-F / VVS1 -1.5-2%

0.50-0.69 ct. D-E / IF-VVS2 -2.5-4.5%

0.70-0.79 ct. E-G / VS1-SI1 +1-5%, D-F / VVS1-2 -2-3.5%

0.80-0.89 ct. D-G / IF-VVS2 -2-3.5%, F-G / VS1-SI1 +1-3.5%

0.90-0.99 ct. E-F / IF-VVS1 +1-2.5%, D-E / VVS2-VS1 -2-5.5%

1.00-1.24 ct. D-G / SI1 +5-7.5%, D / VVS2-VS2 -2-5.4%

1.25-1.49 ct. E-F / SI1-2 +1.5-5%, H-I / IF-VVS1 -1.5-4%

1.50-1.99 ct. H-I / VVS1-SI3 +1-5%, D / IF-SI1 -1-4%

2.00-2.99 ct. D-H / VVS2-VS2 -1.5-5%, I-L / VS1-2 +1.5-3%

3.00-3.99 ct. D-F / VVS1-SI1 -1-5%

4.00-4.99 ct. D-I / IF-VVS2 -0.5-4%

5.00-5.99 ct. D-E / IF-VS2 -1-4%, D-F / SI1-I1 +1-4.5%

Fancy Cuts

0.18-0.22 ct. H-I / SI1-2 +9-11%

0.23-0.29 ct. G / VS1 -4%

0.30-0.39 ct. G-I / I1-2 -6.5%

0.40-0.44 ct. D / VVS1-2 +7%

0.45-0.49 ct. D-F / VS1 +1.5-3.5%

0.50-0.69 ct. G-H / IF-VVS1 -1.5-2%

0.70-0.79 ct. D-E / VS2-SI1 +1-3.5%, E-F / IF-VVS2 -1-2%

0.80-0.89 ct. D-F / IF-VVS2 -1-3.5%, D-H / VS2 +1-3%

0.90-0.99 ct. G / IF-VS1 +2-5.5%

1.00-1.24 ct. D-G / VS1-2 -4-5.5%

1.25-1.49 ct. D-F / IF-SI1 -1-4%

1.50-1.99 ct. J-K / IF- VVS1-VS1 -3.5-4.5%

2.00-2.99 ct. D-F / IF-VS1 -0.5-4.5%

3.00-3.99 ct. D-E / IF-VS1 -0.5-4%, L-M / IF-VS1 +1.5-2%

4.00-4.99 ct. D-G / IF-VVS2 -0.5-3.5%, K / VS1-I1 +1-2.5%

5.00-5.99 ct. E-H / VS2-SI1 -0.5-2%