IDEX Price Report for 1 July: Markets Slow, but Larger Goods Rally

(IDEX Online) - Weak sentiment, quiet trading, low demand, slow market. We've heard these phrases many, many times before. And it's hard to avoid using them again. Rounds and fancies saw prices dip yet again in June, at least among all goods under 2.00-cts. No immediate signs of an improvement.

Lab growns prices are still plunging. Even if they're almost as low as they can go, they're still impacting the whole diamond industry.

India's polished exports remain in the doldrums, down almost 15 per cent year-on-year in May to $1.47bn. De Beers (loss-making, future uncertain) sold just $315m of rough during its June cycle, the lowest figure of 2024. It blamed ongoing economic growth challenges in China.

Highlighted changes

Rounds

0.90-0.99 ct. D-F / IF-VVS21 -1-4.5% 

1.00-1.24 ct. D-H / IF-VS2 -2-6%

4.00-4.99 ct. D-I / IF-VS1 +2-4.5%, D-H / SI1-3 -0.5-5%

Fancy Cuts

1.00-1.24 ct. D-H / IF- VVS2 -2-7%

1.25-1.49 ct. F-I / IF-SI1 -1.5-7%

3.00-3.99 ct. E-H / VVS2-VS2 +1-4.5%

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