IDEX Price Report for 1 August: Prices Still Dropping, but Larger Rounds Rally

(IDEX Online) - Prices dropped yet again during July as the global downturn showed no signs of improving. Chinese demand, in particular, remains muted. De Beers cut production by 15 per cent during Q2 in response to market conditions, India reported exports in June down 26 by per cent and increasing numbers of consumers are opting for lab grown over mined diamonds (almost half of all diamond engagement rings sold in the US are now lab grown).

Rounds

A similar picture to June, with a very marked division between goods under 2.0-cts and above. Smaller goods (under 0.49-cts) saw little activity. Losses were concentrated among better colors and clarities, typically H+ and VS2+, of 0.50-cts to 1.99-cts bread and butter goods. Larger goods saw a more even mix between gains and losses, and in the case of 5.00-cts to 5.99-cts, a significant majority of prices increased.

Fancies

Many prices for better colors and clarities (H+, VS2+) fell among goods 0.70-cts to 1.99-cts. There was a more mixed picture among larger goods, with price increases dominating in 2.00-cts to 2.99-cts and 4.00-cts to 5.99-cts, though not to the same extent as we saw among rounds. There were some double-digit price increases among M/N colors in goods sized 0.23-cts to 0.39-cts. 

Rounds

0.18-0.22 ct. D-G / VVS2-VS1 -3-7%

0.23-0.29 ct. G / IF-SI1 -3-6%

0.30-0.39 ct. M-N / VVS1 -5-5.5%

0.40-0.44 ct. D / IF -7%

0.45-0.49 ct. D / IF +4.5%

0.50-0.69 ct. D-G / IF -2-6%

0.70-0.79 ct. D-H / IF-VS2 -1.5-6.5%

0.80-0.89 ct. D-H / IF-SI1 -1.5-6%

0.90-0.99 ct. D-E / IF-VS2 -1-4.5% 

1.00-1.24 ct. D-G / IF-VS2 -2-7%

1.25-1.49 ct. D-H / IF-SI1 -2-6%

1.50-1.99 ct. G-J / VVS1-SI1 -1-4.5%

2.00-2.99 ct. J-L / IF-VS2 +1.5-5.5%, E-G / VVS2-VS2 +3-5.5%

3.00-3.99 ct. I-M / VVS2-SI1 -1-4%, E-F / VVS1-VS2 +2-4.5%

4.00-4.99 ct. D-H / IF-VS1 +2-4.5%, I-N / VVS2-VS1 -1-2%

5.00-5.99 ct. D-G / IF-VS2 +1-45%, D-G / SI2-I1 -1-4%

Fancy Cuts

0.18-0.22 ct. I / I2 -14%

0.23-0.29 ct. J / SI3-I1 -3.5-4.5%, M-N / IF-SI3 +8-20%

0.30-0.39 ct. K-N / IF-VVS2 +5-14%

0.40-0.44 ct. D-E / IF -2-6.5%

0.45-0.49 ct. D-F / IF-VVS1 -2-7%

0.50-0.69 ct. D-F / IF-VVS2 -2-6.5%

0.70-0.79 ct. D-H / IF-VS1 -1-4.5%

0.80-0.89 ct. D-I / IF-VS1 -1-5.5%

0.90-0.99 ct. D-G / VVS1-VS1 -1.5-4%

1.00-1.24 ct. D-H / IF- VVS1 -3-7%

1.25-1.49 ct. D-E / VVS1-VS2 -1-4%

1.50-1.99 ct. E-I / IF-SI1 -1-5%

2.00-2.99 ct. H-L / IF-VS1 -1-4.5%, F-G / VVS2-VS2 +3-5%

3.00-3.99 ct. F-H / VVS2-VS2 +3-5%

4.00-4.99 ct. D-G / IF-VS1 +1-4%

5.00-5.99 ct. D-F / IF-VVS2 +1.5-4.5%, J-N / IF-VVS1 -1-5.5%