IDEX Price Report for 1 September: Some Gains for Larger Round and Fancy Goods

(IDEX Online) - Prices of some larger goods - rounds and fancies over 2.00-cts - increased during August. Price drops still dominate in most size categories, but we're no longer seeing the same "wall of red".

Larger goods are more volatile, and the first to respond to any changes in the market.  So these may be the first positive signs of some recovery in the natural diamond market, but it's important to note that the overall trend across all sizes and qualities remains downwards.

Summer vacations are only compounding the ongoing problems of a global downturn, lab growns, wars and sanctions that have long been affecting the industry.

Trading appears to be slow in all major hubs and manufacturing in India is well below capacity. Kiran Gems, with over 50,000 polishers, has just resumed operations after a 10-day closure and many smaller factories are working short weeks.

Highlighted changes

Rounds

1.00-1.24 ct. D-G / IF-VS2 -3-6%

4.00-4.99 ct. E-H / VVS1-VS2 +1.5-4%, D-G / SI3-I1 -1-4.5%

5.00-5.99 ct. I-M / VVS2-SI1 -1-4%, D-F / IF-VS1 +1-4%

Fancy Cuts

1.50-1.99 ct. D-H / VVS1-SI1 -1-4.5%

3.00-3.99 ct. E-H / IF-VS2 +1-5%

4.00-4.99 ct. E-F / IF-VS2 +2-4%, D-K / SI3 -1-3%

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