IDEX Online Research: Polished Diamond Prices Fall 8.5% in August
September 03, 12
(IDEX Online News) – Global polished diamond prices continued to decline in August, falling 2.0 percent compared to July and 8.5 percent year-over-year, according to the IDEX Online Polished Diamond Price Index. This is the second consecutive month of overall declines.
The price declines, mainly of round goods, come after a period of stable prices. Diamond traders realized that maintaining prices is holding up transactions, gave in and lowered prices to jump-start business.
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At the end of August, the IDEX Online Price Index started to rise, possibly indicating a turnaround. Two leading reasons for this could be the return from vacation of traders in
 Source: IDEX Online |
Another possible reason for the small increase is a better than expected trade fair in Mumbai. Loose diamond wholesalers at the show arrived with a gloomy prospect and were pleasantly surprised by demand.
The items that succeeded to swim upstream against the current during the last days of August were 1-carat rounds and 1, 2 and 1.5-carat Princess cuts.
 Source: IDEX Online |
During the month, all key size round cut diamonds fell both compared to July and year-over-year.
Outlook
All eyes are on the upcoming September trade show in
Expectations for consumer demand for the reminder of the year is moderate at best, however the long-term prospect of renewed demand remains high.
The full analysis of the polished diamond prices by Ken Gassman is available to IDEX Online Research subscribers and IDEX Online members here. Click here for more information on how to subscribe or become a member.