IDEX Online Research: Polished Diamond Prices -0.8% in October, 1 Ct Decline 1.2%
November 06, 12
(IDEX Online News) – Weak demand and slow-paced purchasing by jewelry makers led to an overall decline in polished diamond prices in October. The IDEX Online Polished Diamond Price Index lost 0.8 percent compared to September, with the all important 1.0-carat rounds sinking 1.2 percent.
The full analysis of the polished diamond prices is available to IDEX Online Research subscribers and IDEX Online members here.
The IDEX Online Polished Diamond Price Index averaged 133.0 in October, compared to an averaged 134.0 in September.
 Source: IDEX Online |
Polished diamond prices have lost ground year-over-year, however the rate of decline is moderating. Prices declined 5.7 percent compared to October 2011, when the Index averaged at 141.0.
Round, 1-carat diamonds lost 1.2 percent in October, and 10.3 percent since October 2011.
The only round-cut key size that displayed clear sign of vitality was 0.5 caraters, which gained 0.3 percent since September. Five carat rounds lost 5.3 percent and 2-carat softened by 1.5 percent.
 Source: IDEX Online |
Outlook
As the diamond jewelry buying season is slowly starting, wholesalers and retailers are looking forward to increased demand, hoping to see a late yet clear turnaround in consumer interest during the Holiday Season.
The full analysis of the polished diamond prices is available to IDEX Online Research subscribers and IDEX Online members