IDEX Online Research: Polished Prices Soften 0.7% in November
December 04, 12
(IDEX Online News) – Polished diamond prices continued to soften in November, declining by 0.7 percent compared to October and by 6.2 percent year-over-year, according to the IDEX Online Polished Diamond Price Index.
The full analysis of the polished diamond prices is available to IDEX Online Research subscribers and IDEX Online members
The weak polished diamond prices reflect lower demand in both the established and developing markets over the past few months. An uncertain economic outlook has fueled this reduced demand.
The IDEX Online Polished Diamond Price Index averaged 132 in November compared to 133 in October and 140.7 in November 2011.
 Source: IDEX Online Research |
Picking up the slack, 1-carat Princess-cut goods eased just 0.6 percent month-over-month, but leaped 13.7 percent compared to November 2011.
 Source: IDEX Online Research |
For the first 11 months of 2012, polished diamond prices have declined by 4.9 percent from their January levels; however, they have increased 1.1 percent versus the same 11-month period in 2011.
Outlook
Polished diamond prices are expected to increase in December due to demand from retailers. This is expected to continue after the holiday when retailers replenish their inventories.
In the mid-term, as long as the economic uncertainty continues, diamond prices will remain low. Once out in the clear, demand for diamond jewelry is expected to increase, taking prices up with it.
The full analysis of the polished diamond prices 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.