IDEX Polished Price Index Keeps Sliding in November
December 02, 25
(IDEX Online) - The IDEX Polished Price Index fell by 1.72 per cent in November as the downward trend continues.
Underlying demand remains soft, inventories remain high in key centers, and competition from lab growns is forcing sellers to discount natural stones.
The result is month after month of modest but persistent price drops.
The Index closed the month down 45 per cent on its March 2022 peak. It has been in almost constant decline since then, with the exception of three brief surges between June and September of this year, prompted by US tariff anxiety.
Since then, the Index has corrected itself and returned to its day-by-day slide. November's 1.72 per cent drop was steeper than October (-0.48 per cent) but more moderate than September (-2.08 per cent). The Index fell 0.99 per cent in August.
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