Diamond Prices News Roundup - 2011 Review and December Updates
By Erika W.
Polished Diamond Prices
Idex has reported an overall gain of 17% in 2011 resulting from increased demand from India and China, higher rough diamond prices due to reduced supply, and global economic uncertainty. While the upward trend has stabilized for several months, diamond prices will likely continue to rise.
December 2011 Retail Diamond Price Update
After a surge in retail diamond prices from January through July 2011, prices started to stabilize and even weaken in August. Retail prices have remained relatively flat through January 1, 2012.
The list below reflects changes in retail diamond prices for December 2011. Prices are based on vendor listings of over 450,000 diamonds in the Pricescope database. The price chart is updated monthly.
Retail Diamond Price Changes for December 2011
0 to 0.5 ct no change
0.5 to 1.0 ct no change
1.0 to 2.0 ct 1% down
2.0 to 3.0 ct 1% down
3.0 to 4.0 ct 1% down
4.0 to 99 ct 3% down
The Pricescope diamond price chart illustrates a 1% decrease for weights of 1.0 to 4.0 carats and a 3% decrease in prices for 4.0 to 99 carats. Retail diamond prices stabilized in the range of 0 to 1.0 carat during the month of December. The chart reflects price changes through Jan 1, 2012. Pricescope has been charting retail diamond prices since 2007.
Polished diamond prices rose by a solid 17 percent during 2011, according to the IDEX Online Polished Diamond Price Index.
Polished diamond prices finished the year weakly...
Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the precious stone, analysts said.
Despite the slowdown in the global diamond industry in the last four months of 2011, Israel’s diamond exports totaled $7.202 billion, compared to $5.832 billion in 2010 – an increase of 23.5%.