Diamond Prices News Roundup - March 2012
By Erika W.
Retail Diamond Prices Steady in March
Pricescope charted few changes in retail diamond prices for March 2012. Prices are based on vendor listings of over 450,000 diamonds in the Pricescope database. The price chart is updated monthly.
Retail Diamond Price Percentages for March 2012
0 to 0.5 ct no change
0.5 to 1.0 no change
1.0 to 2.0 ct no change
2.0 to 3.0 ct no change
3.0 to 4.0 ct down 1%
4.0 to 99 ct up 1%
The Pricescope diamond price chart illustrates a 1% decrease in retail prices for diamonds of 3.0-4.0 carats. Prices rose by 1% for diamonds of 4.0-99 carats. There were no retail price changes for diamonds of 0-3.0 carats during the month of March. Pricescope has been charting retail diamond prices since 2007.
The average price of polished diamonds was largely unchanged in March with loose diamond wholesalers trying to generate business in a lukewarm global economy.
Polished markets quiet but prices strong. Small DTC March sight estimated at $520M with prices +2% as sightholder contracts end.
Diamond prices continued to drift downwards in March.
Demand for diamond, gold and platinum jewelry in China is very strong, according to new report released by a local business intelligence portal.
OAO Alrosa (ALRS), Russia’s state-run mining company, sees buying shares in diamond producers as the best way for investors to benefit from gem prices that are rising for a fourth year.