Diamond Prices News Roundup - May 2012
By Erika Winters
Retail Diamond Prices Steady in May
Retail diamond prices remained steady through May 2012. Pricescope tracks retail diamond prices each month from a database of over 450,000 diamonds.
Retail Diamond Price Percentages for May 2012
0 to 4.0 carats: no change
4.0 to 99 carats: up 1%
The Pricescope diamond price chart illustrates a 1% increase in retail prices for diamonds of 4 to 99 carats. There were no retail price changes for diamonds of 0 to 4.0 carats during the month of May. Pricescope has been charting retail diamond prices since 2007.
While prices were stable though most of May, in the last few days of the month – and into June – prices started to edge up just before the Las Vegas shows started.
Certified polished diamond prices were steady during May in a weak global environment.
JCK Las Vegas show exceeds low expectations with very good U.S. demand for affordable VS-SI certs and commercial goods.
Rough diamond prices are set to remain at current levels for the rest of the year as the European debt crisis saps demand, BMO Capital Markets forecast.
The downward trend in polished diamond prices, which began last August continued through May.