Just like many markets, the diamond market has changed dramatically amidst the COVID-19 pandemic. There is still a lot of speculation on how it will emerge and in what matter. The diamond prices are still dropping in the higher carat sizes and possibly showing some stability in the lower.
The chart below gives you the rundown and details of the changes for the last 4 months.
|Diamond Price Changes from 2/1/2020 to 5/1/2020 ( Corrected month 6/22/2020)|
|Diamond Carat Sizes||2/1/2020||3/1/2020||4/1/2020||5/1/2020|
|0.0 – 0.5||2 % ↑||-2 % ↓||-2 % ↓||-2 % ↓|
|0.5 – 1.0||2 % ↑||-1 % ↓||-3 % ↓||-1 % ↓|
|1.0 – 2.0||0 %||-1 % ↓||-2 % ↓||-1 % ↓|
|2.0 – 3.0||0 %||-1 % ↓||-1 % ↓||-3 % ↓|
|3.0 – 4.0||0 %||-1 % ↓||-1 % ↓||-2 % ↓|
|4.0 – 99||0 %||-1 % ↓||-1 % ↓||-2 % ↓|
This May the average diamond price per carat for a round diamond of 1 – 1.4 carat G color VS1 clarity is $7610. The current average and lowest prices per carat prices are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity.
Keep in mind that cut quality and vendor services such as upgrades and returns can make a difference in the price point when shopping.
PriceScope has been collecting retail diamond prices since 2007 of over 500,000 diamonds. PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Stay tuned for June’s diamond prices.
If you have any questions, thoughts, suggestions, or feedback feel free to click on the link below and post in the forum. I will keep an eye try to answer all I can.
RELATED FORUM DISCUSSIONS
Greetings from Antwerp. I wanted to share some significant developments of the past weeks. I fear the below may read more like an article than a post and hope you will bear with me.
I’m curious as to whether any PS members have noticed any impact on the jewellery/ diamond business yet as a result of Coronavirus. Not necessarily from the health aspect, but from the economic impact.
It seems everyone has been interested in the diamond prices so I finally got my self to put something together. The diamond price charts and info is based on round diamonds and the retail value as they are in our database.
DIAMOND PRICE IN THE NEWS
As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium on rough buying.
Polished diamond prices for April were largely in line with last month, with only small fluctuations and little in the way of dramatic movement. The majority of both rounds and fancies remained unchanged. Movement across the board was a mix of modest rises and falls, rarely above three per cent.
Edahn Golan – Diamond Research and data:
Conventional wisdom holds that trading in the diamond industry should have come to a complete stop in April. This is largely true, but there are some exceptions. Polished diamond trading has continued, though at a much reduced level. Prices naturally declined, down a low single digit.