Diamond Prices News Roundup – June 2012
Retail diamond prices decreased in June, reflecting sluggish Asian demand, a record-low Indian rupee, and US consumer demand for more affordable goods. Pricescope tracks retail diamond prices each month from a database of over 450,000 diamonds.
Retail Diamond Price Percentages for June 2012
0 to 0.5 carat: – 3%
0.5 to 1.0 carat: – 2%
1.0 to 2.0 carats: – 3%
2.0 to 3.0 carats: – 4%
3.0 to 4.0 carats: – 4%
4.0 to 99 carats: – 2%
The Pricescope diamond price chart illustrates a 3% decrease in retail prices for diamonds of 0 to 0.5 and 1.0 to 2.0 carats, a 2% decrease for 0.5 to 1.0 and 4.0 to 99 carats, and a 4% decrease for diamonds of 2.0 to 4.0 carats. Pricescope has been charting retail diamond prices since 2007.
Polished diamond prices were generally flat in June, inching up just 0.2 percent compared to May. Prices in June edged up prior to the Las Vegas shows, only to decline, as they did not meet wholesalers’ expectations.
Certified polished diamond prices fell in June as Far East and Indian demand stalled and industry liquidity dried up as the Indian Rupee collapsed.
Diamond prices were highly volatile in June, but the trend remained downward.
Just about everyone in the diamond industry has seen the chart that lays out the long-term supply demand equation…
De Beers’ Diamond Trading Company has notified its sightholder members that they may defer their goods at the next DTC sight…