By Erika W.
Retail Diamond Prices Steady in February
Pricescope charted slight changes in retail diamond prices for February 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 February 2012
0 to 0.5 ct down 1%
0.5 to 1.0 ct down 1%
1.0 to 2.0 ct no change
2.0 to 3.0 ct up 1%
3.0 to 4.0 ct up 1%
4.0 to 99 ct up1%
The Pricescope diamond price chart illustrates a 1% decrease in retail prices for carat weights of 0-0.5 and 0.5-1.0. Prices rose by 1% for 2.0-3.0, 3.0-4.0 and 4.0-99 carats. There were no price changes for diamonds of 1.0-2.0 carats during the month of February. Pricescope has been charting retail diamond prices since 2007.
The well awaited, some will say belated, improvement in trading has finally started. Traders in New York City, Antwerp, Mumbai and Israel are reporting good business and speculative buying is starting.
De Beers DTC sight estimated at $600M with prices stable. Rough dealer markets improve slightly with most boxes trading close to DTC list. Polished markets relatively steady with some softening of 1ct.
Market players have provided mixed reports from the Hong Kong jewellery show, which serves as an important indicator for buying appetite by consumers in mainland China and the region.
Chinese demand has helped more than double the prices of rare diamonds over the past five years, according to an industry group, as Chinese investors look for places to park their growing wealth.
The high-end jewelry retailer Graff Diamonds is expected to conduct an initial public offering in Hong Kong by the end of the June to raise up to $1 billion, according to people with knowledge of the matter.