By Erika W.
Diamond Prices Stabilize
The considerable retail diamond price increases from January through July 2011 have lost momentum. Last month we charted weakening retail diamond prices, and the trend has continued through the month of September. Prices continued to decrease for the 0-2.0 carat range while prices for 2.0-3.0 carats stabilized, and only slight increases were charted for stones of 3.0+ carats.
The list below reflects diamond price changes for September 2011. 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 September 2011
0 to 0.5 ct 2% down
0.5 to 1.0 ct 1% down
1.0 to 2.0 ct 1% down
2.0 to 3.0 ct no change since last month’s 2% increase
3.0 to 4.0 ct 1% up
4.0 to 99 ct 1% up
The Pricescope diamond price chart illustrates minor price decreases from September to October 1st. Pricescope has been charting retail diamond prices since 2007.
ALROSA has pledged to keep its rough diamond prices stable even as it anticipates demand to soften in the coming months.
The polished markets were slow to pick up after the summer break, but the fall in prices which had begun at the start of August stabilised in September.
Less well-known is that, for an industry that employs over 10 million people around the world and generates jewelry revenues in excess of $70 billion year after year, the pricing of polished diamonds, the key part of the diamond pipeline that directly affects the prices of our rings, earrings and watches, is a contested practice going through a period of reexamination.
Trading of rough diamonds remains eerily quiet following this past week’s Diamond Trading Company (DTC) sight as buyers continue to push for further discounts in the dealer market. The sight closed with an estimated value of $500 million as De Beers made no change to prices or assortments.
Polished diamond prices continued to soften throughout September, after their swift ascent in June and July, according to IDEX Online Polished Diamond Index.