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From a global pandemic to a war. Yet another global disaster to humanity many of us did not see coming. It’s been just over a month since Russia invaded Ukraine and what is to be considered Europe’s largest refugee crisis since World War II. On March 11, the US government banned imports of Russian diamonds. The sanctions extend to rough diamonds mined in Russia and stones cut and polished in the country. Bear in mind that Russia produces 1/3 of the world’s diamonds. It is still uncertain how this will impact the supply of diamonds throughout the world. So, let’s take a closer look at the Top 5 Popular Diamond Shapes and the state of Natural Diamond Prices for April 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 72.28% (popularity) and increasing by 1.36% in popularity since March 2022. Oval sits in second place making up 7.26% (popularity) and rising by 0.6% in popularity since last month. Cushion remains in third place making up 5.66% (popularity), although slightly decreasing in popularity by 0.75% since last month. Emerald and radiant continue to sit in fourth and fifth place of the Top 5 Popular Diamond Shapes since February 2022.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months.
| Diamond Price Changes from 2/1/2022 to 4/1/2022 | |||
| Diamond Carat Sizes | 2/1/2022 | 3/1/2022 | 4/1/2022 |
| 0.0 – 0.5 | 1 % ↑ | 6 % ↑ | 2 % ↑ |
| 0.5 – 1.0 | 2 % ↑ | 7 % ↑ | 2 % ↑ |
| 1.0 – 2.0 | 2 % ↑ | 4 % ↑ | 4 % ↑ |
| 2.0 – 3.0 | 2 % ↑ | 3 % ↑ | 3 % ↑ |
| 3.0 – 4.0 | 3 % ↑ | 3 % ↑ | 3 % ↑ |
| 4.0 – 99 | 2 % ↑ | 1 % ↑ | 2 % ↑ |
This April the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $9,921 compared to March 2022 which was an average price of $10,158. The average price per carat for round diamonds has decreased this month.
The current average and lowest prices per carat are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity.
We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds. 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. Keep an eye out for May’s diamond prices.
What does the shutdown of Alrosa in the US mean for the supply of diamonds? Moreso, what could this mean for natural diamond prices? We would love to know your May natural diamond industry predictions – Click the comments button below.
Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.
Latest Publications on Diamond Prices April 2022:
Rapaport:
Rapaport Group Takes Action Following Russian Invasion
The Rapaport Group of Companies has suspended all activity with all Russian and Belarusian companies. This includes Rapaport Information Services, RapNet Trading Network, Auctions, Brokerage and Quality Control services for both sanctioned and unsanctioned companies.
Rapaport Weekly Market Comment
Diamond market sluggish due to US economic caution and China Covid-19 restrictions. Polished price decline fueling uncertainty.
Chopard Stops Sourcing Russian Diamonds
Chopard has become the latest retailer to boycott diamonds originating from sanctioned Russian companies, citing its policy on responsible sourcing.
Russia’s Invasion of Ukraine is Another Defining Moment for the Diamond Industry
Russia’s invasion of Ukraine is another defining moment for the diamond industry.
IDEX:
The IDEX Polished Price Index rose steeply over a couple of days early in March, but declined steadily day by day during the rest of the month.
Prices kept rising overall during March, but there were more price drops among both rounds and fancies than we have seen of late.
Forbes:
Russia’s Alrosa, the world’s largest producer of mined diamonds, is placed on list of companies to be sanctioned. With mined diamond supply already at historic lows, this will impact supply even further and drive prices for diamond jewelry even higher.
