Precision Cut Lab-Grown Diamonds at Whiteflash
Did you know that Whiteflash offers precision cut lab-grown diamonds? In 2022, Whiteflash announced the launch of its Precision Lab brand for shoppers looking to avoid paying the elevated price…
PriceScope is your go-to resource for learning about the current state of the diamond market. We discuss how socio-economic implications such as the current recession affect consumer buying behavior and the price of natural diamonds.
According to a National Retail Federation (NRF) and Prosper Insights & Analytics survey, more than 166 million US consumers were expected to make holiday purchases over the five-day Thanksgiving weekend, a rise of nearly 8 million people compared to 2021.
Let’s take a closer look at how the economic activity throughout November especially Thanksgiving weekend (including Black Friday and Cyber Monday) had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for December 2022:
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Round diamonds continue to be the most popular shape of diamond on the market making up 77.54% (popularity) and increasing by 2.84% in popularity since November 2022. Oval continues to sit in second place making up 5.65% (popularity) but decreasing by 21.31% in popularity compared to last month. Cushion continues to sit in third place two months in a row, making up 5.04% (popularity) and increasing in value by 3.28% (popularity). Emerald continues to sit in fourth place two months in a row and princess has made a comeback to the Top 5 Popular Diamond Shapes since September 2022.
|Round Diamond Price Changes For The Last 3 months|
|Diamond Carat Sizes||10/1/2022||11/1/2022||12/1/2022|
|0.0 – 0.5||-1 % ↓||-1 % ↓||-2 % ↓|
|0.5 – 1.0||-1 % ↓||-2 % ↓||-3 % ↓|
|1.0 – 2.0||-2 % ↓||-2 % ↓||-6 % ↓|
|2.0 – 3.0||-1 % ↓||-2 % ↓||-9 % ↓|
|3.0 – 4.0||-1 % ↓||-1 % ↓||-8 % ↓|
|4.0 – 99||-2 % ↓||-1 % ↓||-2 % ↓|
This December the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,588 compared to November 2022 which was an average price of $8,714. The average price per carat for round diamonds has decreased by 1.46% since last 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 1,000,000 diamonds currently in the database. 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 January 2023’s diamond prices.
In conclusion, diamond prices declined in November 2022. Demand weakened due to the slowdown in China and US economic decline, resulting in a buildup of midstream natural diamond inventory. Based on your knowledge of the state of the natural diamond market. What are your predictions for January 2023 and the new year? Let us know by clicking the comments button below.
On behalf of the PriceScope team, we want to take the opportunity to wish you love and light this holiday season, and a Happy Hanukkah to our Jewish members.
Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.
India’s polished-diamond exports declined 4% year on year to $1.25 billion in November, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). A slump in volume outweighed a strengthening of the average export price.
US polished-diamond imports rose for the 19th consecutive month, increasing 18% year on year to $1.68 billion in September, according to recent data from the country’s Department of Commerce. The growth was stronger than August’s 1% gain.
India’s main jewelry body gave a cautious outlook for the diamond industry after polished exports and rough imports fell sharply in October.