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.
Although Christmas 2022 fell short of expectations, industry experts trading natural diamonds report a positive year overall and are certain they can face the difficulties of 2023. They are concerned, though, about consumer confidence. This concern comes after the rise in the popularity of lab-grown diamonds.
Let’s take a closer look at how the economic activity throughout January ahead of Valentine’s Day had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for February 2023:
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Round diamonds continue to be the most popular shape of diamond on the market making up 80.43% (popularity) and increasing by 3.25% in popularity since January 2023. Oval continues to sit in second place making up 4.90% (popularity) but decreasing by 7.37% in popularity since last month. Emerald has replaced cushion in third place, making up 4.22% (popularity). Cushion continues to make Top 5 Popular Diamond Shapes sitting in fourth place. Marquise has made a comeback to the Top 5 Popular Diamond Shapes since August 2022 and is sitting in fifth place.
| Round Diamond Price Changes For The Last 3 months | |||
| Diamond Carat Sizes | 12/1/2022 | 1/1/2023 | 2/1/2023 |
| 0.0 – 0.5 | -2 % ↓ | -2 % ↓ | 2 % ↑ |
| 0.5 – 1.0 | -3 % ↓ | -2 % ↓ | -1 % ↓ |
| 1.0 – 2.0 | -6 % ↓ | -4 % ↓ | 1 % ↑ |
| 2.0 – 3.0 | -9 % ↓ | -7 % ↓ | 2 % ↑ |
| 3.0 – 4.0 | -8 % ↓ | -7 % ↓ | 3 % ↑ |
| 4.0 – 99 | -2 % ↓ | -1 % ↓ | -1 % ↓ |
This February the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,236 compared to January which was an average price of $8,541. The average price per carat for round diamonds has decreased by 3.70% 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 March’s diamond prices.
The price of natural diamonds remained stable for the majority of January but fell in the last week as the industry evaluated its prospects following the holiday season. Based on your knowledge of the natural diamond market. What are your predictions for the natural diamond market in 2023? Let us know by clicking the comments button below.
Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.
PREVIOUS DIAMOND PRICE REPORTS
Written by PS Admin
The steady barrage of negative economic news has dealers concerned about the impact on business. While holiday 2022 did not meet expectations, wholesalers report a good year overall and remain optimistic about weathering the challenges of 2023. However, they worry about consumer confidence.
De Beers’ prices jumped last year as steady retail sales and shortages of Russian goods supported demand for the miner’s production.
The Rapaport Price List is the primary source of diamond prices and market information. It is the international benchmark used by dealers to establish diamond prices in all the major markets.
Despite U.S. sanctions, Russian diamond sales rose after the Ukraine war began, according to Kimberley Process (KP) statistics for the first half of 2022.
Tensions between India’s two biggest diamond-buying nations – China and the USA – could make matters even worse for Surat’s 4,000 manufacturing units, following the “balloon incident”.
Botswana is threatening to walk away from its deal with De Beers unless it can agree “more favorable” terms.
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