Natural Diamond Prices – January 2023

PriceScope is your go-to resource for knowing about the current state of the natural diamond market. We discuss how current socio-economic issues affect consumer buying behavior and the price of natural diamonds.

Let’s take a closer look at how the economic activity over the December 2022 holiday period had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for January 2023:

Where to buy loose diamonds: For the highest quality diamonds try Whiteflash, Continental Diamond, James Allen, Blue Nile, or Adiamor they all have fantastic selections of loose diamonds.


Popular Diamond Shapes - January 2023

Round diamonds continue to be the most popular shape of diamond on the market making up 77.99% (popularity) and increasing by 0.58% in popularity since December 2022. Oval continues to sit in second place making up 5.29% (popularity) but decreasing by 6.37% in popularity compared to last month. Cushion continues to sit in third place three months in a row, making up 4.79% (popularity) and decreasing in value by 4.96% (popularity). Emerald continues to sit in fourth place three months in a row and radiant has made a comeback to the Top 5 Popular Diamond Shapes since November 2022. 


Natural Diamond Price Chart - January 2023

The table below gives you the rundown and details of the changes for the last three months:

Round Diamond Price Changes For The Last 3 months
Diamond Carat Sizes11/1/202212/1/20221/1/2023
0.0 – 0.5-1 % -2 % -2 % 
0.5 – 1.0-2 % -3 % -2 % 
1.0 – 2.0-2 % -6 % -4 % 
2.0 – 3.0-2 % -9 % -7 % 
3.0 – 4.0-1 % -8 % -7 % 
4.0 – 99-1 % -2 % -1 % 

Average Price Per Carat For a Round Diamond - January 2023

This January the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,541 compared to December 2022 which was an average price of $8,588. The average price per carat for round diamonds has decreased by 0.55% 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 with over 1,000,000 diamonds in the database. The PriceScope diamond price chart page shows the complete diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Keep an eye out for February 2023’s diamond prices. 

In conclusion, prices for polished continue to decrease. Due to the winter downturn, ongoing economic uncertainties, and the recession in China, polished trading was sluggish. Based on your knowledge of the natural diamond market. What are your predictions for February 2023 and the new year? Let us know by clicking the comments button below.

On behalf of the PriceScope team, we would like to take the opportunity to wish you a Happy New Year! May 2023 be a year filled with growth and prosperity.

Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.


Latest Publications on Diamond Prices January 2023:


Market Comment – 12 January 2023

Diamond trade uncertain amid slow demand. Polished production low as cutters seek to reduce inventory of less-popular goods. All eyes on next week’s De Beers sight as rough prices decline at auctions.

Israel’s Polished Exports See Fifth Decline in Six Months

Israel’s diamond shipments slumped in December as local and global markets continued to face geopolitical and economic pressures.

The Year in Diamonds, Month by Month

The weekly Rapaport Market Comments are some of the most popular articles on this site, summarizing the important news and trends in the diamond industry. As 2022 comes to an end, here are the key points we highlighted in a topsy-turvy year for traders.

US Polished Imports Slip in October

US polished-diamond imports saw a rare decline, falling 5% year on year to $1.89 billion in October, according to recent data from the country’s Department of Commerce. The decrease was the first in 20 months and reflected lower volumes, which outweighed a higher average price.

India Polished Exports Drop Ahead of Holidays

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.


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