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Due to the US Summer holidays, the natural diamond trade has been subdued this season. Uncertainty in the economy has caused reason for concern about the future of the natural diamond industry. Consumers are becoming more aware of how much they spend on natural diamonds.
Let’s take a closer look at how the occurrences throughout June and the spending behavior of consumers had an effect on the Top 5 Popular Diamond Shapes and the state of Natural Diamond Prices for July 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 80.67% (popularity) and increasing by 1.51% in popularity since June 2022. Oval sits in second place making up 7.56% (popularity) and decreasing by 3.08% in popularity since last month. Cushion remains in third place making up 3.00% (popularity), and decreasing in popularity by 36.31% since last month. Emerald continues to sit in fourth place and marquise continues to make the Top 5 Popular Diamond Shapes for the second month in a row.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
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 Sizes | 5/1/2022 | 6/1/2022 | 7/1/2022 |
| 0.0 – 0.5 | -6 % ↓ | -3 % ↓ | -2 % ↓ |
| 0.5 – 1.0 | -6 % ↓ | -4 % ↓ | -1 % ↓ |
| 1.0 – 2.0 | -3 % ↓ | -2 % ↓ | 0 % |
| 2.0 – 3.0 | -2 % ↓ | -1 % ↓ | 0 % |
| 3.0 – 4.0 | -2 % ↓ | -2 % ↓ | 1 % ↑ |
| 4.0 – 99 | -1 % ↓ | -1 % ↓ | 1 % ↑ |
This July the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $9,587 compared to June 2022 which was an average price of $9,588. The average price per carat for round diamonds has decreased by 0.01% 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 August’s diamond prices.
The diamond industry is undergoing fundamental disruption as political, economic, and social issues disturb the supply chain, reduce demand, and shift consumer shopping behavior. Based on recent political, economical, and societal occurrences we would love to read your industry predictions for the forthcoming months– 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 July 2022:
Rapaport:
US Polished Imports Grow at Slower Rate
US polished-diamond imports increased 13% to $1.8 billion in April, but the growth was weaker than in the first quarter of the year, according to recent data from the US Department of Commerce. The month was the first in which the US ban on direct imports of Russian diamonds had a sizable impact on the market, as the sanctions went into effect in mid-March.
De Beers Sales Accelerate Following Price Rise
De Beers’ sales soared to $650 million in June as demand held up and the lack of Russian supply led to shortages.
India’s Diamond Trade Bounces Back in May
India’s rough imports rose 14% to $1.43 billion in May as the country sought to offset the decline in Russian rough supply. Polished exports grew 4% year on year to $2.09 billion, according to data from the Gem & Jewellery Export Promotion Council (GJEPC). Both measures had declined in April.
IDEX:
Covid Lockdowns Hit China’s Diamond Trade
China’s diamond trade declined by over 46 per cent in the first half of this year, as Shanghai was hit by a two-month long Covid lockdown.
IDEX Polished Price Index Declines Steadily in June
The IDEX Polished Price Index continued its gradual decline through June, down by 1.18 per cent at the close of the month. The near-straight line slide was somewhat steeper than May, when it fell by 0.69 per cent. In April it declined by more than 2.1 per cent. Before that, January and February showed sharp increases, down by 5.67 per cent and 4.14 per cent respectively.
Edahn Golen – Diamond Research and Data:
Global Diamond Production +12% in 2021 – But Really Declining
Global diamond production increased 11.9% to 120 million carats in 2021. Usually, a rise in production indicates improved activity in the diamond industry. However, last year’s production fell short compared to 2019, and it was one of the lowest production levels in more than a decade.
