September is closing out, and fall is definitely here. That said, our love of jewelry is evergreen, and we can visit blingy eye candy anytime we like! On Throwback Thursdays,…
PriceScope is your go-to resource for learning about the current state of the diamond market. We discuss how socio-economic implications affect consumer buying behavior and the price of natural diamonds.
The current natural diamond market is highly competitive and consumers must be aware of potential price fluctuations when shopping for natural diamonds. It is important to do research before making a big ticket purchase. Keeping an eye on market trends when buying natural diamonds assists shoppers with making an educated buying decision.
Let’s take a closer look at how the economic activity throughout June had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices going into July 2023:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 80.88% (popularity) and decreasing by 1.33% in popularity since May 2023. Oval has increased in popularity by 46.26% moving up to second place. Emerald has increased by 56.55% in popularity, reaching third place. Surprisingly, cushion has decreased by 35.64% (popularity) shifting from second place in May to fourth place in June. Radiant has moved out of the Top 5 Popular Diamond Shapes rankings and replaced by Princess, which now sits in fifth place.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
|Round Diamond Price Changes For The Last 3 months|
|Diamond Carat Sizes||5/1/2023||6/1/2023||7/1/2023|
|0.0 – 0.5||3 % ↑||2 % ↑||1 % ↑|
|0.5 – 1.0||0 %||-4 % ↓||-3 % ↓|
|1.0 – 2.0||-1 % ↓||-2 % ↓||-1 % ↓|
|2.0 – 3.0||-1 % ↓||-1 % ↓||0 %|
|3.0 – 4.0||0 %||-1 % ↓||1 % ↑|
|4.0 – 99||-2 % ↓||0 %||1 % ↑|
This July the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,437 compared to May which was an average price of $7,921. The average price per carat for round diamonds has increased by 6.51% since May.
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 remember that cut quality and vendor services such as upgrades and returns can significantly affect 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.
Based on your knowledge of the natural diamond market. What are your predictions for the natural diamond market for the second half of 2023? Do you have any questions regarding diamond prices? Ask an expert! Simply 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 June 2023:
Trading slow. Weak demand for 0.25 ct. and larger polished is leading to price declines.
India saw a decline in rough and polished shipments in May as the global downturn continued. Polished exports fell 18% year on year to $1.72 billion, while rough imports dropped 19% to $1.17 billion.
Hong Kong’s diamond trade recovered in the first quarter of 2023 as business returned following last year’s COVID-19 shutdown. Polished imports grew 24% year on year to $4.37 billion, according to recent data from the Diamond Federation of Hong Kong, China. Polished exports also rose, while rough shipments declined.
Round prices maintained their long-term decline during June, but fancies fared significantly better, with price rises dominating in some sizes. Prices overall have been falling since hitting their peak last February.