Natural Diamond Prices – July 2023

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:

Where to buy loose diamonds: For the highest quality diamonds try WhiteflashContinental DiamondJames Allen, and Blue Nile they all have fantastic selections of loose diamonds.


Top 5 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.  


Round Diamond Price Changes For The Last 3 months
Diamond Carat Sizes5/1/20236/1/20237/1/2023
0.0 – 0.53 % 2 % 1 % 
0.5 – 1.00 %-4 % -3 % 
1.0 – 2.0-1 % -2 % -1 % 
2.0 – 3.0-1 % -1 % 0 %
3.0 – 4.00 %-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:


Market Comment

Trading slow. Weak demand for 0.25 ct. and larger polished is leading to price declines. 

India’s Diamond Trade Slows in May

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 Polished Imports Rebound

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.


IDEX Price Report for 1 July: Rounds Down Again, Fancies Fare Better

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. 

Today is D-Day for De Beers and Botswana Deal

The deadline is now only hours away for De Beers and the Botswana government to renew the long-standing deal that now covers the sale of 25m carats a year.
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