Natural Diamond Prices – March 2023
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…
As the world prepares to recover from the COVID-19 global pandemic so has the diamond industry. We have seen a positive increase in the average price of natural diamonds over the past couple of months. We have also seen a shift in the Top 5 Popular Diamond Shapes as many traditional shapes that were trending pre-COVID have since become less popular. Let’s take a closer look at the Top 5 Popular Diamond Shapes and state of natural diamond prices for November 2021:
Round diamonds continue to be the most popular shape of diamond on the market making up 77.97%. Princess has not made the Top 5 Popular Diamond Shapes for three months in a row despite traditionally being the second most popular shape of diamond pre-COVID. Oval continues to sit in second place making up 5.61% (popularity) – could this be caused by the increase in celebrity oval engagement rings? Cushion remains in third place. Pear continues to make the Top 5 Popular Diamond Shapes two months in a row since making a comeback from May this year.
The table below gives you the rundown and details of the changes for the last three months (09/01/2021 – 11/01/2021).
|Diamond Price Changes from 9/1/2021 to 11/1/2021|
|Diamond Carat Sizes||9/1/2021||10/1/2021||11/1/2021|
|0.0 – 0.5||-1 % ↓||-4 % ↓||-4 % ↓|
|0.5 – 1.0||-2 % ↓||-3 % ↓||-2 % ↓|
|1.0 – 2.0||1 % ↑||-1 % ↓||0 %|
|2.0 – 3.0||1 % ↑||0 %||1 % ↑|
|3.0 – 4.0||2 % ↑||-1 % ↓||0 %|
|4.0 – 99||1 % ↑||0 %||0 %|
This November the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,478.
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. The database contains over 1 million diamonds to search and compare. 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 December’s diamond prices.
As we head into the shopping season, we’re eager to see the impact that the festive season may have on the average price of natural diamonds. Shopping for natural diamonds? Check out the PriceScope Diamond Search.
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