November has come and is on its way out in the blink of an eye. Wish lists are made, and people are shopping for new sparkle to bring home for…
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 the price of natural diamonds.
To our surprise business slowed down during the Jewish holidays and the Diwali celebration. Despite significant inflation, US diamond retailers are hopeful about the approaching Thanksgiving and Christmas holidays.
Let’s take a closer look at how the significant decline in economic activity throughout October had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for November 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 75.40% (popularity) but decreasing by 2.82% in popularity since October 2022. Oval continues to sit in second place making up 7.18% (popularity) but decreasing by 4.52% in popularity since last month. Cushion has replaced emerald in third place, making up 4.88% (popularity) and increasing in value by 51.55% (popularity). Emerald and radiant continue to make Top 5 Popular Diamond Shapes sitting in fourth and fifth place.
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||9/1/2022||10/1/2022||11/1/2022|
|0.0 – 0.5||-5 % ↓||-1 % ↓||-1 % ↓|
|0.5 – 1.0||-5 % ↓||-1 % ↓||-2 % ↓|
|1.0 – 2.0||-7 % ↓||-2 % ↓||-2 % ↓|
|2.0 – 3.0||-4 % ↓||-1 % ↓||-2 % ↓|
|3.0 – 4.0||-2 % ↓||-1 % ↓||-1 % ↓|
|4.0 – 99||-2 % ↓||-2 % ↓||-1 % ↓|
This November the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $8,714 compared to October 2022 which was an average price of $9,071. The average price per carat for round diamonds has decreased by 3.94% 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 December’s diamond prices.
According to a Deloitte report, US shoppers will buy fewer gifts this Christmas season as they struggle with increased pricing and more precarious financial situations. Based on your knowledge of the state of the natural diamond market. What are your predictions for the upcoming gifting season? Let us know by clicking the comments button below.
Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.
Written by PS Admin
Latest Publications on Diamond Prices November 2022:
Polished trading cautious as Indian suppliers return from Diwali break. US driving demand. Focus on memo as jewelers limit inventory during economic uncertainty. Rising expectations for the season.
Diamond trading was cautious in October as demand softened. Dealers lacked the urgency to buy, anticipating further price drops.
India’s polished-diamond exports rose 12% year on year to $2.13 billion in September as a higher average price offset a drop in volume, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC).
The IDEX Polished Price Index continued its near-straight line decline for a seventh consecutive month in October. It fell by 1.86 percent, slightly less than September’s 2.34 percent, but still the second biggest drop since April.