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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. Last month we analyzed Martin Rapaport’s statement on how the diamond market is split into two segments. (Catch up on September’s Natural Diamond Prices blog post.)
Let’s take a closer look at how the occurrences throughout September had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for October 2022:
Where to buy loose diamonds: For the highest quality diamonds try Whiteflash, James Allen, and Blue Nile they all have fantastic selections of loose diamonds.
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 77.59% (popularity) and decreasing by 4.88% in popularity since September 2022. Oval continues to sit in second place making up 7.52% (popularity) and increasing by 15.16% in popularity since last month. Emerald decreased in popularity by 0.84%, making third place and pushing cushion to fourth for the second month in a row. Radiant has made a return to the Top 5 Popular Diamond Shapes by making fifth place since May this year.
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 | 8/1/2022 | 9/1/2022 | 10/1/2022 |
| 0.0 – 0.5 | -3 % ↓ | -5 % ↓ | -1 % ↓ |
| 0.5 – 1.0 | -1 % ↓ | -5 % ↓ | -1 % ↓ |
| 1.0 – 2.0 | 3 % ↑ | -7 % ↓ | -2 % ↓ |
| 2.0 – 3.0 | 1 % ↑ | -4 % ↓ | -1 % ↓ |
| 3.0 – 4.0 | 0 % | -2 % ↓ | -1 % ↓ |
| 4.0 – 99 | 0 % | -2 % ↓ | -2 % ↓ |
This October the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $9,071 compared to September 2022 which was an average price of $9,070. The average price per carat for round diamonds has increased 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 November’s diamond prices.
Based on your knowledge of the state of the natural diamond market. What are your predictions for the upcoming festive 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 October 2022:
Rapaport:
Rapaport Market Brief – October 6, 2022
Market sentiment cautious amid softening prices. 1 ct. RAPI -3.8% in Sep. and -9.7% during 3Q. Retail jewelers expecting steady holiday sales but being careful not to hold large inventories amid economic uncertainty.
Price Decline Fueling Diamond Trade Uncertainty
Polished trading was slower than usual in September as US economic uncertainty and the slowdown in China affected sentiment. Dealers were cautious as polished prices continued to slide.
Israel Polished Exports More Than Double
Israel’s diamond shipments jumped sharply in September, reflecting annual variation in the timing of the Jewish holidays as well as the return of the main Far East trade show.
US Diamond Imports See Positive Momentum
Imports of polished diamonds into the United States rose 9% year on year to $1.89 billion in July, continuing the momentum experienced in the first half, according to data from the country’s Department of Commerce. The volume of shipments fell 17%, signaling a shift to larger and better-quality goods; the average price of imports increased 33% to $2,144 per carat.
India’s Polished Exports Decline in August
India’s polished-diamond exports fell 7% year on year to $1.88 billion in August, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). However, rough imports increased during the month, indicating an inventory buildup at manufacturers.
IDEX:
IDEX Polished Price Index for September: Sixth Month of Consecutive Decline
The IDEX Polished Price Index suffered a sixth consecutive month of decline in September. It was down 2.34 percent, the biggest drop since the Index started falling early in March. In August it fell by 2.31 percent. The September decline was almost a straight line, much as it has been in recent months. The Index began falling in early March.
