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…
Although, natural diamond prices have decreased over the past three months due to the industry weathering geopolitical and economic difficulties. Industry experts are feeling optimistic amid the holiday season. According to Martin Rapaport, the market could split into two segments: high- and low-value goods react differently to the current economic uncertainty (read more below).
Let’s take a closer look at how the occurrences throughout August had an effect on the Popular Diamond Shapes Chart and the state of Natural Diamond Prices for September 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 81.57% (popularity) and decreasing by 0.36% in popularity since August 2022. Oval continues to sit in second place making up 6.53% (popularity) and increasing by 4.82% in popularity since last month. Emerald increased in popularity by 31%, making third place and pushing cushion to fourth. Princess has made Top 5 Popular Diamond Shapes for the first time since August 2021.
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||7/1/2022||8/1/2022||9/1/2022|
|0.0 – 0.5||-2 % ↓||-3 % ↓||-5 % ↓|
|0.5 – 1.0||-1 % ↓||-1 % ↓||-5 % ↓|
|1.0 – 2.0||0 %||3 % ↑||-7 % ↓|
|2.0 – 3.0||0 %||1 % ↑||-4 % ↓|
|3.0 – 4.0||1 % ↑||0 %||-2 % ↓|
|4.0 – 99||1 % ↑||0 %||-2 % ↓|
This September the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $9,070 compared to August 2022 which was an average price of $9,207. The average price per carat for round diamonds has decreased by 1.49% 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 October’s diamond prices.
According to Martin Rapaport inexpensive diamonds will be very sensitive to price increases. Noting that the cheapest goods might even show some improvement as buyers shift to the lower price points. He went on to say that you’ll see the bigger diamonds, where people just don’t care about the prices. If the prices increase, they’re going to want to buy more of them in an inflationary environment. So we’re looking at interesting market scenarios here. We’re looking at changes. We’re looking at a bifurcation or separation of markets.
Based on your knowledge of the state of the natural diamond market. What are your predictions for the rest of 2022? Let us know by clicking the comments button below.
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Latest Publications on Diamond Prices September 2022:
US market optimistic as holiday season approaches. Sales not expected to match 2021, but jewelers seeing steady interest as consumer confidence improves.
The International Gemological Institute (IGI) has added a cut grade to its reports for loose fancy-shaped diamonds that will assess the influence of cut quality on light behavior.
US polished-diamond imports rose 55% year on year to $2.2 billion in June, capping off a strong first half of 2022, according to recent data from the country’s Department of Commerce. Imports for the six months gained 38% year on year.
There were significant losses among rounds, as the war in Ukraine enters its seventh month. A more mixed picture among fancies. Indian manufacturers are still filling the supply gaps, especially small goods, by switching to lab growns.
Tanzania’s diamond revenue slumped by 55 per cent in the second quarter of this year, down from $38.4m to $17.4m.