By Erika Winters
Diamond Prices News Roundup – August 2014
Retail diamond prices fell slightly in August following decreases in July. Retail diamond price changes are based on Pricescope’s database of over 450,000 diamonds from retail stores. Read more about diamond price changes below.
Retail Diamond Price Changes for August 2014
0 to 0.5 carat: -1%
0.5 to 1.0 carat: no change
1.0 to 2.0 carats: -1%
2.0 to 3.0 carats: no change
3.0 to 4.0 carats: no change
4.0 to 99 carats: -1%
Pricescope has been charting retail diamond prices since 2007.
Read some of the latest stories in diamond price news…
Polished diamond prices declined in August as trading slowed and liquidity tightened in the manufacturing centers.
The IDEX Online Polished Diamond Index decreased in August to 135.7 from 136.7 in July. In round items, all sizes decreased in price apart from 0.5 carat and 2.0 carat items which were both up.
Diamond prices will keep rising from a three-year high in the first half because of Chinese and U.S. demand, according to the head of Gem Diamonds Ltd.
The rough diamond sector has had two price drivers in the past couple of months: good demand for polished diamonds accompanied by rising polished prices, and Alrosa’s announcement that it will supply fewer rough goods in the July-September period.
There is generally a good mood in the entire diamond pipeline, something I haven’t seen in quite some time. From top to bottom, diamond miners are reporting an increase in income and production, as well as a rise in rough diamond prices.