Diamond Prices News Roundup – September 2012
Retail diamond prices increased in September, following price dips in June and July and a relatively stable August. Prices for 1 to 2-carat stones rose by 5%, reflecting the trends for other carat weights. Pricescope tracks retail diamond prices each month from a database of over 450,000 diamonds.
Pricescope members can also track retail price changes with our new Diamond Price Alerts feature. Visit New Pricescope Diamond Search Features: Price Alerts to learn more.
Retail Diamond Price Percentages for September 2012
0 to 0.5 carat: no change
0.5 to 1.0 carat: + 2%
1.0 to 2.0 carats: + 5%
2.0 to 3.0 carats: + 6%
3.0 to 4.0 carats: + 6%
4.0 to 99 carats: + 7%
The Pricescope diamond price chart illustrates a 7% increase in retail prices for diamonds of 4.0 to 99 carats, a 6% increase for 2.0 to 4.0 carats, a 5% increase for 1.0 to 2.0 carats, and a 2% increase for diamonds of 0.5 to 1.0 carat. There were no price changes for diamonds of 0 to 0.5 carat. Pricescope has been charting retail diamond prices since 2007.
KOLKATA: Diamond prices are stabilising and volatility has dropped said Vikram Merchant, manager of Rio Tinto Diamonds, India office. But he added the rider that in the long run it will move upwards.
Certified polished diamond prices continued to soften in September as buyers remain cautious ahead of the fourth-quarter holiday season.
Petra Diamonds Ltd. (PDL), a producer of the gems in southern Africa, said there are signs of a recovery in demand after prices of unpolished stones slumped this year.
Polished diamond prices were largely stable in September, according to the IDEX Online Polished Price Index. Overall, average prices increased 0.1 percent during the month compared to August; however, from start to end, prices declined 0.6 percent.
De Beers is talking up the market and downplaying its production, as one expects it needs to do in the current economic environment. And it is not alone, as other miners follow suit.