By Erika Winters
Diamond Prices News Roundup – November 2013
Following October’s retail diamond price increases, Pricescope charted no diamond price changes during the month of November. Retail diamond price changes are based on Pricescope’s database of over 450,000 diamonds from retail stores.
Pricescope has been charting retail diamond prices since 2007.
Read some of the latest stories in diamond price news…
Certified polished diamond prices were stable in November supported by improving demand during the Christmas shopping season. Diamond dealers were focused on supplying U.S. jewelers with strong demand for lower priced commercial quality diamonds as consumers tighten their holiday shopping budgets.
World’s biggest diamonds producer Alrosa is anticipating a big jump in prices for these gems due to both reduced production in the medium term will and increasing demand.
With the slowing global economy posing a threat to diamond sales, the world’s largest rough-diamond miner De Beers has introduced forward contract sales, allowing customers to book the required quantities and types of the stone for a future month.
As per the latest figures issued by Gems and Jewellery Export Promotion Council (GJEPC), India’s polished diamond export has increased phenomenally by 56 per cent year on year to $2.15 billion in October.
With big diamonds fetching such stratospheric prices this autumn, it is small wonder that the stones have held their value with collectors and investors.