Diamond Prices News Roundup – November 2012
Retail diamond prices remained relatively steady in November. Retail prices for 0 to 1.0 carat diamonds declined by an average of 1.5%, while prices for diamonds of 2.0 to 99 carats increased by an average of 1.3%. Retail diamond price changes are based on Pricescope’s database of over 450,000 diamonds from retail stores.
Both Rapaport and Idex reported an overall 0.7% decrease in polished diamond prices, reflecting lower demand resulting from global economic uncertainty, Superstorm Sandy, and the November U.S. elections. With the holidays approaching, retail diamond prices are anticipated to rise.
Retail Diamond Price Changes for November 2012
0 to 0.5 carat: – 1%
0.5 to 1.0 carat: – 2%
1.0 to 2.0 carats: no change
2.0 to 3.0 carats: + 1%
3.0 to 4.0 carats: + 1%
4.0 to 99 carats: + 2%
Pricescope has been charting retail diamond prices since 2007.
Certified polished diamond prices edged down in November as the holiday season started with mixed prospects for the jewelry sector.
Polished diamond prices continued to soften in November, declining by 0.7 percent compared to October and by 6.2 percent year-over-year, according to the IDEX Online Polished Diamond Price Index.
KOLKATA: The diamond industry in Surat expects prices to remain strong after the market reopens on December 1 following the Diwali vacation , and is hopeful that demand in the next quarter will rise at an annual 10% -15 %.
Russian diamond producer Alrosa plans to enhance its diamond-bearing ore production from underground mines by over 15% when compared to 2012 levels.
On Nov. 13, Harry Winston announced plans to purchase BHP’s controlling interest in the Ekati diamond mine in Canada’s Northwest Territories for $500 million—a move that will greatly expand the company’s reach in the diamond mining business.