Moderation of prices?

[Rockdiamond]

IDEX Price Report for 1 May: Fancies Fall, Mixed Fortunes for Rounds​

May 01, 22 by John Jeffay
Rounds

A more mixed picture than of late, ending months of near-blanket price rises. Goods over 3.0-ct still saw a raft of increases, albeit with some decreases, especially among 5.0-cts. Price drops dominated in goods under 0.80-cts. Among 0.80-cts-2.99-cts there was much activity and a near-even mix of prices rises and drops, with 1.00-1.24-cts dominated by price drops. 0.50cts-0.69cts goods saw drops among I+ and SI+. 0.70-cts-0.79-cts were more down than up. 0.80-cts-0.89-cts were evenly split, with rises among H+ and VS1+. 0.90-cts-0.99-cts saw little movement. 1.25-cts-2.99-cts were evenly mixed.



Highlighted changes



Rounds



0.80-0.89 ct. D-H / IF-VS1 +2-5%, D-G / SI1-I1 -1.5-4%

1.00-1.24 ct. D-F / VVS1-SI2 -3-4.5%, G-I / VS2 +2-3%

1.50-1.99 ct. D-H / IF-VVS2 -1.5-3%, F-H / VS2-SI1 +2-3.5%



Fancies



1.50-1.99 ct. H-J/ IF-SI1 -1-6.5%, F-G / VS1+ +1-5%

2.00-2.99 ct. H-K / IF-VS2 -2.5-5%, D-H / SI1-2 +.5-3.5%

5.00-5.99 ct. J-M / IF-VS2 +1-5%, D-E / VVS1-SI1 -.5-4%


Maybe price increases are reversing?

 

[lulu_ma]

Am I reading this correctly? High color 5 ct+ fancies decreased but warmer J-M stones increased?

5.00-5.99 ct. J-M / IF-VS2 +1-5%,

 

[Rockdiamond]

Am I reading this correctly? High color 5 ct+ fancies decreased but warmer J-M stones increased?

5.00-5.99 ct. J-M / IF-VS2 +1-5%,

Based on the article, yes.
I'm a bit skeptical of statistics...in general, and in this instance. Overall, I can feel prices moderating a bit.

Specific stones will always break rules....one way or the other....nicer stones commanding premiums and crappy stones being sold from weaker positions decreasing the specific price....

 

[Karl_K]

To soon to tell.
My opinion is:
The volume of stones at 5ct+ is low enough that one super nice stone that sells high or a not so nice one that sells low can move the average.

 

[Rockdiamond]

Great point Karl! It's like when they say people in a given country have gained weight on average....clearly, it doesn't apply to everyone specifically.
But we're both thinking of the extremes....
IN the common sizes such as 1-1.25cts there's a far larger sample size, more reliable statistically speaking.

 

[lulu_ma]

How large do you think the sample size is for 5-5.99 ct? And how does IDEX get their data?

 

[AllAboardTheBlingTrain]

This is interesting. What about the prices for even larger fancies (in the 7+ct range)? I have a friend who wants to buy a large rock as an anniversary present and was advised by his jeweler to hold off unless it was urgent because prices were rising sharply (about a year ago). Have things started stabilising in that size range or is there no real way to tell?

 

[LilAlex]

That's a strong buy signal!

And that's before the market tanked but after bonds lost 10% so the buyer pool is shrinking a bit.

 

[Garry H (Cut Nut)]

The Pricescope and RapNet info says about the same, with RapNet still falling

 

[diagem]

Not sure what current statistics show but I tend to look up over my horizon....

Ukraine Conflict: No Easy Answers for Diamond Business​

http://www.idexonline.com/Memo?id=47629

 

[Garry H (Cut Nut)]

Not sure what current statistics show but I tend to look up over my horizon....

Ukraine Conflict: No Easy Answers for Diamond Business​

http://www.idexonline.com/Memo?id=47629

We have been discussing that insightful article here Yoram

Do not buy Russian diamonds

Sure, a diamond that comes from the mines of Russia pass thru many hands on the way to a diamond dealer. It might go to India, Belgium or Israel for finishing and polishing, but dealers know the origin of a diamond. In light of what is going on in the Ukraine right now with the brutality of the...

www.pricescope.com