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Market NewsIndex ReportsIndex drifts sideways in thin trade

Index drifts sideways in thin trade

With many offices closed for the holidays, the overall PolishedPrices index opened unchanged at the opening on Monday.

The main index, which covers all sizes between 0.3 carats and 3 carats, now stands at 123.9 points. This is 1.1% down on the year so far and 0.1% below its level of this time last year.

The benchmark sizes on the index, one carats, half carats and 0.3 carats, were mostly flat to lower, with Fine quality half carats nose diving 12.5% to their lowest value since March 2005.

Commercial one carat diamonds were in positive territory, gaining 6.1% on the week, although traders mainly attributed the increase to low volumes.

Benchmark groupings PolishedPrices Index.

    Current Levels   2006 Low 2006 High  
    Index Jan 04 = 100

Change from week ago

Change from year ago

Index Date W/E Index Date W/E Year to Date Change
  Overall 123.9

0.0%

-0.1%

121.3 09-Jul 128.3

22-Jan

-1.1%

                   
1 ct Fine 108.5

-5.1%

-14.1%

107.2 12-Feb 138.2

21-May

0.5%

  Commercial 123.9

6.1%

2.9% 111.3 08-Jan 133.4

21-May

7.9%

  Mixed 158.0

-2.7%

-0.7% 144.9 02-Jul 172.1

23-Jul

-0.5%

                   
0.5ct Fine 112.3

-12.5%

-4.7% 112.3 06-Aug 139.9

29-Jan

-16.4%

  Commercial 109.7

-9.0%

-10.6%

109.7 06-Aug 129.7

22-Jan

-9.6%

  Mixed 106.0

5.5%

2.8%

91.8 23-Apr 106.8

11-Jun

8.9%

                   
0.3ct Fine 137.2

-0.4%

8.8% 117.9 05-Feb

147.0

05-Mar

3.4%

  Commercial 122.7

-0.9%

-14.2% 113.4 25-Jun 142.9

01-Jan

-14.1%

  Mixed 107.4

-0.7%

-4.1%

95.3 25-Jun 133.5

01-Jan

-19.5%

The definitions of our groupings are:
Fine: Goods better than I colour and VS2 and above. 
Commercial:  K/SI3 and above, excluding the Fine category 
Mixed:  The rest down to M/I3  
 

The weightings used in the calculation of these indices are chosen to reflect world production.

 
 
   
   
   

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