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Market NewsIndex ReportsDiamond index sets another new high

Diamond index sets another new high

 

With many offices remaining closed for the summer holidays, those few that were trading set another new high for the overall PolishedPrices price index, since it started in January 2002.

Daily Index levels

Level

Daily Change

Monday 04/08

134.7

0.8%

Tuesday 05/08

134.1

-0.5%

Wednesday 06/08

131.8

-1.7%

Thursday 07/08

134.2

1.8%

Friday 08/08

134.1

-0.1%

Monday 11/08

137.6

2.6%

Weekly Index

The main PolishedPrices index opened 2.1% higher at 137.6 points on Monday, compared to the previous week. The index is now up 5.2% from the start of the year and 8.4% above the level of this time last year.

There were gains across all the benchmark categories, except for Fine one carat diamonds which fell 1.2%

Fine half carat diamonds were the strongest performers gaining 6.4%.

Benchmark groupings PolishedPrices Index.

.

 

Current Levels

 

2008 Low

2008 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

137.6

2.1%

8.4%

128.4

05-Mar

137.6

10-Aug

5.2%

                   

1 ct

Fine

149.3

-1.2%

27.5%

116.9

30-Jan

156.6

10-Jul

14.6%

 

Commercial

137.5

4.5%

14.8%

110.3

11-May

137.8

28-Jul

11.1%

 

Mixed

179.1

2.5%

8.0%

151.9

09-Mar

181.6

20-Jul

5.2%

                   

0.5 ct

Fine

134.9

6.4%

9.4%

121.6

24-Jul

145.1

04-Feb

2.8%

 

Commercial

122.7

5.7%

4.6%

111.7

05-Aug

130.3

01-Apr

3.6%

 

Mixed

107.8

5.1%

1.3%

97.4

15-Jun

109.1

03-Feb

1.0%

                   

0.3 ct

Fine

140.5

3.2%

5.6%

121.0

24-Jul

158.4

04-Feb

3.4%

 

Commercial

135.1

2.2%

0.9%

125.0

24-Jul

140.1

17-Jul

5.5%

 

Mixed

115.6

2.1%

-1.5%

112.2

17-Jun

121.8

11-May

0.3%

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, and

Mixed: the rest down to M I3.

The weightings used in the calculation of these indices are chosen to reflect world production. Please contact us if you would like to see details of the weightings used, or would like to see the information grouped differently.