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Diamond index consolidates gains

The overall PolishedPrices index held onto gains made in recent weeks, adding weight to the argument that the polished market has finally turned after a prolonged period of falling prices which began last August.

Daily Index levels

Level

Daily Change

Monday 27/04

108.1

1.3%

Tuesday 28/04

108.4

0.2%

Wednesday 29/04

107.7

-0.6%

Thursday 30/04

109.0

1.2%

Friday 01/05

108.2

-0.7%

Monday 04/05

110.6

2.2%

Weekly Index

The main PolishedPrices index rose 2.3% over the week opening at 110.6 points on Monday.

The index is currently 15.8% lower than this time last year, and has fallen 7.3% since the start of the year. It is however 4.3% above the low recorded on 19th April.

The strength was across most of the benchmark categories over the past week, with only Fine 0.5 carats and Fine 0.3 carat diamonds showing losses.

Mixed 1.0 carats were the best performers over the week, gaining 9.7 %.

Benchmark groupings PolishedPrices Index.

.

 

Current Levels

 

2009 Low

2009 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

110.6

2.3%

-15.8%

106.0

19-Apr

123.3

11-Jan

-7.3%

                   

1 ct

Fine

111.2

1.3%

-19.3%

98.8

12-Feb

128.4

03-Feb

-0.7%

 

Commercial

111.9

0.1%

-8.6%

95.9

21-Apr

128.5

11-Jan

-6.5%

 

Mixed

134.8

9.7%

-21.0%

122.8

30-Apr

165.5

07-Jan

-8.5%

                   

0.5 ct

Fine

108.4

-6.0%

-17.8%

102.1

12-Apr

127.2

03-Feb

-6.0%

 

Commercial

100.8

5.8%

-16.1%

91.6

24-Mar

113.6

16-Feb

-4.6%

 

Mixed

89.5

2.0%

-13.5%

87.2

19-Apr

98.2

05-Jan

-8.8%

                   

0.3 ct

Fine

119.6

-2.6%

-10.7%

108.0

08-Jan

132.7

08-Mar

0.1%

 

Commercial

110.3

2.3%

-19.2%

106.7

30-Apr

123.2

12-Jan

-7.0%

 

Mixed

101.0

0.6%

-13.3%

100.4

03-May

109.2

16-Mar

-3.9%

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.

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