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Diamond index steady in quiet trading

 

In very quiet trading levels, the overall PolishedPrices index traded in narrow ranges throughout the past week.

Daily Index levels

Level

Daily Change

Monday 18/05

107.4

-1.3%

Tuesday 19/05

109.0

1.5%

Wednesday 20/05

109.1

0.1%

Thursday 21/05

108.9

-0.1%

Friday 22/05

108.7

-0.3%

Monday 25/05

109.6

0.8%

Weekly Index

The main PolishedPrices index rose 2.1% over the week opening at 109.6 points on Monday.

The index is currently 16.2% lower than this time last year, and has fallen 8.2% since the start of the year.

There were gains across the board among the benchmark categories with only Commercial and Mixed 0.3 carat diamonds showing losses.

The largest gains over the week were Mixed one carats, which added 15% to reach their highest level since February.

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

109.6

2.1%

-16.2%

106.0

19-Apr

123.3

11-Jan

-8.2%

                   

1 ct

Fine

113.7

3.2%

-13.2%

98.8

12-Feb

128.4

03-Feb

1.5%

 

Commercial

105.8

1.6%

-16.6%

95.9

21-Apr

128.5

11-Jan

-11.6%

 

Mixed

145.3

15.0%

-11.8%

122.8

30-Apr

165.5

07-Jan

-1.4%

                   

0.5 ct

Fine

110.6

3.9%

-14.0%

102.1

12-Apr

127.2

03-Feb

-4.1%

 

Commercial

103.1

7.4%

-15.8%

91.6

24-Mar

113.6

16-Feb

-2.5%

 

Mixed

89.3

3.2%

-8.3%

86.4

14-May

98.2

05-Jan

-9.1%

                   

0.3 ct

Fine

117.7

1.6%

-17.1%

108.0

08-Jan

132.7

08-Mar

-1.5%

 

Commercial

111.6

-0.8%

-17.4%

106.7

30-Apr

123.2

12-Jan

-5.9%

 

Mixed

103.6

-0.0%

-10.0%

100.4

03-May

109.2

16-Mar

-1.4%

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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