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Diamond index volatile in quiet trading

 

With the diamond markets quiet due to the Diwali festival the overall PolishedPrices index drifted downward during the past week before picking up strongly.

Daily Index levels

Level

Daily Change

Monday 12/10

110.6

-1.1%

Tuesday 13/10

112.5

1.7%

Wednesday 14/10

112.0

-0.4%

Thursday 15/10

110.0

-1.8%

Friday 16/10

109.5

-0.4%

Monday 19/10

112.4

2.7%

Weekly Index

The main PolishedPrices index rose 1.6% over the week, opening at 112.4 points on Monday. The index is currently 17.1% lower than this time last year, and has fallen 5.9% since the start of the year. It is, however, 6.0% above the low reached in April.

The main strength this week came from Fine 0.3 carats, which carried on from last week when it was the only one of the benchmark categories in positive territory, showing a double digit increase.

Fine 0.5 carats and Commercial 0.3 carat diamonds also posted strong gains.

The weakest of the benchmark sizes were Mixed 0.5 carats, which lost 2.2%.

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

112.4

1.6%

-17.1%

106.0

19-Apr

123.3

11-Jan

-5.9%

                   

1 ct

Fine

116.6

3.4%

-24.8%

98.8

12-Feb

128.4

03-Feb

4.2%

 

Commercial

113.4

4.0%

-12.7%

95.9

21-Apr

128.5

11-Jan

-5.3%

 

Mixed

143.3

-0.2%

-16.4%

122.8

30-Apr

165.5

07-Jan

-2.7%

                   

0.5 ct

Fine

115.0

5.8%

-21.4%

102.1

12-Apr

127.6

22-Jun

-0.3%

 

Commercial

97.6

0.2%

-19.6%

91.0

31-May

113.6

16-Feb

-7.7%

 

Mixed

86.5

-2.2%

-19.5%

86.3

27-Sep

98.2

05-Jan

-11.9%

                   

0.3 ct

Fine

125.9

14.2%

-20.7%

105.2

15-Oct

132.7

08-Mar

5.4%

 

Commercial

116.1

7.7%

-15.8%

104.9

17-Sep

123.2

12-Jan

-2.1%

 

Mixed

103.9

0.0%

-7.3%

100.4

03-May

109.2

16-Mar

-1.2%

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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