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Market NewsIndex ReportsDiamond index gives up early gains

Diamond index gives up early gains

 

After a strong performance at the start of the week, the overall PolishedPrices index fell back, losing most of its gains.

Daily Index levels

Level

Daily Change

Monday 23/11

110.7

-0.5%

Tuesday 24/11

115.3

4.1%

Wednesday 25/11

115.3

0.0%

Thursday 26/11

113.6

-1.5%

Friday 27/11

112.9

-0.6%

Monday 30/11

111.9

-0.9%

Weekly Index

The main PolishedPrices index rose 1.1% over the week, opening at 111.9 points on Monday. The index is currently 11.1% lower than this time last year, and has fallen 6.3% since the start of the year. It is currently 5.6% above the low reached in April.

Fine 0.3 carat diamonds contributed most to the growth, finishing a volatile week 11.9% above the previous week’s figure.

Fine 0.5 carats also posted strong gains, rising 5.9% on the week. Mixed 1.0 carats rose 5.4%.

Mixed quality 0.3 carats showed the biggest drop, opening 4.2% lower.

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

111.9

1.1%

-11.1%

106.0

19-Apr

123.3

11-Jan

-6.3%

                   

1 ct

Fine

116.4

2.4%

-12.8%

98.8

12-Feb

128.4

03-Feb

4.0%

 

Commercial

104.8

-2.3%

-13.3%

95.9

21-Apr

128.5

11-Jan

-12.4%

 

Mixed

140.7

5.4%

-14.2%

122.8

30-Apr

165.5

07-Jan

-4.5%

                   

0.5 ct

Fine

113.2

5.9%

-10.7%

102.1

12-Apr

127.6

22-Jun

-1.8%

 

Commercial

98.9

0.7%

-12.0%

91.0

31-May

113.6

16-Feb

-6.4%

 

Mixed

91.6

1.2%

-8.3%

86.1

26-Oct

98.2

05-Jan

-6.8%

                   

0.3 ct

Fine

122.0

11.9%

-10.1%

105.2

15-Oct

134.2

19-Oct

2.2%

 

Commercial

107.6

-3.5%

-14.5%

103.5

01-Nov

123.2

12-Jan

-9.2%

 

Mixed

101.6

-4.2%

-4.9%

100.4

03-May

109.2

16-Mar

-3.3%

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.