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Prices seesaw in thin trading

Diamond prices were volatile in what traders described as “very thin” volumes, as offices began to close for the holiday period.

Daily Index levels

Level

Daily Change

Monday 15/12

125.5

-0.9%

Tuesday 16/12

126.5

0.8%

Wednesday 17/12

123.7

-2.3%

Thursday 19/12

121.7

-1.6%

Friday 19/12

126.1

3.6%

Monday 22/12

125.1

-0.7%

Weekly Index The main PolishedPrices index fell 0.3% to 125.1 points on Monday, compared to the previous week. The index is currently 4.4% lower than this time last year, and down 4.3% on the year to date.

There were some strong gains in the thin pre-holiday trade, especially 0.5 carat Fine and Commercial qualities.

The weakest performers over the week were Fine one carat diamonds, which fell sharply.

All the benchmark categories traded at levels lower than this time last year.

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

125.1

-0.3%

-4.4%

120.6

04-Dec

137.6

10-Aug

-4.3%

                   

1 ct

Fine

119.9

-10.8%

-5.1%

116.1

17-Dec

158.8

07-Sep

-8.0%

 

Commercial

122.5

-0.3%

-3.9%

110.1

02-Dec

138.2

01-Sep

-1.0%

 

Mixed

156.1

4.8%

-12.1%

149.0

14-Dec

181.6

20-Jul

-8.3%

                   

0.5 ct

Fine

129.2

6.3%

-2.2%

110.1

16-Nov

146.3

19-Oct

-1.5%

 

Commercial

121.2

8.2%

-2.6%

106.2

16-Nov

130.3

01-Apr

2.3%

 

Mixed

98.5

-1.3%

-8.0%

94.6

19-Nov

112.9

14-Sep

-7.7%

                   

0.3 ct

Fine

121.4

-7.2%

-14.8%

97.7

04-Dec

159.7

13-Oct

-10.7%

 

Commercial

127.6

2.7%

-5.3%

114.0

04-Dec

140.5

31-Aug

-0.3%

 

Mixed

105.1

-0.4%

-8.1%

104.4

17-Dec

121.8

11-May

-8.8%

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.