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Volumes down during Diwali

The overall PolishedPrices index drifted down to a 2014 low in the first half of the week, mostly attributed to diminished market volumes throughout Diwali.

Daily Index levels

Level

Daily Change

Monday 20/10

142.3

-2.2%

Tuesday 21/10

141.1

-0.8%

Wednesday 22/10

140.4

-0.5%

Thursday 23/10

141.8

1.0%

Friday 24/10

142.3

0.4%

Monday 27/10

142.3

0.0%

Weekly Index

The main PolishedPrices index opened flat on Monday at 142.3 points. The overall index is currently 0.1% above its level this time last year, and has gained 0.9% since the start of 2014.

One carat stones strengthened over the second half of the week, halting the drift down. Commercial one carat stones finished the week up 7.8%, and Fine one carat stones gained 4.8% over the previous week.

However, smaller benchmark sizes showed losses across the board. Commercial 0.5 carat and 0.3 carats were the biggest losers, finishing the week down 3.9% and 3.8% respectively. Fine 0.3 carats followed on with losses of 2.9% over the prior week.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2014 Low

 

2014 High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

 Year to date change

 

Overall

142.3

0.0%

0.1%

140.4

21-Oct

152.3

21-Apr

0.9%

                   

1 crt / 4gr

Fine

144.3

4.8%

0.9%

126.9

27-Aug

167.7

12-May

1.9%

 

Commercial

147.1

7.8%

1.6%

132.6

26-Feb

164.7

23-Jan

3.1%

 

Mixed

173.1

0.2%

-2.7%

169.7

27-Mar

194.1

06-Apr

0.2%

                   

0.5 crts / 50 pts

Fine

141.0

-0.9%

2.9%

130.9

13-Jan

154.9

24-Mar

5.7%

 

Commercial

142.9

-3.9%

9.2%

128.7

16-Jan

155.5

31-Mar

6.8%

 

Mixed

113.4

-1.2%

-1.8%

107.4

13-May

120.6

15-Apr

-1.3%

                   

0.3 ctrs/ 30 pts

Fine

138.3

-2.9%

1.3%

131.4

30-Jan

165.5

14-Apr

4.8%

 

Commercial

155.9

-3.8%

0.8%

147.5

28-Apr

186.4

07-Jul

-3.2%

 

Mixed

125.3

-1.7%

-4.5%

123.2

01-Sep

136.6

27-Jul

-2.2%

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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