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Market NewsIndex ReportsPrices pick up in light trading

Prices pick up in light trading

After trading in narrow ranges for most of the week, the overall polishedprices index finished the week strongly in light trading volumes.

Daily Index levels

Level

Daily Change

Monday 01/08

119.7

0.4%

Tuesday 02/08

119.6

-0.1%

Wednesday 03/08

119.9

0.3%

Thursday 04/08

119.6

-0.2%

Friday 05/08

119.4

-0.2%

Monday 08/08

120.1

0.5%

Weekly Index

The main polishedprices index opened 0.3% higher compared to the previous Monday at 120.1 points. The overall index is 7.1% lower than this time last year, and is 2.2% below its 2016 starting point.

The main strength came from the one carat ranges, with Fine increasing by 1.3% and Commercial adding 2.1% over the previous week.

The 0.3 carat range showed weakness across the board with the Fine category slipping 2.0% and Commercial losing 1.1% compared to the prior week.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2016 Low

 

2016 High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

 Year to date change

 

Overall

120.1

0.3%

-7.1%

119.2

29-Jul

123.6

28-Jan

-2.2%

                   

1 crt/4gr

Fine

119.2

1.3%

-5.8%

114.0

27-Jul

126.6

01-Jun

0.4%

 

Commercial

113.3

2.1%

-6.9%

109.4

27-Jul

116.8

12-Feb

1.2%

 

Mixed

99.9

0.1%

-25.0%

99.5

30-Jun

113.9

04-Jan

-12.2%

                   

0.5 crts / 50 pts

Fine

112.6

0.9%

2.7%

105.1

08-Feb

119.1

05-Apr

0.3%

 

Commercial

103.0

0.9%

-1.6%

101.1

05-Aug

114.0

01-Feb

-5.3%

 

Mixed

99.7

-0.4%

-9.9%

99.4

02-Aug

103.5

11-Apr

-2.1%

                   

0.3 ctrs/ 30 pts

Fine

98.7

-2.0%

4.4%

96.2

24-Feb

106.5

31-May

-3.5%

 

Commercial

108.4

-1.1%

-0.4%

107.4

05-Aug

117.1

15-Mar

-3.3%

 

Mixed

119.8

-0.3%

-1.7%

119.8

08-Aug

122.1

26-Feb

-0.7%

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.