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Market NewsIndex ReportsIndex finishes year strongly

Index finishes year strongly

Having hit a seven year low in the week before Christmas, the overall polishedprices index rebounded strongly adding 1.8% before the end of the year.

Daily Index levels

Level

Daily Change

Monday 19/12

117.1

0.2%

Tuesday 20/12

116.8

-0.3%

Wednesday 21/12

116.7

-0.1%

Thursday 22/12

116.5

-0.1%

Friday 23/12

116.8

0.2%

Wednesday 28/12

117.3

0.4%

Thursday 29/12

117.2

-0.1%

Friday 30/12

117.3

0.2%

Tuesday 03/01

118.7

1.1%

Weekly Index

The main polishedprices index opened up 1.4% compared to the Monday before the holiday break at 118.7 points. The overall index is lost 3.3% during the course of 2016, and the 2016 average level was 6.6% below the average level of 2015.

The main strength came in the better quality 0.5 carat benchmark ranges, with the Fine category gaining 3.4% and Commercial 5.1% over the holiday period. The 0.3 carat Fine and Commercial ranges also did well, with both adding 3.5%

Better quality 1.0 carats recorded the only losses, with the Fine range slipping 0.4% over the same period.

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

118.7

1.4%

-3.2%

116.5

22-Dec

123.6

28-Jan

-3.3%

                   

1 crt/4gr

Fine

111.1

-0.4%

-6.9%

106.8

21-Nov

126.6

01-Jun

-6.5%

 

Commercial

112.6

1.4%

0.1%

105.9

07-Nov

116.8

12-Feb

0.5%

 

Mixed

94.9

0.7%

-16.7%

93.2

02-Dec

113.9

04-Jan

-16.7%

                   

0.5 crts / 50 pts

Fine

109.2

3.4%

-3.8%

102.9

23-Dec

119.1

05-Apr

-2.7%

 

Commercial

107.0

5.1%

-1.7%

100.2

15-Sep

114.0

01-Feb

-1.7%

 

Mixed

98.8

0.8%

-3.0%

97.2

22-Nov

103.5

11-Apr

-3.0%

                   

0.3 ctrs/ 30 pts

Fine

102.4

3.5%

-0.2%

95.0

01-Sep

106.5

31-May

0.1%

 

Commercial

109.7

3.5%

-2.3%

104.8

24-Nov

117.1

15-Mar

-2.2%

 

Mixed

119.6

0.3%

-0.9%

118.9

30-Dec

122.1

26-Feb

-0.9%

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.