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Index recovers from midweek dip

The overall polishedprices index dipped midweek, but recovered towards the end of the week.

Daily Index levels

Level

Daily Change

Monday 13/03

117.9

0.6%

Tuesday  14/03

118.2

0.3%

Wednesday 15/03

117.5

-0.6%

Thursday 16/03

117.4

-0.1%

Friday 17/03

117.6

0.2%

Monday 20/03

117.8

0.2%

Weekly Index

The overall polishedprices index opened down 0.1% compared to the previous Monday and up 0.4% for the year to date at 117.8 points. The overall index is 3.5% lower than this time last year.

The main weakness during the week came from better quality 1.0 carat ranges, which failed to hold to last week’s gains, with Fine and Commercial slipping 1.4% and 1.1% respectively.

The Mixed 0.5 carat category performed strongest amongst the benchmark categories, adding 0.9% over the week.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2017 Low

 

2017 High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

 Year to date change

 

Overall

117.8

-0.1%

-3.5%

116.4

12-Jan

118.7

03-Jan

0.4%

                   

1 crt/4gr

Fine

113.9

-1.4%

-2.7%

108.1

01-Mar

116.5

15-Feb

5.4%

 

Commercial

110.7

-1.1%

-0.9%

107.0

17-Jan

113.9

01-Feb

0.6%

 

Mixed

94.1

-0.0%

-9.4%

93.8

17-Mar

95.3

20-Jan

-0.7%

                   

0.5 crts / 50 pts

Fine

104.9

-1.1%

-10.7%

101.8

16-Feb

113.2

14-Mar

-0.2%

 

Commercial

103.1

-0.7%

-7.3%

99.5

02-Feb

107.0

03-Jan

0.3%

 

Mixed

99.6

0.9%

-1.8%

98.4

23-Jan

100.0

24-Feb

1.2%

                   

0.3 ctrs/ 30 pts

Fine

101.3

0.7%

-3.1%

96.9

28-Feb

103.8

06-Feb

2.3%

 

Commercial

110.1

0.2%

-5.4%

105.6

12-Jan

110.7

06-Mar

2.1%

 

Mixed

119.7

0.2%

-1.8%

119.0

24-Jan

120.4

06-Mar

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.