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Market NewsIndex ReportsPolished index edges up in thin volumes

Polished index edges up in thin volumes

With Indian offices shut for Diwali, the overall polishedprices index traded in narrow ranges before rising towards the end of the week.

Daily Index levels

Level

Daily Change

Monday  16/10

115.2

0.3%

Tuesday  17/10

115.3

0.0%

Wednesday 18/10

115.2

0.0%

Thursday 19/10

115.2

-0.1%

Friday 20/10

115.1

0.0%

Monday  23/10

115.6

0.4%

Weekly Index

The main polishedprices index opened up 0.3% compared to the previous Monday at 115.6 points. The overall index is 3.2% lower than this time last year and has lost 1.5% since the start of the year.

Of the benchmark categories, smaller Fine stones more than recovered from last week’s losses, with 0.5 carats and 0.3 carats gaining 4.4% and 3.5% respectively, compared to the previous Monday.

Only lower quality 1.0 carat stones were in negative territory over the week, with Commercial slipping 0.5% and Mixed 0.8%.

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

115.6

0.3%

-3.2%

114.3

15-Sep

118.7

03-Jan

-1.5%

                   

1 crt/4gr

Fine

108.3

0.6%

-2.6%

105.8

27-Mar

118.9

26-May

0.2%

 

Commercial

110.4

-0.5%

-0.0%

106.3

12-May

114.8

04-Jul

0.4%

 

Mixed

94.6

-0.8%

-0.6%

93.4

06-Apr

97.9

10-Jul

-0.1%

                   

0.5 crts / 50 pts

Fine

95.1

4.4%

-13.1%

90.3

13-Oct

113.2

14-Mar

-9.6%

 

Commercial

99.4

0.9%

-6.2%

97.0

03-Aug

107.0

03-Jan

-3.2%

 

Mixed

97.4

0.1%

-1.8%

96.3

15-Aug

100.8

11-Jul

-1.0%

                   

0.3 ctrs/ 30 pts

Fine

103.0

3.5%

4.3%

94.6

08-Sep

108.8

10-Jul

4.1%

 

Commercial

115.4

2.4%

6.6%

105.6

12-Jan

120.2

29-Aug

6.9%

 

Mixed

124.4

0.1%

3.7%

119.0

23-Jan

125.5

27-Jul

4.7%

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.