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Market NewsIndex ReportsPolished index fails to hold on to gains

Polished index fails to hold on to gains

The overall polished index slipped back from the gains it had made in the previous week.

Daily Index levels

Level

Daily Change

Monday  13/11

116.2

0.7%

Tuesday  14/11

116.2

0.0%

Wednesday 15/11

115.8

-0.4%

Thursday 16/11

115.9

0.1%

Friday 17/11

115.2

-0.6%

Monday  20/11

115.6

0.3%

Weekly Index

The main polishedprices index opened down 0.5% compared to the previous Monday at 115.6 points. The overall index is 1.2% lower than this time last year and has lost 1.5% since the start of the year.

There were losses across nearly all of the benchmark categories with only Mixed 0.5 carats and 0.3 carats in positive territory showing gains of 1.5% and 0.6% respectively over the week.

The larger Fine ranges bore the brunt of the losses with 1.0 carats losing 1.7% and 0.5 carats 1.5% compared to the previous Monday.

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

-0.5%

-1.2%

114.3

15-Sep

118.7

03-Jan

-1.5%

                   

1 crt/4gr

Fine

109.3

-1.7%

2.4%

105.8

27-Mar

118.9

26-May

1.2%

 

Commercial

111.9

-0.6%

3.0%

106.3

12-May

114.8

04-Jul

1.7%

 

Mixed

94.8

-0.2%

-0.1%

93.4

06-Apr

97.9

10-Jul

0.1%

                   

0.5 crts / 50 pts

Fine

93.7

-1.4%

-13.7%

90.3

13-Oct

113.2

14-Mar

-10.8%

 

Commercial

98.9

-0.6%

-2.7%

97.0

03-Aug

107.0

03-Jan

-3.7%

 

Mixed

97.4

1.5%

0.2%

96.0

13-Nov

100.8

11-Jul

-1.0%

                   

0.3 ctrs/ 30 pts

Fine

101.5

-0.6%

2.8%

94.6

08-Sep

108.8

10-Jul

2.6%

 

Commercial

109.8

-3.4%

3.5%

105.6

12-Jan

120.2

29-Aug

1.8%

 

Mixed

123.8

0.6%

3.2%

119.0

23-Jan

125.5

27-Jul

4.1%

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.