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Market NewsIndex ReportsPolished index hits highest level since September 2016

Polished index hits highest level since September 2016

After starting the week quiet, the overall polishedprices index rose to a 20-month high in choppy trading during the latter part of the week.

Daily Index levels

Level

Daily Change

Monday 18/06

119.9

0.7%

Tuesday  19/06

120.0

0.1%

Wednesday 20/06

119.8

-0.2%

Thursday 21/06

119.8

0.0%

Friday 22/06

119.8

0.0%

Monday 25/06

121.0

1.0%

Weekly Index

The main polishedprices index opened on Monday at 121.0 points, up 0.9% compared with the previous week. The overall index is 3.7% above its level of this time last year, and has gained 4.4% since the start of the year.

The main strength over the past week among the benchmark categories came from the 1.0 carat ranges, with all qualities in positive territory. The Fine quality range recorded the largest rise of 5.3%.

The 0.3 carat ranges were under pressure, however, with Fine, Commercial and Small posting losses of 1.0%, 2.2% and 0.2%, compared to the previous Monday.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2018 Low

 

2018 High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

 Year to date change

 

Overall

121.0

0.9%

3.7%

115.9

12-Jan

121.0

25-Jun

4.4%

                   

1 crt/4gr

Fine

124.0

5.3%

7.3%

112.4

16-Feb

125.9

20-Apr

9.3%

 

Commercial

115.1

0.5%

3.5%

109.5

02-Mar

120.0

03-May

3.6%

 

Mixed

97.2

0.2%

0.8%

94.3

05-Feb

98.1

27-Mar

1.4%

                   

0.5 crts / 50 pts

Fine

105.2

4.0%

-1.1%

94.2

09-Jan

105.2

25-Jun

9.9%

 

Commercial

108.0

-0.1%

7.1%

99.6

02-Jan

112.0

17-May

10.2%

 

Mixed

99.0

1.1%

-1.0%

96.2

02-Jan

100.5

26-Apr

2.5%

                   

0.3 ctrs/ 30 pts

Fine

112.2

-1.0%

10.1%

98.8

09-Feb

115.2

10-May

14.0%

 

Commercial

120.5

-2.2%

11.6%

110.3

04-Jan

125.4

13-Mar

10.5%

 

Mixed

125.6

-0.2%

2.9%

122.0

12-Jan

126.4

14-May

2.6%

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.