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Market NewsIndex ReportsDiamond index hits two and a half year high

Diamond index hits two and a half year high

With Indian offices starting to re-open after the Diwali holiday, the overall polishedprices index rose to its highest level since April 2016. It remains, however, 29.2% below the peak of August 2011.

Daily Index levels

Level

Daily Change

Monday 12/11

121.6

1.0%

Tuesday  13/11

121.3

-0.2%

Wednesday 14/11

121.3

0.0%

Thursday 15/11

121.1

-0.1%

Friday 16/11

121.0

-0.1%

Monday 19/11

122.7

1.4%

Weekly Index

The main polishedprices index opened on Monday at 122.7 points, up 0.9% compared to the previous week. The overall index is 6.2% above its level of this time last year, and up 5.8% since the start of the year.

Nearly all of the benchmark categories were in positive territory last week, with the Mixed 0.5 carat recording the largest gain of 3.7% 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

122.7

0.9%

6.2%

115.9

12-Jan

122.7

19-Nov

5.8%

                   

1 crt/4gr

Fine

117.2

-0.6%

7.2%

107.7

30-Aug

126.8

02-Jul

3.3%

 

Commercial

123.2

0.9%

10.0%

109.5

02-Mar

123.7

30-Oct

10.8%

 

Mixed

107.3

0.5%

13.2%

94.3

05-Feb

108.5

05-Nov

12.0%

                   

0.5 crts / 50 pts

Fine

106.1

0.7%

13.2%

92.8

02-Aug

108.2

08-Oct

10.9%

 

Commercial

111.9

2.9%

13.1%

99.6

02-Jan

113.4

05-Nov

14.1%

 

Mixed

98.9

3.7%

1.5%

92.9

26-Oct

100.5

26-Apr

2.4%

                   

0.3 ctrs/ 30 pts

Fine

115.4

-0.6%

13.6%

98.8

09-Feb

119.4

27-Sep

17.2%

 

Commercial

128.6

2.2%

17.1%

110.3

04-Jan

128.6

19-Nov

18.0%

 

Mixed

125.0

0.1%

1.0%

122.0

12-Jan

127.0

24-Sep

2.1%

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.

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