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Diamond index sinks to a ten year low

The overall polishedprices index fell to its lowest level since November 2009. It hasn’t been at this level since recovering from the 2008 global financial crisis, and is now 34.2% below the peak of August 2011.

Daily Index levels

Level

Daily Change

Monday 02/12

114.5

-0.1%

Tuesday 03/12

114.9

0.3%

Wednesday 04/12

114.9

0.1%

Thursday 05/12

114.5

-0.3%

Friday 06/12

114.0

-0.5%

Monday 09/12

113.9

-0.1%

Weekly Index

The main polishedprices index opened on Monday at 113.9 points, down 0.5% compared to with the previous week’s opening. The overall index is 5.6% below its level of this time last year and has lost 4.7% since the start of this year.

For the second week running, the main weakness came from the better quality 1.0 carat ranges, with the Fine and Commercial categories slipping 0.6% and 3.1% respectively.

The largest gain came from the Fine 0.5 carat range, which added 1.6% compared to the previous Monday.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2019  Low

 

2019

High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

Year to date change

 

Overall

113.9

-0.5%

-5.6%

113.9

09-Dec

121.8

04-Apr

-4.7%

                   

1 crt/4gr

Fine

104.9

-0.6%

-5.9%

103.9

06-Dec

124.8

10-Apr

-7.2%

 

Commercial

106.1

-3.1%

-10.1%

106.1

09-Dec

121.8

15-Apr

-8.9%

 

Mixed

109.3

-0.9%

-3.9%

104.7

01-Apr

114.5

04-Feb

-1.4%

                   

0.5 crts / 50 pts

Fine

91.7

1.6%

-9.8%

85.1

12-Nov

103.4

25-Apr

-5.0%

 

Commercial

92.9

-2.4%

-11.5%

92.9

09-Dec

107.2

07-Jan

-9.3%

 

Mixed

95.7

-0.5%

-2.4%

95.6

04-Dec

99.5

22-Feb

-2.5%

                   

0.3 ctrs/ 30 pts

Fine

89.8

1.0%

-17.6%

83.7

11-Oct

108.1

29-Jan

-12.7%

 

Commercial

94.6

-1.3%

-16.4%

92.3

12-Nov

115.4

07-Jan

-13.2%

 

Mixed

113.1

0.0%

-7.9%

113.1

02-Dec

120.1

03-Jan

-6.1%

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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