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Market NewsIndex ReportsDiamond index slumps to ten year low

Diamond index slumps to ten year low

The overall polishedprices index slumped last week to record its lowest value since October 2009.

Daily Index levels

Level

Daily Change

Monday 24/02

114.5

0.3%

Tuesday 25/02

114.8

0.3%

Wednesday 26/02

114.6

-0.2%

Thursday 27/02

114.4

-0.1%

Friday 28/02

114.1

-0.3%

Monday 02/03

113.8

-0.2%

Weekly Index

The main polishedprices index opened on Monday at 113.8 points, down  0.6% compared with the previous Monday. The overall index is 5.7% below its level of this time last year, and has lost 1.6% since the start of this year.

Of the benchmark categories, the main loss came from the Fine 0.3 carat range, which fell 2.4% over the week.

The largest gain came from the Commercial 1.0 carat range, which added 1.7% compared to the previous Monday.

Benchmark groupings PolishedPrices Index

   

Current Levels

   

2020  Low

 

2020

High

   
   

 Index Jan 04=100

Change from week ago

Change from year ago

Index

Date

Index

Date

Year to date change

 

Overall

113.8

-0.6%

-5.7%

113.8

02-Mar

115.8

10-Jan

-1.6%

                   

1 crt/4gr

Fine

105.6

-0.7%

-11.8%

105.2

17-Feb

114.0

16-Jan

-5.1%

 

Commercial

108.9

1.7%

-6.2%

107.1

24-Feb

115.9

03-Feb

-3.2%

 

Mixed

105.7

-0.4%

-5.3%

105.4

17-Feb

111.3

08-Jan

-3.6%

                   

0.5 crts / 50 pts

Fine

93.0

1.0%

-4.8%

91.1

22-Jan

98.2

10-Jan

-3.2%

 

Commercial

96.5

-0.7%

-5.7%

94.9

14-Feb

100.1

24-Jan

-2.9%

 

Mixed

94.9

0.5%

-3.7%

93.6

10-Feb

97.7

17-Jan

-1.9%

                   

0.3 ctrs/ 30 pts

Fine

93.9

-2.4%

-6.6%

89.3

04-Feb

96.3

24-Feb

1.2%

 

Commercial

96.9

-0.0%

-11.6%

94.6

03-Feb

98.1

23-Jan

0.9%

 

Mixed

111.7

0.0%

-3.1%

111.2

27-Feb

113.0

14-Jan

-1.0%

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.