The IDEX Polished Price Index, published by IDEX Online, marked a sixth consecutive month of decline in September. The index was down 2.34% – the biggest drop since the Index started falling early in March.
Month-to-month diamond prices were down 2.1% in September, compared with 2.4% in August, (the biggest fall in almost four years). As for year-to-year figures, polished diamond prices showed slower growth for a sixth consecutive month in September.
According to IDEX’s analysis, the index has now been declining since early March “and shows no clear sign of slowing.” While larger and better quality goods are faring best “as a refuge for
Investors […] consumer demand is weak, interest rates are rising, geopolitical turmoil continues, and polished stocks are building.”
Read the full analysis here.
