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IDEX ONLINE POLISHED PRICE INDEX REMAINS FLAT IN NOVEMBER

The latest IDEX Online Polished Price Report shows hardly any activity in November
Polished diamonds from the Argyle Diamond Mine
Credit: Copyright © 2017 Rio Tinto

The latest IDEX Online Polished Price Report shows hardly any activity in November, according to IDEX Online. The Index began the month at 119.70 and ended at 119.95.

 

Polished Prices Index November
Credit: IDEX Online

 

Multi-Month Decline

 

When looking back, polished diamond prices have declined since the middle of 2016, and the index “is at one of its lowest point for more than three years”. Since January 2014, there’s a 9.3% decline in polished diamond prices
On a month-to-month basis, global polished diamond prices in November saw a decrease of 0.1%.

 

On a year-over-year basis, the average price in November showed a 2.3% decrease.

 

Polished Diamond Prices November
Credit: IDEX Online

 

Diamond Prices by Size

 

On a month-to-month basis, when comparing diamond prices relative to October 2017, there were four declining categories and two risers. On a year-over-year basis, there were five decliners and just one riser – the 4.0-carat category. All the other diamond categories declined.

 

Polished Diamond Prices November
Credit: IDEX Online

 

From 2015, “the general trend is that 4-carat stones have shown the most price volatility, although 3-carat diamonds have displayed the steepest year-over-year decline […]”, says IDEX Online.

 

Polished Diamond Prices November
Credit: IDEX Online

 

From December 2015 onwards, “there has been relative price stability in 1-carat, 1.5-carat and 2-carat stones”.

 

Diamond Price Trends Index
Credit: IDEX Online

 

Stronger Demand Expected

 

Although November was reportedly quiet “with only a slight pick-up following the Diwali festival in the second part of October, and the Jewish festival of Succot in the first half of the month”. IDEX Online is optimistic ahead of the holiday season in December.

 

According to their analysis, “diamond traders will be expecting to see stronger demand in the weeks to come as the Christmas holiday season, and the Chinese New Year to follow”.

 

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