IDEX Polished Diamond Price Index Remains Flat in November 2020
The IDEX polished diamond index for November 2020, published by IDEX Online, shows virtually no change in prices for a second consecutive month. This, according to the analysis, suggests “a slowdown in the recovery”.
As a whole, November saw a slight decrease in prices, closing on 0.13% less month-on-month, anf following “next to no movement” in October. This means that in November, diamond prices dropped after three consecutive months of steady increase “as pandemic uncertainty showed no sign of ending”. Year-on-year diamond prices fell 0.4% in November, effectively “putting an end to five consecutive months of improved performances”.
According to IDEX Online, a “long-term look at the Index shows prices had been recovering from the 10-year-low of the first coronavirus wave, but have now hit a plateau”.