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IDEX: Polished Prices – The Highest Since September 2015

Exceptional consumer spending “shows no sign of slowing down”
polished diamond loupe
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The IDEX Polished Price Index, published by IDEX Online, was up 2.2% in June “as the rate of recovery speeds up and exceptional consumer spending shows no sign of slowing down”, the report claims.

 

white polished cut diamonds
Credit: Bjoern Wylezich / shutterstock.com

 

On June 4, the index jumped almost 1.5 points in a single day and has been climbing steadily since. The index opened the month of May at 125.83 and closed at 128.60 – the highest it’s been since September 2015.

 

Year-on-year, diamond prices went up 8.1% in June – the highest increase for at least eight years. Polished prices for 0.5-carat stones saw the biggest increase (3.3%) and 1-carat stones were up 2.5%.

 

Round polished diamonds money
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According to IDEX Online, the rate of price increases “is accelerating”. As for rough stones, De Beers and Alrosa – the biggest traders in rough worldwide – “are selling higher volumes of rough at higher prices, reflecting sustained demand midstream and in the US”.

 

Read the full article here



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