According to the IDEX Price report, published by IDEX Online, March was characterized by a “new normal”: Prices of round diamonds “held up better than in recent months,” while “demand for fancies drove up prices, especially among 0.30-carat to 0.79-carat goods.”
According to the analysis, “China is post-Covid, the US is emerging from the depths of its inflationary woes and consumer confidence is actually on the rise.” In addition, the sanctions on Russia following its invasion of Ukraine, “have become part and parcel of day-to-day dealings and have had little impact on prices […].”
Among round diamonds, price drops dominated the 1.50-carat to 4.99-carat goods, “but less so than in previous months.” Movement among 1.00-carat to 1.24-carat was largely upwards, especially among VS2 and SI1..
Among Fancy diamonds, price rises dominated 0.30-carat to 1.24-carat goods. There were “across the board increases” among 0.50-carat to 0.69-carat in D-G / IF-VS2 and not a single drop for any color or clarity.
Read the full analysis here.
