The IDEX Price Report for August 2023, published by IDEX Online, shows a widening gap between Round and Fancy diamonds. While Rounds saw “almost wall-to-wall price drops among some goods […]”, Fancy diamonds “saw a mix of increases, decreases and no-changes, as buyers sought cheaper goods.”
Among Round diamonds, there were “widespread losses across virtually all sizes.” The worst performers were 1.50-cts to 1.99-cts. On the bright side, “there were some clusters of increases in 4.00-cts to 5.99-cts goods.”
Among Fancy diamonds, the picture was more mixed. The most “notable clusters of price rises were among 4.00-cts to 5.99-cts goods,” with the most price drops recorded among 1.50-cts to 1.99-cts.
According to IDEX Online, “caution persists across the pipeline. Inventories are high, demand is weak and prices are falling.” India’s exports in July suffered, Israel’s rough trade was down, and “China’s post-Covid bounce back hasn’t happened.”
Read the full report here.
