Polished diamond prices continued to go down in June, according to the IDEX Polished Price Index, published by IDEX Online. But, while Round diamond prices “maintained their long-term decline,” Fancy diamonds “fared significantly better, with price rises dominating in some sizes.”
According to the report, Round diamond prices “are being badly hit by the global recession and an increasing price differential” between LGDs and natural diamonds. Meanwhile, demand for lower-priced Fancy diamonds has increased at the expense of Rounds. The report states that “manufacturers in India are chasing rough under 0.75-cts to keep their factories busy and avoid laying off workers, as they were forced to do during the Covid pandemic.”
For Round diamonds, there were “widespread losses, as there have been for many months […]” with notable clusters of price rises in 3.00-carats to 5.99-carats. For Fancy diamonds, price increases dominated in some sizes, notably 0.50-carats to 0.69-carats and 4.00-carats to 4.99-carats.
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