This is great news for a languishing diamond trade that hasn’t seen extended price hikes in a decade. Polished diamond prices are on a near year-long rally, rising more than 18% since last July when they hit a record low. This inevitably fuels fears of a bubble that might, at some point, burst.Īre We Heading Towards a Diamond Price Bubble? The IDEX Polished Price Index was up 2.20 percent in June, as the rate of recovery speeds up and exceptional consumer spending shows no sign of slowing down. Increase in IDEX Polished Price Index Accelerates in June Polished prices continue upward momentum with good demand and supply shortages. Strong US market driving short-term confidence. A sharp rise in export volume outweighed a drop in the average price per carat, according to recent data from the Antwerp World Diamond Centre (AWDC). Polished prices continue their upward momentum even as inventory levels gradually rise in some sizes.īelgium’s polished-diamond exports more than doubled year on year to $555 million in May as the country’s trade bounced back from last year’s pandemic-induced slump. Robust retail sales are driving positive sentiment in the diamond market. The diamond industry is in its healthiest state in over a decade, but it will need to be proactive if it wants to maintain that progress.ĭiamond Prices Firm Amid Optimistic Outlook Latest Publications on Diamond Prices July 2021: We would like to hear your thoughts on the current state of the diamond market – Click the comments button below.
What could the future of diamond prices look like? As COVID-19 cases begin to decrease in India, could the increase in supply also decrease the average price of diamonds? Only time will tell. Bear in mind that the average price of round diamonds has increased by a staggering 18 percent since July 2020 (when the industry hit its all-time low). However, industry experts are concerned that we’re headed into a potential diamond price bubble. The increase in diamond prices has left us feeling optimistic for the rest of the year ahead. Keep an eye out for August’s diamond prices.
We update the diamond prices on a monthly basis.
PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. PriceScope has been collecting retail diamond prices since 2007 of over 500,000 diamonds. We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds. The current average and lowest prices per carat are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity. The average price per carat for round diamonds continues to increase due to high demand and supply shortages. This July the average price per carat for a round diamond of 1 – 1.4 carat G color VS1 clarity is $8,350 compared to June 2021 which was an average price of $8,205. The table below gives you the rundown and details of the changes for the last three months ( – ).
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