Sign UpSign In
Newsroom Full Article

BVGD Calls for Credible Diamond Price Index Following Price List Changes

November 02, 08 by IDEX Online Staff Reporter
 

The Belgium Polished Diamond Traders Association (BVGD) expressed concern over the price reduction on Friday of the Rapaport diamond price list. According to the BVGD, a decrease across the board from 10 carats down to 0.30 carats “Simply does not reflect the reality of the market.”

 

In a widely circulated press release, the BVGD said the 3+ carat goods, which saw large price increases in recent moths, will suffer the greatest reduction. “What is inconceivable is why the Rapaport Group considers it appropriate to reduce prices similarly in all ranges from 0.30 - 10 carats,” it said.

 

According to BVGD, recent price changes in 0.30 carat - 1.00 carat were not even reflected on the Rapaport list.

 

The Association appealed to other polished diamond trade associations to join it under the umbrella of the World Federation of Diamond Bourses (WFDB) to form a “credible price index on a clear and transparent methodology.”

Share |
Diamond Index
Related Articles

IDEX Online Research: Jewelry Inflation Cools in September

October 28, 08 by Ken Gassman

Read More...

RBC Capital: Diamond Prices to Decrease 10% by 2010

October 26, 08 by Edahn Golan

Read More...

IDEX Online Research: Polished Diamond Prices Soften Slightly in September

October 02, 08 by Ken Gassman

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.