May Polished Diamond Prices Soften

Polished diamond prices have been on a rollercoaster ride for almost a year, and May’s prices were on the downhill side of that ride. After a notable recovery in March and April, polished diamond prices slipped in May.

·         The IDEX Index of Global Polished Diamond Prices averaged 128.7 during May, down from April’s average of 131.1. The only good news: May prices were well ahead of the year’s low of 123.7 in February. The IDEX Index is sales-weighted, so it reflects current market activity.

·         Polished diamond prices reached a daily IDEX index high of 129.5 in early May, but settled back to 128.3 at the end of the month.

·         Polished diamond prices were less volatile in May than in prior months. However, there was no energy or momentum, so prices settled lower at the end of the month.

Polished Diamond Prices On A Roller Coaster Ride

After significant volatility during the third and fourth quarters of 2014 and early 2015, global polished diamond prices in May slipped, after climbing modestly higher in March and April.

The graph below illustrates long-term price trends for polished diamond prices.

The graph below shows the volatility of polished diamond prices during the second half of 2014 as well as the first five months of 2015.

On a month-to-month basis, global polished diamond prices were down modestly in May, when compared to April, as the graph below illustrates. Further, the graph illustrates the volatility of recent polished diamond prices.

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