IDEX Price Report for 1 January: More Falls for Rounds, Some Rises for Fancies

(IDEX Online) - Price drops dominated yet again among rounds during December, but there price increases among fancies, as consumers opted for lower-priced goods. Manufacturers in Surat reportedly working at just half capacity.  Consumer demand remains depressed, with pre-Christmas spending down 5.4 per cent year-on-year, according to the latest Mastercard SpendingPulse report. And inflation shows no sign of slowing in the US, Europe and beyond. However, Covid cases in China, which peaked at the start of December, have since declined significantly and travel restrictions have finally been scrapped.

HIGHLIGHTED CHANGES 

Rounds

1.00-1.24 ct. D-G / IF-VVS1 -2-4%, D-E / VS1-SI2 -1-3%

1.50-1.99 ct. D-F / IF-VS2 -0.5-3.5%, I-J / VS1-SI1 +1-3%

5.00-5.99 ct. D-E / IF-VS2 -2.5-4%, D-E  / SI2-I2 +1.5-2% 

Fancy Cuts

1.00-1.24 ct. G-H / IF-SI1 +1-3%

1.25-1.49 ct. E-I / IF-VVS1 +2-5%, E / VVS2-VS2 -1-2%

4.00-4.99 ct. G-H / VVS2-VS1 -1.5-3%, D-M / SI3 +1.5-5%

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