IDEX Price Report for 1 October: Rounds Keep on Falling

(IDEX Online) - It was "more of the same" during September, as round prices again suffered wholesale losses, but fancies fared somewhat better.

Markets remain weak, sentiment remains slow and Alrosa has halted sales for two months in a move aimed at stabilizing the market.

Lab growns are set to overtake natural diamonds, and currently account for almost half of unit sales. And the global economy remains in the doldrums.

In addition, the G7 nations, accounting for 70 per cent of diamond purchases, are poised to announce sanctions on Russia any day now.

Meanwhile the US has extended existing sanctions to cover Russia's AGD Diamonds and its Belgian subsidiary Grib Diamonds to limit the cash flowing into Russia's war machine.

Highlighted changes

Rounds

1.00-1.24 ct. D-I / IF-VVS2 -1-6.5%

1.50-1.99 ct. E-J / IF-SI2 -1.5-7%

4.00-4.99 ct. D-E / IF-VVS2 -1-4%, G-H / IF-VVS2 +1-3% 

Fancy Cuts

0.50-0.69 ct. G / IF-VS1 -1.5-4.5%

1.00-1.24 ct. D / VVS1-VS2 +1-5%, D-I / SI1 -2-5%

3.00-3.99 ct. K-M / VVS1-VS2 +1-2%, E-I / SI3 -1-5%

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