IDEX Price Report for 1 November: Rounds Suffer Wholesale Losses

(IDEX Online) - There were swathes of price drops during October, especially among rounds. Indian manufacturers are being urged to support a voluntary ban on rough purchases (15 October to 15 December).

Alrosa halted all rough sales during September and October, and Okavango, Botswana's state-owned diamond company, announced last week that it was doing likewise, cancelling its November auction, and possibly its December auction as well. 

De Beers rough sales slumped to just $200m during October (cycle 8), the second lowest figure since it started reporting Sight totals in 2016. The company has cancelled its online rough auctions, which account for around 10 per cent of its sales, for the rest of the year.

Highlighted changes

Rounds

1.50-1.99 ct. F-I / IF-SI3 -0.5-5%

2.00-2.99 ct. D-L / VVS1-SI3 -1-6%

4.00-4.99 ct. D-F / IF-VVS2 -1-4%

Fancy Cuts

1.00-1.24 ct. D-I / IF-VVS1 -1-3.5%

2.00-2.99 ct. D-E / VVS1-2 -1-4.5%, D-F / VS1-2 +1.5-4%

5.00-5.99 ct. E-F / VVS1-2 -1-4%, I-J / IF-VVS2 +1.5-3%

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