IDEX Price Report for 1 February: Slow Start to the New Year

(IDEX Online) - A hesitant start to 2024. Round prices started to pick up in December, but haven't followed through in January. And fancies sustained some significant losses during the month. We're in the lull between the holiday season and Valentine's Day, and nobody's really sure which way prices are moving. India's two-month moratorium is credited with sparking some recovery in the market. De Beers has built up a stockpile in recent months amid ongoing Sightholder caution and has been dropping its prices. Alrosa is back in the game after a two-month halt on rough sales, but will be selling to nations beyond the G7 after sanctions were introduced on 1 January.  

Highlighted changes

Rounds

2.00-2.99 ct. E-H / VS1-2 -1-3%, K-L / VS1-SI2 +1.5-4%

3.00-3.99 ct. D-F / IF-VVS2 -1-4.5%, G-H / SI1-2 +1-2.5%

4.00-4.99 ct. D-F / IF-VS2 -1-4%, J-N / VVS1-VS1 +1-2.5%

Fancy Cuts

1.00-1.24 ct. D-H / VVS1-VS2 -1-5.5%

1.50-1.99 ct. I-K / IF-VS1 -1-3%

5.00-5.99 ct. D-J / IF-VVS2 -0.5-4%

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