IDEX Price Report for 1 February: Further Signs of Stability
February 01, 25
(IDEX Online) - Post-holiday prices showed further signs of stabilizing during January - especially larger rounds. That's despite the markets remaining generally quiet. Fancies fared less well, in line with performance in recent months.
Manufacturing in India remains well below full capacity, with weak demand for diamonds forcing some facilities to switch to jewelry.
Caution about lab growns persists. There is a growing recognition within the natural diamond industry that it needs to tell its story more convincingly in response to plunging lab grown prices.
Rounds
There were further signs of relative stability, with none of the wall-to-wall price drops of recent months. Price rises continued to dominate among the more volatile 4.00-cts to 5.99-cts goods, as they have done in recent months, across almost all colors and clarities. There was also notably less activity overall in goods, at least up to 1.99-cts
Highlighted changes
1.00-1.24 ct. D-G/ VVS1-VS1 -1-5%
2.00-2.99 ct. D-G / IF +1-4%, G / VS2-SI3 -1-1.5%
4.00-4.99 ct. K-N / IF-VS1 +1-2.5%, H / IF-VS2 -0.5-3%
Fancy Cuts
0.80-0.89 ct. G / VVS1-SI2 -1.5-5.5%
1.00-1.24 ct. D-E / VVS2-VS2 -1.5-2.5%
5.00-5.99 ct. L-N / IF-VS2 -1.5-4%, E / IF-VS1 +1.5-3%
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