Polished Diamond Prices Rise in June

After languishing for most of the month, global polished diamond prices perked up notably in the final days of June. The rise in diamond prices is most likely related to the “jewelry show” effect. As traders gather and hold goods for the particular show, fewer items are available in the trading centers, causing prices to go up.  

The IDEX Index of Global Polished Diamond Prices averaged 130.1 during June, up from May’s average of 128.7. The good news: prices remain well ahead of the year’s low of 123.7 in February.

Polished diamond prices reached a daily IDEX index high of 132.9 on the last day of June, and have held near that level for the first few days of July.

Polished diamond prices were flattish most of the month, then showed a spike on June 27. Since then, prices have been flat at the new higher level.  

Polished Diamond Prices Show Movement

After significant volatility during the third and fourth quarters of 2014 and early 2015, global polished diamond prices continued rose in June after slipping in May from higher levels in March and April.

The graph below illustrates long-term trends – and recent volatility – for polished diamond prices.

Click here to see the full IDEX Online Research Article.