The holiday period is over and 2021 is well underway. Over the past two months, we saw the average price of round diamonds increase compared to most parts of 2020. However, the question that most critics are asking is: Has the 20/21 holiday season saved the diamond market or will we see a second wave of depreciation this year? Let's take a closer look at the Top 5 Popular Diamond Shapes and the average price of round diamonds for February 2021.
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of a diamond on the market consuming 76.55% of the market's popularity. Followed by Oval (4.92%) and then Cushion (4.05%) placing third. Round diamonds have increased in popularity over the past month, therefore decreasing the popularity (%) of the other four shapes. It is interesting to note that the Cushion shape has placed third in the Top 5 Popular Diamond shapes compared to January 2021, overtaking the Emerald shape on the popularity chart.
DIAMOND PRICE CHART FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months (12/01/2020 - 02/01/2021).
This February the average diamond price per carat for a round diamond of 1 - 1.4 carat G color VS1 clarity is $7,657 compared to January 2021 which was an average price of $7,797. We have seen a slight decrease in the past month.
The current average and lowest prices per carat are shown in PriceScope's diamond price charts by carat and their corresponding color and clarity.
We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds.
PriceScope has been collecting retail diamond prices since 2007 of over 500,000 diamonds. PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Keep an eye on February's diamond prices.
With Valentine's Day just passing us by - could we see an increase in retail diamond prices come March or will we see a continuous decrease? Only time will tell. Share your thoughts with us by clicking on the "comments" button below.
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