We're three months into 2021 and although the average price of diamonds decreased in January and into early - February, could the price of diamonds have increased over the Month of Love as predicted? Let's take a closer look at the Top 5 Popular Diamond Shapes and the average price of round diamonds for March 2021.
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market consuming 77.14% of the market's popularity. Followed by Oval (4.73%) and then Emerald (3.64%) 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 decreased in popularity over the past month going from 3rd place to 5th place.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months (01/01/2021 - 03/01/2021).
This March the average diamond price per carat for a round diamond of 1 - 1.4 carat G color VS1 clarity is $7,742 compared to February 2021 which was an average price of $7,657. We have seen a slight increase 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.
Average Diamond Price per Carat (03/01/2021)
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.
As predicted, Valentine's had a positive impact on the average price of round diamonds. However, with the need to shop for high-end goods simmering down, could we see a decrease in the average price of round diamonds? Share your thoughts with us by clicking on the comments button below.
LATEST PUBLICATIONS ON DIAMOND PRICES
Rapaport: Diamond Prices Stable as Market Finds BalanceThe diamond industry was optimistic in February as the US and China saw solid jewelry sales. Polished trading was steady during the month, though seasonally slower than in January.
Coronavirus Updates: Impact on the Diamond TradeThe Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted by the virus.
US Polished Imports Down Almost 40% in 2020US polished-diamond imports fell 39% to $11.82 billion last year, reflecting heavy declines in the second quarter, according to data from the US Commerce Department. The slowdown eased in the latter part of the year, with December shipments slipping by just 2% year on year.
IDEX: IDEX Research: Polished Diamond Prices Keep Climbing Year-on-YearYear-on-year diamond prices for February were up 1.9 per cent, the biggest monthly increase for over two years. They have been climbing for almost a year now and appear to be finding their level after recovering from the doldrums of the first Covid waves.