From a global pandemic to a war. Yet another global disaster to humanity many of us did not see coming. It's been just over a month since Russia invaded Ukraine and what is to be considered Europe's largest refugee crisis since World War II. On March 11, the US government banned imports of Russian diamonds. The sanctions extend to rough diamonds mined in Russia and stones cut and polished in the country. Bear in mind that Russia produces 1/3 of the world's diamonds. It is still uncertain how this will impact the supply of diamonds throughout the world. So, let's take a closer look at the Top 5 Popular Diamond Shapes and the state of Natural Diamond Prices for April 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamond on the market making up 72.28% (popularity) and increasing by 1.36% in popularity since March 2022. Oval sits in second place making up 7.26% (popularity) and rising by 0.6% in popularity since last month. Cushion remains in third place making up 5.66% (popularity), although slightly decreasing in popularity by 0.75% since last month. Emerald and radiant continue to sit in fourth and fifth place of the Top 5 Popular Diamond Shapes since February 2022.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months.
This April the average price per carat for a round diamond of 1 - 1.19 carat G color VS1 clarity is $9,921 compared to March 2022 which was an average price of $10,158. The average price per carat for round diamonds has decreased this month.
