Hello 2022, with a new year comes new opportunities and new expectations. It's unpredictable what 2022 holds for the diamond industry given the rough past two years we've had but let's hope that this new year will polish the repairs of the COVID-19 global pandemic made in 2021 (no pun intended). This festive season was a positive one for the diamond price industry with reliable sources reporting that "polished diamond prices rallied in December" (source: Rapaport) and "the IDEX Polished Price Index ended the year with its biggest rise of 2021" (source: IDEX). However, what could this mean for the month of January? Let's take a closer look at the Top 5 Popular Diamond Shapes and state of Natural Diamond Prices for January 2021:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamonds on the market making up 75.34% (popularity) however slightly decreasing (-3.23%) in popularity since December 2021. Oval continues to sit in second place making up 6.85% (popularity) and slightly increased in popularity (+0.83%) since last month. Cushion remains in third place making up 5.19% (popularity). Emerald has made a come back overtaking Pear in popularity although both shapes remain in the Top 5 Popular Diamond Shapes.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months.
This January the average price per carat for a round diamond of 1 - 1.19 carat G color VS1 clarity is $8,393 compared to December 2021 which was an average price of $8,478. The average price per carat for round diamonds has slightly decreased this 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 out for February's diamond prices.
We saw a slight decrease in the average price of natural diamonds this month which is a usual occurrence post-season but with the Month of Love coming up could we see an annual spike? Let us know your 2022 natural diamond industry predictions - Click the comments button below.
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Latest Publications on Diamond Prices January 2021:
Rapaport: Diamond Prices End the Year on a HighPolished diamond prices rallied in December, with most size categories showing gains for the full year. Steady demand, supply scarcities, and high rough prices buoyed the market.
Hong Kong Retail Steady Amid Govt. StimulusHard-luxury sales in Hong Kong remained strong in November as the economy continued to recover and the government stimulus drove shopping.
Miners Reveal Dates of 2022 Rough SalesDe Beers, Alrosa, and Rio Tinto have released their schedules for this year's contract sales, at which the miners offer the majority of their rough supply.
Giant 7,525-ct Emerald Sells for Undisclosed SumOne of the world's largest emeralds - weighing 7,525 carats - has been bought by Eshed - Gemstar.
IDEX Polished Price Index Rises Sharply in DecemberThe IDEX Polished Price Index ended the year with its biggest rise of 2021 - up by 4.25 per cent in December. That eclipsed an increase of three per cent in November, which followed a flat October. The Index rose steadily day by day throughout December, with a significant jump on the 17th and 18th, a week before Christmas.