We're 3 months into 2022. In Jan and Feb there was a continued recovery in natural diamond prices, from their low in 2020. As we entered March prices increased notably, possibly reflecting a reaction to sanctions against Russia which specifically name diamonds (Russia produces 1/3 of the world's diamonds). Let's take a closer look at the Top 5 Popular Diamond Shapes and state of Natural Diamond Prices for March 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamonds on the market making up 70.92% (popularity) but decreasing (-4.42%) in popularity since last month. Oval continues to sit in second place making up 6.66% (popularity) and slightly increased in popularity (0.3%) since last month. Cushion remains in third place making up 6.41% (popularity) and slightly increased in popularity (0.76%) since last month. Emerald continues to sit in fourth place and we welcomed a new shape to the Top 5 Popular Diamond Shapes in February, radiant.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months.
This March the average price per carat for a round diamond of 1 - 1.19 carat G color VS1 clarity is $10,158 compared to February 2022 which was an average price of $8,632. The average price per carat for round diamonds has increased this month.