Latest Publications on Diamond Prices October 2022:
Market sentiment cautious amid softening prices. 1 ct. RAPI -3.8% in Sep. and -9.7% during 3Q. Retail jewelers expecting steady holiday sales but being careful not to hold large inventories amid economic uncertainty.
Polished trading was slower than usual in September as US economic uncertainty and the slowdown in China affected sentiment. Dealers were cautious as polished prices continued to slide.
Israel's diamond shipments jumped sharply in September, reflecting annual variation in the timing of the Jewish holidays as well as the return of the main Far East trade show.
Imports of polished diamonds into the United States rose 9% year on year to $1.89 billion in July, continuing the momentum experienced in the first half, according to data from the country's Department of Commerce. The volume of shipments fell 17%, signaling a shift to larger and better-quality goods; the average price of imports increased 33% to $2,144 per carat.
India's polished-diamond exports fell 7% year on year to $1.88 billion in August, according to recent data from the country's Gem & Jewellery Export Promotion Council (GJEPC). However, rough imports increased during the month, indicating an inventory buildup at manufacturers.
The IDEX Polished Price Index suffered a sixth consecutive month of decline in September. It was down 2.34 percent, the biggest drop since the Index started falling early in March. In August it fell by 2.31 percent. The September decline was almost a straight line, much as it has been in recent months. The Index began falling in early March.
