PolishedPrices Index Shows Life On Larger Diamond Gains

02/11/2015 14:51

In its Market News, polishedprices reports that last week saw steady gains in better quality larger sizes, helping to lift the overall index despite sharp falls in the smaller Fine quality ranges. Among the benchmark ranges, one carat Fine and Commercial saw the strongest gains over the prior week, rising 3.6% and 7.1% respectively. Fine and Commercial 0.5 carats also performed well, adding 3.7% and 1.5% in turn. However, Fine and Commercial 0.3 carats reversed most of the gains made in the prior week, to finish 8.0% and 2.3% lower. The main polishedprices index opened 1.3% higher than the previous Monday at 125.9 points. The overall index is still 12.8% lower than this time last year, and has lost 7.7% since the start of 2015.

Their Market Report states that, "Overall trading volumes were low in the diamond market amid cautious sentiment. In the US, stock market volatility and a strong dollar have prompted fears that this will dent purchases by local consumers and tourists during the all-important Christmas season. Consumer confidence rebounded less than expected in October, as wealthier households worried about volatility in financial markets."