(IDEX Online) - Rounds prices held up better than in recent months, and demand for fancies drove up prices, especially among 0.30-cts to 0.79-cts goods. China is post-Covid, the US is emerging from the depths of its inflationary woes and consumer confidence is actually on the rise. Things aren't great, but the industry appears to be getting used to another "new normal".
It's now over a year since Russia invaded Ukraine. Sanctions, such as they, have become part and parcel of day-to-day dealings and have had little impact on prices Further sanctions may come, but the US, G7 or EU are still dithering.
Belgium's imports of Russian diamonds actually rose 36 per cent year-on-year to $141 million in January.
HIGHLIGHTED CHANGES
Rounds
1.00-1.24 ct. D-G / VS2-SI1 +1-2.5%
1.50-1.99 ct. D-K / SI1-2 -1-4%
5.00-5.99 ct. D-F / IF-VS2 -0.5-4%, L-M / VVS1-SI3 +1-4%
Fancy Cuts
0.50-0.69 ct. D-G / IF-VS2 +3-7%
0.70-0.79 ct. D-I / VS1-2 +1-4%, D-F / IF-VVS1 +1-4%
2.00-2.99 ct. D-H / VS1-2 -0.5-3%, J / VVS1-SI2 +1-4.5%
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