Polished Diamond Price Index Rises Slightly in November

(IDEX Online News) - The IDEX polished diamond price index was up slightly in November during the month.

The Index began the month at 123.72 and ended at 124.40.

Outlook

There were highly promising polished October export figures released by the Indian and Belgian diamond industries in November, with rises on the year in October of 19% and 17%, respectively. Meanwhile US polished diamond imports in September increased by 10%.

All eyes will now, naturally, be on the sales figures for the holiday season and the Chinese New Year in February.

Proof of the high inventory levels and that wholesalers and retailers are fully stocked for the holiday season came with De Beers' results for the ninth sale of 2018 published towards in November.

For the first time this year, sales fell below the $500 million mark, coming in at $440 million following the $475 million figure posted in the previous sale.

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