Small Decrease in Polished Diamond Prices in January

(IDEX Online News) - There was a small decline in the IDEX polished diamond price index during January following a slight rise in December.

The Index began the month at 120.88 and ended at 119.21.

Outlook

Sentiment in the diamond centers was generally solid, with the industry restocking after what was reportedly an upbeat holiday sales season and with the Chinese New Year (which falls on February 16) sales period.

There are solid expectations for the Year of the Dog in China as regional jewelry players report good results. And in the United States, with Valentine's Day approaching, retailers are re-filling.

In Israel polished manufacturers and traders were preparing for the annual International Diamond Week in Israel, which was set for February 5-7. And in India and Antwerp, reports from the trade suggested the year was starting off slowly, albeit with firm sales.

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