Polishing Diamonds

According to the reports from IDEX Online the Worldwide polished diamond prices have risen significantly in November. This would link to an annualized 14 percent price increase.

Many factors led to higher prices, some are as follows:.

  • For the month of October diamond jewelry sales in the U.S. proved a solid rise from uninspiring demand in the late summer period. Because bottoming real estate market were responsible for a rising consumer wealth factor, an improving stock market was possible only. When consumers feel wealthy, they increase their discretionary spending.
  • Earlier this year U.S. consumers began shopping for their holiday. While the economic recovery has been slow, the economy is clearly improving.
  • The holidays in the Indian market are over, and traders are buying goods.
  • The overall mood has improved in the diamond industry throughout the entire distribution pipeline. Emboldened diamantine have begun to raise polished diamond prices.

According to the The IDEX Online Global Polished Price Index averaged 117.9 for the month of November, barely up from an average of 117.8 for October. However, the “average” obscured daily trends, as the graph below illustrates. Its Index had reached 118.5 in early September (peak at left on graph below), then fell for the balance of September and October, and began rising in early November, as this three-month daily price summary shows.

Last month, IDEX Online Research was bearish on diamond prices, especially after weak jewelry sales during September in the U.S.

According to the reports from IDEX Online the Worldwide polished diamond prices have risen significantly in November. According to the The IDEX Online Global Polished Price Index averaged 117.9 for the month of November, barely up from an average of 117.8 for October. Its Index had reached 118.5 in early September (peak at left on graph below), then fell for the balance of September and October, and began rising in early November, as this three-month daily price summary shows.