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June 2018 market report

June 2018 market report

The market in June was characterized by more changes in demand than usual. There was an increase in the number of categories in rising demand, while the American market saw a sharp drop in demand for smaller goods. The reasons to this market activity include the results of the Las Vegas trade show, the small trade show in Hong Kong, seasonal changes, and even preparations for the upcoming summer vacations in the diamond centers.

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3169 Hits

One Carat Rounds – Largely Stable, With Some Exceptions

One Carat Rounds – Largely Stable, With Some Exceptions

Since April 2009, the average wholesale price of 1-carat round diamonds rose by 12.3%. Not a whole lot, however this figure is somewhat misleading. Along the way, prices were as much as 82% higher than in April 2009, falling to just 6% above the April 2009 levels.

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  2192 Hits
2192 Hits

Las Vegas Show Signals Positive Market Atmosphere

Las Vegas Show Signals Positive Market Atmosphere

The Las Vegas trade shows – JCK, Couture, Luxury, and AGTA – were active and positive this year, a clear departure from past annual June trade shows held in Las Vegas. The annual pilgrimage to the city was engulfed with a positive expectation by diamond traders, American retailers, and jewelry wholesalers. While not an exaggerated optimism, or ungrounded feeling that everything is going to be all right, it was an understanding that demand is there, prices are right, and people want as well as need to do business.

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  1889 Hits
1889 Hits

Mercury Polished Diamond Prices: Prices Solidify

Mercury Polished Diamond Prices: Prices Solidify

Prices of most round-shaped polished diamonds increased in May, according to the Mercury Diamond Global Tracker™ (MDGT™). The few exceptions were the larger goods, 5-carats and above, and the thirds (0.30-0.39 carats). The rising prices continue the trend of firming up of the polished market. With the exception of a small decline in March, polished diamond prices have improved almost across the board in every month in the past six months. This is clearly a trend.

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  2512 Hits
2512 Hits

De Beers Shakes Industry Foundations Lab-Grown Initiative

De Beers Shakes Industry Foundations Lab-Grown Initiative

Last Tuesday, De Beers announced that it will be launching a new brand of fashion jewelry containing laboratory-grown diamonds (LGD). The initiative, called Lightbox Jewelry, had an immediate ripple effect, reverberating throughout the diamond pipeline, from miners to retailers. The magnitude of the announcement cannot be overstated. It is an earthquake.

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6002 Hits

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