With record-breaking demands of diamonds, diamond dealers get high value on their diamonds.
A monthly January forecast of the diamond industry.
The diamond dealers saw a record high in rough diamond prices. The rough diamond prices increased by 15% for small goods and 5% to 12% for 3 grainers and larger. The rates of polished diamond also saw a rapid rise but diamond dealers and suppliers are waiting for better prices. Prior to this, diamond prices saw a 4 percent hike in October 2021.
The diamond price increase is fueled by 3 times more shortage of diamonds above 0.70 carats.
Fancy coloured diamonds were also the star of the market with an exceptional demand across the world. Diamonds ranging from 1.20 carats to 3.99 carats, colour F-J, and clarity VS to SI are the most in-demand diamond category. It was noted that fancy diamonds below 0.30 carats showed a significant demand post-Diwali festivities. The rise is complimented by the major scarcity of diamonds.
Fancy diamonds are getting immense popularity resulting in diamond manufacturers relying on presenting a broader product range. An increased rise in the orders of Ovals, Pears, Emeralds, Princesses, Long Radiant, and Marquises. The diamond sales accept a higher rate as compared to the usual prices.
The diamond dealers saw a record high in rough diamond prices. The rough diamond prices increased by 15% for small goods and 5% to 12% for 3 grainers and larger. The rates of polished diamond also saw a rapid rise but diamond dealers and suppliers are waiting for better prices. Prior to this, diamond prices saw a 4 percent hike in October 2021.
The diamond price increase is fueled by 3 times more shortage of diamonds above 0.70 carats.
Fancy coloured diamonds were also the star of the market with an exceptional demand across the world. Diamonds ranging from 1.20 carats to 3.99 carats, colour F-J, and clarity VS to SI are the most in-demand diamond category. It was noted that fancy diamonds below 0.30 carats showed a significant demand post-Diwali festivities. The rise is complimented by the major scarcity of diamonds.
Fancy diamonds are getting immense popularity resulting in diamond manufacturers relying on presenting a broader product range. An increased rise in the orders of Ovals, Pears, Emeralds, Princesses, Long Radiant, and Marquises. The diamond sales accept a higher rate as compared to the usual prices.
Steady and rising demand from the Chinese market is helping the diamond industry in the boom. On one side high-quality diamonds conquer the market, poorly-cut and shapeless diamonds are impossible to liquidate and sell.
The United States also saw a positive rise in the polished diamond trading post-holiday season. Diamond dealers in the USA anticipate a further rise in the market price from the Diamond manufacturers in India. The demand for ovals was increased compared to the Round diamonds. Oval diamonds were sold at an affordable price hence the increased demand. Increased demand for 2 carats and higher, G-I, and VS-SI diamonds were also recorded.
HRD Certified Diamond dealers in Belgium are particularly upbeat as momentum continues after an excellent festive season. Though the competition has increased 3 folds, scarcity is still observed.
GIA certified Diamond dealers in Israel face slow traffic due to the spread of the Omicron variant and travel restrictions. Though slight lift of travel bans have enabled diamond traders to sell in the USA market. Israel diamond dealers experience a steady but sure rise in the demands of 1 to 1.99 ct., G-J, and VS-SI diamonds.
Indian diamond manufacturers experience a solid increase in diamond prices from the USA. A stable rise in orders of 1 carat and larger round diamonds in G-H and SI1-SI2 categories. The local diamantaires saw an increase in diamond supply as the wedding season approached. The diamond dealers struggle to replenish their inventories after as increase demand during the festive season.
The United States also saw a positive rise in the polished diamond trading post-holiday season. Diamond dealers in the USA anticipate a further rise in the market price from the Diamond manufacturers in India. The demand for ovals was increased compared to the Round diamonds. Oval diamonds were sold at an affordable price hence the increased demand. Increased demand for 2 carats and higher, G-I, and VS-SI diamonds were also recorded.
HRD Certified Diamond dealers in Belgium are particularly upbeat as momentum continues after an excellent festive season. Though the competition has increased 3 folds, scarcity is still observed.
GIA certified Diamond dealers in Israel face slow traffic due to the spread of the Omicron variant and travel restrictions. Though slight lift of travel bans have enabled diamond traders to sell in the USA market. Israel diamond dealers experience a steady but sure rise in the demands of 1 to 1.99 ct., G-J, and VS-SI diamonds.
Indian diamond manufacturers experience a solid increase in diamond prices from the USA. A stable rise in orders of 1 carat and larger round diamonds in G-H and SI1-SI2 categories. The local diamantaires saw an increase in diamond supply as the wedding season approached. The diamond dealers struggle to replenish their inventories after as increase demand during the festive season.
