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Prices on the Upswing
The true is for both rough and polished, albeit that they have been increasing at a slightly different pace.
By: Diamond World News Service
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May 4 2011 2:03PM
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Reference: 5970  

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Whether it was at the Hong Kong fair earlier in the year which saw phenomenally high polished prices, or it is Antwerp where ever increasing rough prices are causing some anxiety, prices have been the focus of the diamond industry worldwide. Diamond World reviews the situation.

It’s been a bull ride for diamond prices in recent times. This is true for both rough and polished, albeit that they have been increasing at a slightly different pace. The factors impacting the two seem to be interlinked.

At the Hong Kong Fair, in early March this year, diamantaires were ecstatic at the strong demand for, and the prices that their diamonds attracted, almost across the board.

“There is an incredible demand for polished,” said Kunal Mehta of Eurostar. “Pointers, grainers are doing very well.” Mehta added that larger sizes were picking up as there was investment interest in those, and there was scope for growth in that area.

This was a culmination of a rising trend and several people expected that after the fair prices would go down. But that was not the case. In March 2011, prices reached a new high outstripping the peak they had attained in August 2008. This was after a continuous downward movement from around October-November 2008 through much of 2009. Polished prices began moving up towards end 2009 and continued to climb steadily through much of 2010, but rose sharply in the first quarter of 2011.

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