IDEX Price Report for 1 May: Prices Show Signs of Stabilizing

A diamond held by dop is polished on rotating automatic cast iron lap

Prices showed signs of stabilizing during April, with an even mix of increases and decreases in many sizes, especially fancy cuts. Overall there were more clusters of price rises than we have seen of late.

It’s too early to positively identify a clear upward trend, but the “end of the lab grown boom” is arguably having an impact. Lab grown prices are now so low – in some case just 10 per cent of natural – that many jewelers are opting not to stock them in inventory and are only buying them on consignment.

In addition the G7 sanctions, in place since 1 March, are now starting to bite, and to slowly push up prices.

They have effectively restored the De Beers monopoly, although its rough production is down by almost a quarter so far this year (as is Rio Tinto’s) and rough sales remain sluggish (down 18 per cent on last year). Meanwhile polished exports from India fell by 27 per cent during March to $1.2bn

Highlighted changes

Rounds

1.00-1.24 ct. D-F / VVS2-VS1 +4-5%, F-I / IF-VVS1 -1-7%

2.00-2.99 ct. D-G / VVS2-VS2 +2.5-5%, G-N / IF-VVS1 -2-5%

4.00-4.99 ct. E-I / VS1-2 +1-4%, K-M / VS2-SI1 -1-2%

Fancy Cuts

1.25-1.49 ct. D-I / VVS1-SI1 -1-6.5%

1.50-1.99 ct. D-E / VVS1-VS2 +1-5%, I-J / IF-VS2 -4.5-5.5%

2.00-2.99 ct. D-H / VVS2-VS2 +2.5-3%, H-N / IF-VVS1 -2-5%

Source: DCLA

Sell Platinum, Diamonds, Gold and Silver

We ensure you are always in the best position to #sell your #gold and #silver with our price advantage.

Visit our office in the Sydney CBD and meet with one of our trained gold buyer specialists.

We will be delighted to have a chat with you about the gold market and how you can use your old gold and silver to find a financial solution.

Call us for a price or appointment. 02 9020 5150

Website: GoldCompany

Diamond Buying And Selling Tips

 You may experience uncertainty when purchasing a diamond, particularly an engagement diamond. This is not unjustified with the increased incidence of treated diamonds, synthetic diamonds and diamond simulants, no to mention incorrectly certified or graded diamonds.

Some Quick Tips

Buy from a reputable jeweller. A reputable jeweller sells with genuine Diamond Grading Reports or Certificates.

Buy with a diamond grading report or certificate from an independent and recognised diamond grading laboratory. This ensures you have a natural, untreated diamond that has been graded accurately. DCLA is the only independent and internationally recognised laboratory in Australia.

Note that a “valuation” or “appraisal” is NOT a certificate.

Read the certificate carefully to ensure that you make an informed decision

Price comparison is only possible if you are comparing certified diamonds. Diamond Grading Reports and Certification allows you to compare prices without unknowingly sacrificing quality or natural origin.

Be cautious of “sales” which appear to be genuine but are nothing more than a large discount off an inflated price. If it seems to good to be true, it probably is.

Be cautious of internet retailers offering a huge selection of diamonds. Often many are not available – this is a classic baiting scam.

Buy a diamond that is cold laser inscribed. This identifies the diamond and ensures you get the one described by the diamond’s report or certificate.

Do not buy your diamond overseas, buy locally. This ensures you have recourse if anything is wrong.

Diamonds are priced the same way worldwide -there are no cheap diamonds, only lower quality.

Read more: DCLA

Diamond Buying And Selling Tips

 You may experience uncertainty when purchasing a diamond, particularly an engagement diamond. This is not unjustified with the increased incidence of treated diamonds, synthetic diamonds and diamond simulants, no to mention incorrectly certified or graded diamonds.

Some Quick Tips

Buy from a reputable jeweller. A reputable jeweller sells with genuine Diamond Grading Reports or Certificates.

Buy with a diamond grading report or certificate from an independent and recognised diamond grading laboratory. This ensures you have a natural, untreated diamond that has been graded accurately. DCLA is the only independent and internationally recognised laboratory in Australia.

Note that a “valuation” or “appraisal” is NOT a certificate.

Read the certificate carefully to ensure that you make an informed decision

Price comparison is only possible if you are comparing certified diamonds. Diamond Grading Reports and Certification allows you to compare prices without unknowingly sacrificing quality or natural origin.

Be cautious of “sales” which appear to be genuine but are nothing more than a large discount off an inflated price. If it seems to good to be true, it probably is.

Be cautious of internet retailers offering a huge selection of diamonds. Often many are not available – this is a classic baiting scam.

Buy a diamond that is cold laser inscribed. This identifies the diamond and ensures you get the one described by the diamond’s report or certificate.

Do not buy your diamond overseas, buy locally. This ensures you have recourse if anything is wrong.

Diamonds are priced the same way worldwide -there are no cheap diamonds, only lower quality.

Read more: DCLA