Diamond Prices – April 2021

Retail diamond prices have made a remarkable recovery since the COVID-19 outbreak back in March 2020. The diamond industry has experienced some dark days throughout 2020 but could this recovery be the light at the end of the tunnel. Let’s take a closer look at the Top 5 Popular Diamond Shapes and the average price of round diamonds for April 2021.

POPULAR DIAMOND SHAPES

Round diamonds continue to be the most popular shape of diamond on the market consuming 78.70% of the market’s popularity. Followed by Oval (4.87%) and Pear (3.28%) placing third. Oval remains in second place yet has increased in popularity (%) over the past month. Pear claimed third place overtaking Emerald, which placed in 4th place. Cushion still remains in 5th place for two consecutive months.

DIAMOND PRICE CHARTS FOR ROUND DIAMONDS

The table below gives you the rundown and details of the changes for the last three months (02/01/2021 – 04/01/2021).

This April the average diamond price per carat for a round diamond of 1 – 1.4 carat G color VS1 clarity is $7,783 compared to March 2021 which was an average price of  $7,742. We have seen a greater increase in the past month.

The current average and lowest prices per carat are shown in PriceScope’s diamond price charts by carat and their corresponding color and clarity. 

We advise consumers to keep in mind that cut quality and vendor services such as upgrades and returns can make a significant difference in the price point when shopping for loose diamonds.

PriceScope has been collecting retail diamond prices since 2007 of over 500,000 diamonds. PriceScope diamond price chart page shows the full diamond price charts for rounds and other fancy shapes. We update the diamond prices on a monthly basis. Keep an eye out for May’s diamond prices. 

We have seen a positive increase in the average price of retail diamond prices over the past two months. As the world begins to ‘normalize’ could we see the diamond industry begin to stabilize or do we still have reason to be concerned. We would love to know what you think. Let us know your thoughts by clicking on the comments button below.

LATEST PUBLICATIONS ON DIAMOND PRICES 

Rapaport:

India Polished Exports Continue to Grow 

India’s polished-diamond exports increased 27% year on year in February, reflecting momentum in the market after January’s 9% rise. Rough imports were flat at $1.46 billion, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC).

Coronavirus Updates: Impact on the Diamond Trade

The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted by the virus.

Rapaport Weekly Market Comment

Diamond market quiet during Passover, Easter, and India’s Holi festival. Dealers expecting stable 2Q trading. Some concern that rising inventory levels may impact prices during a slower season. More polished becoming available due to increase in manufacturing since the beginning of the year, as evidenced by the GIA backlog. 

IDEX: 

IDEX Research: Record Jump in Polished Year-on-Year Diamond Prices 

Year-on-year diamond prices for March were up 3.9 per cent, the biggest increase for over two years. They have been climbing constantly since the low point of April 2020 when they were 4.8 percent down. The March increase was more than double the February rise of 1.9 per cent.

IDEX Price Report for 1 April: Rounds and Fancies Rise Slightly 

The more dominant movement was upwards for both rounds and fancies in March. There was little activity among fancies, but smaller goods reversed many of the losses suffered in February.

Edahn Golen – Diamond Research and Data:

How much are we really spending on Diamond Engagement Rings? 

Getting engaged and buying an engagement ring is a key life event. Purchasing engagement rings, especially if you are in your 20s, is usually the first time you buy a major diamond jewelry item. As such, it typically leads to many questions about the purchase.

By Andrey Pilipchak