Diamond Prices – May 2021

PriceScope has consistently analyzed retail diamond prices each month since the beginning of 2007. We have seen a steady positive increase in the average price of round diamonds which has continued to be the most popular shape of diamond since the beginning of time. Furthermore, we continue to list the top five (5) most popular diamond shapes on the market each month to give our readers an understanding of which diamond shape besides round is trending for that particular month. We hope that you find these monthly blogposts resourceful. 

Let’s take a closer look at the diamond prices for May 2021:

POPULAR DIAMOND SHAPES

Round diamonds continue to be the most popular shape of diamond on the market although dropping by 2.46% in popularity since April 2021. Oval still sits in second (2nd) place for two (2) consecutive months but has increased in popularity by 0.57%. Pear has dropped to fifth (5th) place with cushion taking the lead in third (3rd) place. Emerald remains in fourth (4th) place for two (2) 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 (03/01/2021 – 05/01/2021).

This May the average diamond price per carat for a round diamond of 1 – 1.4 carat G color VS1 clarity is $7,909 compared to April 2021 which was an average price of  $7,783. 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. 

Average Diamond Price per Carat (05/01/2021) 

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 on June’s diamond prices. 

We have seen a positive increase in the average price of round diamond prices over the past three months. Although, news reports may tell us otherwise. Could this mean that the market is stabilizing or will we see a dip in the average price of round diamonds due to the increase in popularity of lab-grown diamonds? Only time will tell. 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: 

Rapaport Weekly Comment 

Diamond market activity slower due to spike in Covid-19 cases in India. Many small-scale Surat factories shut because of health concerns and lack of workers. Drop in polished production supporting prices. 

India’s Polished Shipments Rebound 

India’s polished-diamond exports more than doubled year on year in March, reflecting a release of pent-up demand and a favorable comparison with the start of the coronavirus crisis in 2020. Shipments stood at $2.16 billion for the month, up from $965 million a year earlier, according to data the country’s Gem and Jewelry Export Promotion Council (GJEPC) released in recent days.

Hong Kong Diamond Imports 

Hong Kong’s polished-diamond imports rose 47% year on year to $3.43 billion in the first quarter of 2021, reflecting an improvement in market conditions compared with the onset of the coronavirus crisis. However, shipments were still well below the $5.02 billion the municipality recorded in the same period of 2019.

US Polished Imports Return to Downward Trend 

US polished-diamond imports fell again in February after showing signs of stabilizing in the previous month, according to recent data from the US Department of Commerce. Shipments dropped 7% to $1.35 billion as a 9% drop in the average price outweighed a slight increase in the volume of imports.

IDEX:

IDEX Polished Price Index Rises Slightly in April 

The IDEX Polished Price Index rose 0.73 per cent during April, and remains at its highest point since June 2019. It increased 0.80 per cent in March after a flat February.  Throughout most of April the Index fluctuated slightly, but it dipped then rose in the final week of the month.

Forbes: 

Lab-Grown Diamonds Gain Even More Credibility As Pandora And Diamond Foundry Ditch Mined Gems 

Lab-grown diamonds, the manmade alternative to naturally-grown diamonds, have faced an uphill battle to be recognized by the jewelry industry as an acceptable alternative to mined diamonds.

By Andrey Pilipchak