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We’re 3 months into 2022. In Jan and Feb there was a continued recovery in natural diamond prices, from their low in 2020. As we entered March prices increased notably, possibly reflecting a reaction to sanctions against Russia which specifically name diamonds (Russia produces 1/3 of the world’s diamonds). Let’s take a closer look at the Top 5 Popular Diamond Shapes and state of Natural Diamond Prices for March 2022:
POPULAR DIAMOND SHAPES
Round diamonds continue to be the most popular shape of diamonds on the market making up 70.92% (popularity) but decreasing (-4.42%) in popularity since last month. Oval continues to sit in second place making up 6.66% (popularity) and slightly increased in popularity (0.3%) since last month. Cushion remains in third place making up 6.41% (popularity) and slightly increased in popularity (0.76%) since last month. Emerald continues to sit in fourth place and we welcomed a new shape to the Top 5 Popular Diamond Shapes in February, radiant.
DIAMOND PRICE CHARTS FOR ROUND DIAMONDS
The table below gives you the rundown and details of the changes for the last three months.
| Diamond Price Changes from 1/1/2022 to 3/1/2022 | |||
| Diamond Carat Sizes | 1/1/2022 | 2/1/2022 | 3/1/2022 |
| 0.0 – 0.5 | 1 % ↑ | 1 % ↑ | 6 % ↑ |
| 0.5 – 1.0 | 0 % | 2 % | 7 % ↑ |
| 1.0 – 2.0 | 3 % ↑ | 2 % ↑ | 4 % ↑ |
| 2.0 – 3.0 | 4 % ↑ | 2 % ↑ | 3 % ↑ |
| 3.0 – 4.0 | 1 % ↑ | 4 % ↑ | 3 % ↑ |
| 4.0 – 99 | 5 % ↑ | 2 % ↑ | 1 % ↑ |
This March the average price per carat for a round diamond of 1 – 1.19 carat G color VS1 clarity is $10,158 compared to February 2022 which was an average price of $8,632. The average price per carat for round diamonds has increased this 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 April’s diamond prices.
Despite economic challenges, we saw a spike in the average price of natural diamonds for the month of March. We feel confident that the natural diamond industry will go from strength to strength this 2022. We would love to know your April natural diamond industry predictions – Click the comments button below.
Whether you’re actively shopping for natural diamonds or just browsing – Check out the PriceScope Diamond Search.
Latest Publications on Diamond Prices March 2022:
Rapaport:
Rapaport Weekly Market Comment
US sanctions Russia, including Alrosa and its CEO. No sanctions on doing business with Alrosa but banking system shut down. Significant supply disruptions expected to impact market.
Russia Sanctions: Resources for the Trade
With the US imposing sanctions on Alrosa and other Russian entities, there is rising concern about the impact on the diamond market, considering the vast rough supplies from the country. The following is a resource center to help the trade gain clarity on the crisis and its effects on the industry.
US Diamond Imports End 2021 on a High
US polished-diamond imports rose 21% to $1.48 billion in December, capping off a year of recovery for the trade. The 12-month figure jumped 64%, according to recent data from the US Department of Commerce.
Sentiment Softens Despite Diamond Price Rise
Diamond prices increased in February as higher rough costs forced manufacturers to raise their polished valuations. The market is being supported by US demand, but economic and geopolitical uncertainty have generated cautious sentiment in the trade.
IDEX:
IDEX Polished Price Index Hits Record High
The IDEX Polished Price Index rose by 4.14 per cent during February and is now higher than it has been for over a decade. The monthly increase was significant, but less than January’s 5.67 per cent. The February increase was close to a straight line with daily rises, unlike January, which saw virtually no movement for three weeks followed by a steep hike. The value of the Index averaged across the whole of February was up 24.2 per cent on the same month in 2021.
