The IDEX Online Polished Price Report for July 24

Even fewer changes were sees this week in round diamond prices, according to the weekly IDEX Online Price Report. Most changes were seen in the very smallest sizes and were mostly negative.

 

Moving on to fancy shape diamonds, and the majority of movement was seen in mid-size diamonds, with most changes being negative.

 

The following are some of the changes in this week's IDEX Online Diamond Price Report.

 

To receive a free copy of the full IDEX Online Diamond Price Report, please email us at prices@idexonline.com.

 

Rounds

 

  • 0.18-0.22 cts D-I / SI2 declining by 3-5%

  • 0.23-0.29 cts three changes, two up, one down

  • 0.30-0.39 cts unchanged

  • 0.40-0.44 cts G / IF -3.2% to $3,050 p/c

  • 0.45-0.49 cts no changes

  • 0.50-0.69 cts two changes, one up and down

  • 0.70-0.79 cts M / VVS2 -2.4% to $2,050 p/c

  • 0.80-0.89 cts unchanged

  • 0.90-0.99 cts H / IF -2.6% to $7,500 p/c

  • 1.00-1.24 cts N / SI2 +4.6% to $2,300 p/c

  • 1.25-1.49 cts two changes, one riser and one decliner

  • 2 cts unchanged

  • 3 cts D / SI1 +3.1% to $26,400 p/c

  • 4 cts E-F / SI1 declines of 3%

  • 5 cts F / VVS2 -3.0% to $67,600 p/c

 



 

Fancy Cuts

 

  • 0.18-0.22 cts D-E / VS2 rising by 3-4%

  • 0.23-0.29 cts D / SI2 rising by 4%

  • 0.30-0.39 cts E-F / VVS1 declining by 2%

  • 0.40-0.44 cts mostly declining

  • 0.45-0.49 cts many declines in better colors, lower clarities

  • 0.50-0.69 cts D / I1-I2 declining by 2-3%

  • 0.70-0.79 cts declines in medium colors and clarities

  • 0.80-0.89 cts J / SI1-I1 rising by 2-3%

  • 0.90-0.99 cts just one change, downwards

  • 1.00-1.24 cts many decliners in better colors and clarities

  • 1.50-1.99 cts H / IF -3.3% to $8,800 p/c

  • 2 cts two risers and two decliners

  • 3 cts D / SI2-I1 rising by 2-3%

  • 4 cts D / VS1-SI1 declining by 2-3%

  • 5 cts two changes, one up and one down

To receive a full free copy of the IDEX Online Diamond Price Report, please email prices@idexonline.com.

Albert Robinson is Editor-in-Chief of IDEX Online, heading an international team of writers that covers global industry related events and issues. He writes about rough and polished diamond prices, publishes industry analysis articles and a popular weekly opinion column. In recent years, Albert has advised a number of leading diamond firms, industry bodies and governmental agencies. He writes research papers on topics ranging from provenance analysis of fancy color diamonds to diamond's contribution to local economies, often contributing or writing the diamond chapters for leading research organizations such as KPMG and Bain & Co.

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Govind Dholakia Honored for Lifetime of Achievements

Govind Dholakia, second from left, accepts congratulations for his Lifetime Achievement award.

Diamond merchant Govind Dholakia has won the 2014 Lifetime Achievement Award from Retail Jeweller India.

Dholakia started his career in 1964, at age 13, working as a diamond cutter. Seven years later he founded Shree Ramkrishna Exports, now one of the largest privately owned diamond companies in the Industry.

In addition to his commitment to the diamond industry, Dholakia is a philanthropist who is keen to contribute to the region where he has spent most of his career.

On the Occasion of his 50-year celebration, Dholakia announced his gift to Surat City -- a world-class diamond education center called the S.R.K. Knowledge Foundation.

Speaking on the occasion, Shreyans Dholakia, Director, SRK Export, said, "I have always seen my father as an extraordinary range of talent and experience with a united commitment to drive the company to unprecedented levels of accomplishment. We could not be in better hands. He is a visionary and pioneer as well as indigenous personality taking the lead and developing home grown solutions to all our problems”.

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GJEPC Hosts “Jewellers for Hope” Dinner

India’s Gem and Jewellery Export Promotion Council, in association with Gemological Science International, recently organised a “Jewellers for Hope” charity dinner in Mumbai. Leading Bollywood celebrities Kajol, Boman Irani, Siddharth Roy Kapur attended the evening, hosted by Raageshwari Sachdeva-Badola. The “Jewellers for Hope” annual charity dinner is the first edition of GJEPC's commitment towards the betterment of the society. Through this initiative, GJEPC would like to spread the message that for businesses to be successful, society around it cannot fail. An industry built on trust, an industry involved in numerous social activities, now comes together to create awareness about GJEPC’s philanthropic initiatives in India. More than 30 leading manufacturers and 260 leading Indian retailers were present at the gala dinner. Some of the retailers present at the charity dinner were TBZ, Titan, PC Chandra, Reliance, Joyalukkas, Orra, PN Gadgill, Senco, GRT, PGI, ForeverMark, GIA, Anmol, Hazoorilal and Khurana. Vipul Shah, Chairman, GJEPC, said, “We are delighted to host this prestigious charity dinner. In doing, so we will, hopefully, raise awareness, with our first of many charity events and we hope to raise as much for worthwhile causes and also create awareness about the gems and jewellery industry's philanthropic initiatives. This dinner provides an opportunity for all of us to talk business and also work together for the enhancement of the society.” Colin Shah, Convener of the Jewellery Panel, GJEPC, said, “GJEPC have put together an outstanding evening. We are very grateful that the funds raised were donated to the foundation to enable us to continue the good work. At GJEPC, we know that most of our trade members are extremely generous and have been associated with various CSR activities at an individual and at a company level. Although the reasons and recipients of their generosity may vary we applaud the ‘act of giving’. Our association with Make-A-Wish is a step in that direction, the objective is to brighten a few moments in the life of incurably ill children in India.” Mr. Mark Gershburg, CEO, GSI. said, “We have a long tradition of social responsibility and it is reflected by its long-term commitment with “Jewelers For Children”. We believe that we require little time and effort to make a big difference. There is a need for corporations, individual donors and all like-minded people to come forth with generous contributions for such noble causes and I am grateful and glad to be a part of this.” Add a comment

Steven Singer Shows “Celebrity-Worthy” Diamond

Steven Singer Jewelers will display a celebrity-worthy 10-carat radiant-cut diamond during a very special VIP event on Sunday July 27th from 10am – 5pm. Valued at over $300,000, this is a once in a lifetime opportunity to see the brilliance and sparkle of a rare diamond up close and personal. A diamond of this caliber is sophisticated enough to have graced the finger of Marilyn Monroe, Grace Kelly, or Elizabeth Taylor. This high quality radiant cut diamond will be on display for one day only during Steven Singer Jewelers VIP event. Visitors can see the diamond on display at the showroom located at the Other Corner of 8th and Walnut in Center City Philadelphia. Founded in 1980, Steven Singer Jewelers is located in the heart of Philadelphia’s Jewelers Row. Add a comment