The battle for supremacy between buyers and sellers intensified last week. Whilst January had seen prices rise by around 2% in light volumes, the first week of February saw over half of those gains lost in heavy trading.
Daily Index levels
Level
Daily Change
Monday 01/02
116.4
-1.5%
Tuesday 02/02
118.8
2.0%
Wednesday 03/02
115.1
-3.1%
Thursday 04/02
115.4
0.3%
Friday 05/02
-0.3%
Monday 08/02
114.9
-0.2%
Weekly Index
The main PolishedPrices index fell 1.3% during the week, opening at 114.9 points on Monday. The index is currently 2.9% higher than a year ago, and has risen 8.3% from last April’s low. It is up 0.6% on the year to date.
There were losses amongst nearly all the benchmark categories with only Commercial 0.3 carats posting a gain, adding 2.3%.
The largest loss was in the Commercial 0.5 carat range, which slipped 4.5%
Benchmark groupings PolishedPrices Index.
Current Levels
2010 Low
2010 High
Index
Jan 04
=100
Change from week ago
Change from
year ago
Date
W/E
Year to date change
Overall
-1.3%
2.9%
113.1
05-Jan
01-Feb
0.6%
1 ct
Fine
119.3
-1.4%
18.6%
115.7
20-Jan
126.6
26-Jan
0.2%
Commercial
117.8
14.7%
111.8
06-Jan
127.3
25-Jan
1.2%
Mixed
153.3
-3.3%
11.4%
135.9
159.8
10.1%
0.5 ct
111.2
-0.6%
2.1%
106.4
125.1
1.7%
96.2
-4.5%
4.4%
07-Feb
103.8
19-Jan
-2.1%
88.9
-3.7%
-6.4%
94.5
21-Jan
0.3 ct
115.8
-2.4%
17-Jan
129.4
0.1%
115.6
2.3%
110.5
119.2
11-Jan
1.3%
103.2
-2.5%
107.0
-2.9%
The definitions of our groupings are:
Fine: goods better than I colour and VS2 and above.
Commercial: K SI3 and above, excluding the Fine category, and
Mixed: the rest down to M I3.
The weightings used in the calculation of these indices are chosen to reflect world production. Please contact us if you would like to see details of the weightings used, or would like to see the information grouped differently.