According to the IDEX Price report, published by IDEX Online, May 2023 was characterized by large-scale price drops among Round diamonds, while “Fancies fared better, as has been the case in recent months.”
IDEX Online has explained that “markets remain depressed as the prospect of possible G7 sanctions on Russian diamonds looms, combined with a lull before the Vegas storm and disappointment that China’s post-lockdown bounce-back hasn’t happened.”
Among Rounds, there were price drops in all goods from 0.50-carat upwards. Some “small clusters” of increases occurred in 0.70-carats to 0.79-carats and in 2.00-carats to 5.00-carats, “but these were far outweighed by the decreases.” Among Fancies, which fared better than Rounds, there was “a far more even split of price rises and falls.”
