Low-quality Diamond Prices Start To Rise: Diamonds Below 75 Points, Low-clarity Diamonds

Rapaport announced on November 11 that the price of some diamonds rose during the De Beers viewing meeting in November. The price increase this time is generally low-quality rough diamonds, including diamonds below 0.75 carats, and some very low-clarity stones ( "piqué", usually with clarity below).

According to "insiders", although the global diamond market is recovering, the previous price increase has never affected those smaller and cheaper rough diamonds. However, American retailers are now looking for such products to meet market demand during Christmas and the peak engagement period.

The industry believes that the price increase of such products is "not surprising" and can be regarded as the long tail effect of the price increase of rough diamonds. After all, "the pulling effect from the market is very obvious."

The recovery of the Chinese and American markets, coupled with the increase in local consumption caused by the epidemic, have greatly promoted the development of the diamond industry. The price of rough diamonds is now higher than before the epidemic, but the supply side has always been difficult due to the closure of the Argyll mine and other reasons. Under the influence of many factors, the midstream (processing plants) began to worry about profit. Some manufacturers even extended the Diwali holiday to about three weeks. The reason was that the price of rough diamonds was too high and the inventory in the factory was not enough.

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