Since reaching a low point in 2020, the price of natural diamonds has been steadily climbing throughout the months of January and February. As we moved into the month of March, prices rose significantly, which may have been a reaction to sanctions imposed against Russia that specifically name diamonds (Russia is responsible for producing one-third of the world's diamonds). Let's take a more in-depth look at the top five most popular diamond shapes as well as the current state of the market for natural diamond prices for the month of March 2022:
Even though their popularity has decreased by 4.42 percent over the past month, round diamonds are still the most popular shape of diamonds on the market. This shape accounts for 70.92 percent of the market's total popularity. Oval has maintained its position as the second most popular shape, accounting for 6.66 percent of usage, and has seen a slight increase in popularity (0.3 percent) over the course of the past month. The popularity of Cushion has remained stable at 3.41 percent over the past month, making it the third most popular product overall. This represents a 0.76 percent increase in popularity over the previous month. The emerald cut maintains its position as the fourth most popular diamond shape, while the radiant cut entered the list of the top five most popular diamond shapes in February.
The summary as well as the specifics of the changes that have occurred over the past three months are provided in the table below.
In the month of February 2022, the average price per carat for a round diamond weighing 1–1.19 carats that is G color and VS1 clarity was $8,632. However, in the month of March 2022, the price per carat has increased to $10,158. This month has seen an increase in the average price that is paid per carat for round diamonds.
Diamond Registry's diamond price charts categorize stones according to their carat weight, color, and clarity, and display the highest and lowest prices per carat that are currently available.
Calculate Diamond Prices - Check the Market Value (diamondregistry.com)
When shopping for loose diamonds, customers should keep in mind that the cut quality and vendor services such as upgrades and returns can make a significant difference in the price point. Our company recommends that customers follow this piece of advice. Since 2007, Diamond Registry has compiled the retail prices of more than 500,000 different diamonds into its database. The full diamond price charts for rounds and other fancy shapes are displayed on the page of the Diamond Registry website dedicated to diamond price charts. On a monthly basis, we will revise the prices of the diamonds. Keep an eye on the diamond prices for the month of April.
