Monday, December 5, 2011

POLISHED PRICES-Diamond Index High Volatility continues

(The opinions expressed in this article represent the views of PolishedPrices,
an independent news and price list provider to the diamond industry and should
not be seen as reflecting the Views of Reuters) 
     
The PolishedPrices index rose during the week, as the volatility of recent weeks
continued with the market looking for some direction. 
    
The main PolishedPrices index opened up 1.0 percent from the previous week on
Monday at 158.6 points. The overall index is currently 23.3 percent above its
level of this time last year, and has gained 20.8percent since the start of the
year. 
     
Among the benchmark categories, Commercial 0.5 carats showed the largest gain,
adding 10.1 percent to continue the erratic path of recent weeks. 
 
Fine 0.3 carats were the weakest performers over the past seven days, slipping
4.6 percent.

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