Mercury Polished Diamond Prices: Polished Prices Keep Sliding in June

(ehudlaniado.com) - Polished diamond prices declined by another 0.6% in June 2017 compared to the prior year, according to the Mercury Diamond Global Tracker™ (MDGT™), an index of polished diamond transaction prices. This is the 31st consecutive month that the index is declining year-over-year. During the 31 month period, the index declined 11.6%, underscoring the continued softness of the polished diamond market. On a month-over-month basis, prices declined 0.5% during the month of June compared to May. MDGT™ is based on the transaction prices of diamonds weighing 1-30 carats, collected and used for the Mercury Diamond™ Price List. It provides wholesale polished diamond prices based on transaction prices in the wholesale market, and is aimed at serving the wholesale market first and foremost.