(ehudlaniado.com) - Prices of smaller goods, below one carat, continued to rise in December after increasing in November, responding to rising demand in the consumer market. Larger goods, however, which suffered from price declines in November, experienced a long-awaited revival, rising 1-1.5% in December, according to the Mercury Diamond Global Tracker™ (MDGT™). The MDGT™ index averaged 109.45 in December 2018. Polished diamond price increases are a typical cyclical trend in November and December, as holiday season purchases drive demand. This year, as in the 2017 holiday season, consumers made their diamond jewelry purchases very late in the season. November was marked by limited demand, with a pick-up taking place only in the last two weeks of December. This past year, just like the holiday season, suffered from sputtering demand, extreme price sensitivity, and very focused demand for a relatively limited range of goods.
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