Diamond prices continued to drift downwards in March, Polishedprices.com reports. The overall PolishedPrices index finished the month at 153.5, 1.8% below the level at the end of February. The average for March stood at 153.1 points, 2.0% below February average but and 10.7% above the average for March 2011.
The index is currently behaving in line with our forecast made at the start of the year. During this time last year, we forecast that prices would have fallen sufficiently to be in line with the economic fundamentals underpinning the industry and prices would again be able to start on an upward trajectory.
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Lyudmila Vysotskaya: Amber is a mystical stone, a living substance
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