Archive

  • Since March 2022, both the polished diamond import and diamond retail market have taken a toll from a new wave of Covid-19 pandemic in China, as the local administrations nationwide have strengthened preventive and control measures.

  • According to Richard Duffy, CEO of mining company Petra Diamonds, the long-predicted supply squeeze is being reflected over all diamond categories. This would mark a structural change in the diamond market, with increasing prices creating a robust and supportive market.

    Duffy points out the current strong demand pull into an inventory pipeline where inventories are largely depleted. With a very low ability of suppliers to provide inventory, this will result in higher demand than supply and thus increase prices over the entire value chain.

  • In ‘A Brilliant Recovery Shapes Up, the Antwerp World Diamond Centre (AWDC) and leading consultancy agency Bain & Company look at the pandemic’s effects, the industry’s impressive recovery, and the possibilities ahead.