ABN AMRO Diamond Market Report: Fragile Improvement

30/06/2016 20:41

Following the January report “Diamond Sector Outlook: Nothing is forever, ABN AMRO released a new report on the global diamond industry’s outlook for supply and demand and rough and polished prices. ABN AMRO analysts believe trade figures of the main trading and manufacturing centres point to a “fragile improvement”, with "import and export figures in Antwerp bottoming out, the UAE appears to be stabilizing while Israel remains very weak.”

At the same time the report states that a potential increase in household net worth and a stabilization of the declining marriage rate in the main polished markets could fuel jewelry demand, especially in the world’s largest markets, the US, China and India. The ABN AMRO report further states that over the course of the next six months polished prices are expected to remain stable at best.

Lastly, lower production by the miners as well as higher demand for rough has supported rough diamond prices in the first half of the year, but the report cautions that rough diamond prices will struggle and lower prices are likely in the current environment.

Download the report here.

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