Analyst Paul Zimnisky analyses fundamental supply/demand developments in 2015 and surmises that the diamond industry will see a balancing out of goods to market and demand by the middle of next year, as inventories drop while manufacturers have cut back on production. He notes that while a moderate net decrease in Chinese demand for diamond jewelry is expected this year, "it is important to remember that demand is still relatively stable ...
In an interview with Mining Weekly Online addressing the current state of affairs and future outlook throughout the diamond industry, analyst and consultant Paul Zimnisky says he believes Canada was the best-positioned country in the industry given the quality of the current projects. “Looking at the NWT’s Ekati and Diavik mines, for instance, they are still quite profitable projects, even in a weaker price environment.
Diamond industry analyst Paul Zimnisky has published a thorough "State of the Diamond Mining Industry" report as we near the end of 2015 - essential reading, in our opinion. "So far in 2015", writes Zimnisky, "the state of the global has been closely aligned with the posture of the global economy, as it so often is, and should be. The developed nations of the world are growing, but at uninspiring rates... Emerging market growth has slowed... The result in the diamond industry has been an overhang of low-to-medium-quality polished diamonds in the market for about a year now. U.S.
The International Monetary Fund (IMF) might restart its program of financial assistance to support Zimbabwe’s economic reform efforts as early as 2016 if foreign creditors accept the government's plans to clear debts to international financial institutions. IMF resident representative Christian Beddies said financial aid could resume once Zimbabwe fulfilled certain required processes “Basically, the Zimbabwe authorities are trying to garner support for their strategy to clear arrears to the IMF and other international financial institutions.
According to the Zimnisky Global Rough Diamond Price Index, rough prices have hit a four-year low, dropping 3.39% last week. The quarter-over-quarter change sits at -6.15% and for 2015 as a whole, prices are currently down -13.22%.
The Natural Color Diamond Association (NCDIA) and the Jewelers Vigilance Committee (JVC) held a seminar in New York City to answer queries about how to buy green diamonds from Zimbabwe without being in contravention of American law.
While most discussions on synthetic diamonds are about identification and disclosure, Paul Zimnisky, industry analyst, believes the main question should be what the future of the synthetic diamond industry looks like in terms of market share. He concludes that currently, due to the cost prohibive nature of the technology, gem quality synthetics represent only 1-2% of the global diamond market, mainly driven by environmentally and ethically conscious consumers and millenials that are attracted by the 'futurology' appeal of the product.
Through Q1 2015 diamond industry more stable but pressures remain.
Paul Zimnisky - Diamond Industry Analyst on the state of the diamond industry