Polished diamond prices are on a year-long rally. Now, concerns are rising that they are reaching an apex that may prove to be a diamond price bubble. This is why.
Insights Into the Diamond Industry - Page 2 of 10
Our latest insights, expert analysis and thinking on the topics that matter most in the diamond industry.
Israeli Bank Financing of the Diamond Industry Slashed
Israeli banks cut financing of the diamond industry by 33%, falling below $500 million for the first time in 30 years. The decline reflected shrinking activity, reduced reliance on financing, and banks’ balking at the complications of working with diamond firms.
6
How Much Are We Really Spending on Diamond Engagement Rings?
Going through the sales data of hundreds of jewelry retailers provides remarkable insights. For example, how much Americans really spend on their diamond engagement rings. Here is the data driven answer.
Dive and Bounce: The Golan Diamond Market Report Q4 2020
A quarterly review of the diamond market, from retail to mining. Despite the deep dive in activity in 2020, the market bounced back to make a full recovery. Lab-grown market share, financing, midstream manufacturing, rough diamond purchases, and detailed retail activity are covered.
10
Not a 2020 Wrap-Up, or a 2021 Prediction
A few observations on the most significant place for the diamond industry: US retail sales 2020. Jewelry sales were up!
4
What it Took to Survive in 2020 – A Worklist
Many businesses did not survive this challenging year. There are a lot of lessons here for everyone in the diamond pipeline and the jewelry industry. Here is a summary of the results of analyzing the activities of those businesses that succeeded in 2020 and those that did not.
12
Five Countries Lead Diamond Supplies to the US
Diamond supply to the US comes from all over the world. As the world’s largest diamond consumer market, the US is the country that imports the most diamonds – more than $400 billion worth of polished diamonds in the last 30 years.
Expect Higher Diamond Prices This Holiday Season
Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.
3
De Beers’ Market Share Falls in 2019, Hides a Surprise
After a year of pains, and in the midst of one of the most complicated years since World War II, De Beers’ market share sank in 2019. Not only De Beers, but ALROSA, Rio Tinto, and Petra all lost market share. The reason is changes in diamond production by smaller firms.
4
Diamond Production Dropped, Now It Is Nosediving
Global diamond production sank 6.9% in 2019, the deepest plunge in a decade. By value, diamond production dropped 6.2%. There were good reasons for this, and the updated diamond production forecast calls for an even more significant slide in 2020.
