Diamond Business

A constant examination of the global diamond business from mining to retail. Using industry data and analytics, it is explained in context with clarity.

What is the Diamond Industry?

The diamond industry is a fascinating sector, with a rich and, at times, controversial history. To satisfy global consumer demand for diamond jewelry, the diamond industry invests in exploration and has developed new ways to extract diamonds from the ground.

It employs sophisticated ways to assess rough diamonds without the need to first cut them open, and has developed state-of-the-art technologies to plan diamond polishing. In addition, the industry has sophisticated ways to grade diamonds, and a complex way for determining a diamond’s value.

The diamond industry also includes design and jewelry manufacturing. Some are ultra-modern, and others very traditional. In all cases, they address consumer demand and tastes.

Are Diamonds Expensive?

Diamonds come in all sizes and clarities, and in many colors. The rarer a diamond, the higher is its value. Some are very pricy, and some are less so. There is a diamond for every budget.

Along the value chain, miners, polishers, jewelry makers and retailers do not have a wider margin than their counterparts in other sectors.

Surprised? Read the following insight posts and reports to learn more about the economics of the diamond industry.

What Are the Components of the Diamond Industry?

The diamond industry includes:

  • Exploration
  • Mining
  • Rough diamond sales
  • Diamond polishing
  • Polished diamond wholesaling
  • Jewelry making
  • Retailing
  • Consumer demand

The following posts provide insights into how exactly the diamond industry works, the ways miners sell rough diamonds, how diamond polishers tackle changing demand in a lengthy polishing process, and the financial issues that all parts of the diamond industry face.

For a deeper look into this topic, please see below:

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Ruin to Resurrection, the Perpetual Path

Ruin to Resurrection, the Perpetual Path - the diamond industry in the age of COVID-19 and after

The growing stream of bad news is threatening to engulf us like a depressing cloud of darkness, fueling a bleak outlook of ruin in the diamond industry. Yet, diamond jewelry demand has always re-surged as consumers sought solace and celebration. The following is a data-backed pep talk of resurrection.

Polished Diamond Prices Rise in January

Polished Diamond Prices Rise in January 2020 - featured image

Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. Wholesale prices of 1-carat round diamonds rose 3.7% MoM in January. US jewelry sales popped up 4.4% YoY in December, capping a slow year with sales rising just 0.7%.

The Golan Diamond Market Report – Q4 2019

The Golan Diamond Market Report Q4 2019

The Q4 2019 issue of the Golan Diamond Market Report reviews transaction polished diamond prices, changes in midstream inventory & demand, takes an in-depth dive in to the activity of the main diamond centers, with updates on prices and demand in the growing LGD market. All that, plus an exploration into consumer attitudes towards diamond jewelry and engagement rings, checking who is interested in LGD around the world.

This is How a Confusing Diamond Decade Played Out

This_is_How_a_Confusing_Diamond_Decade_Played_Out-Featured_photo_jeremy-thomas

What’s happened between the time the diamond industry clawed its way out of the Lehman Brothers crises to the current slump? Some surprising findings about the value of freshly mined rough diamonds, global trade, and jewelry retail.

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Diamond Industry Financing Is Shrinking. This Is What It Means

Diamond_Industry_Financing_Is_Shrinking-Nov_2019

Diamond industry financing has considerably declined over the last couple of years, hitting a 15 year low. The industry views this as unfavorable; yet, this can be debated. A recent $3 billion “savings” provided it with a rare opportunity to realign.