Category: Diamond Market

Diamond Market

The fall turned out surprisingly well for most in the diamond market. It was definitely a come from behind victory. It had been a very tough year due to the evolving nature of the COVID-19 virus. Restrictions imposed early apparently caused a pent-up need to spend on luxury items. The travel industry was the big loser and their loss was our gain.

Diamond Market

Positive holiday sales drive the diamond market amid pandemic resurgence. What is old is new in a newly manufactured old European cut diamond. Dominion Diamond Mines (DDM) of Canada finally sells its Ekati Diamond Mine. Blue diamonds discovered at the legendary Cullinan Diamond Mine.

Diamond Market News

The diamond market around the world, and especially in North America, has entered unknown waters as far as accurately predicting what’s coming down the pipeline. Diamond “experts” continually weigh in with their predications of what…

The Virus Impact and the Future

The diamond industry like so many came to halt. Rough prices are sliding among little mining and low demand. However, polished prices have not been as impacted for the time being. Canada mining in some financial trouble with Dominion Diamonds entering into solvency protection. However, they anticipate resuming mining operations when global markets reopen.

What the Heck is all the Fuss About?

Lab-grown diamonds have not been around in commercial quantities long enough to establish secondary values. The polished market has exhibited some positive trends and slight upticks in price. DeBeers cuts rough prices for first time this year.

Mixed Messages from the Market

The market was set for a disappointing year but some sales are holding up and prices are steady after many months of decline. Rough continues to struggle. De Beers is allowing sightholders to defer some boxes, an unusual practice. Responsible sourcing and origin identification is clearly adding value to diamonds.