Diamond Market – May/June 2021
So, when you hear jewelry sales are up 106% (Diamonds.net) from last March you have to understand that’s good but not as spectacular as you would think at a glance.
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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.
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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 MarketDiamond Market News: Are We in the Light of the Storm?
The slow recovery of diamonds has been sustained by bridal.
Diamond MarketDiamond Market News: The Darkness Before The Light
The diamond industry has been through unprecedented change over the last six months due to the Covid-19 pandemic.
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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…
Diamond MarketThe 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.
Diamond MarketCautiously Optimistic… 2020, Tucson Helps With The General Upbeat Mood
De Beers Group announces collaboration and with RDI Diamonds, New York; will be exclusive grader of Rare and Forever™ diamonds.
Diamond MarketWhat 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.
Diamond MarketMixed 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.
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