Paul Ziminisky

Despite relatively stable consumer demand for diamonds in established markets like the U.S. and notable growth from newer markets like China, for the most of last decade the diamond industry has felt apathetic.

Much of the diamond supply chain has been virtually suspended since boarder closures and travel restrictions globally were implemented in the last two weeks of March in response to the COVID-19 pandemic.

Coming off of 2017, a year in which global diamond supply by volume increased by 13.1% year-over-year, supply is forecast to contract by 2.5% to 149 million carats in 2018.