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A Diamond Shortage Is Looming, Experts Say

Rough diamond prices will begin to rise.

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A diamond shortage is likely to hit the industry in the next few years, Bloomberg reports.

A supply deficit is predicted to hit sometime around 2021, according to new reports from industry analysts Berenberg and Panmure Gordon.

That’s good news for industry participants who have been “squeezed by oversupply,” according to Bloomberg.

A shortage has been predicted for years but has never arrived, thanks to “underwhelming” demand and zealous mining.

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Panmure anticipates a shortage of 15 million carats in 2021. That would amount to 10 percent of global supply.

Predictions call for rough diamond prices to begin rising in 2021 or 2022.

Read more at Bloomberg

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Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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