Connect with us

Headlines

A Diamond Shortage Is Looming, Experts Say

Rough diamond prices will begin to rise.

mm

Published

on

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.

Advertisement

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

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Most Popular