Going into 2024, it is likely that miners will release into the market at least some excess stock they hold on any sign of a demand recovery.

Prioritization of sustainability, diamond origin tracking and continued demand from China are some of the issues shaping the industry

Much of the diamond supply chain has been virtually suspended due to the pandemic.

An estimated 75% of jewelry stores in Mainland China, and the surrounding regions encompassing Greater China, were shut for an estimated 40-50 days through the first week of March.

Despite the growth in the availability, it is estimated that still only 1 in 5 diamond retailers in the U.S. carry man-made diamonds.

Signet Jewelers was at one time the largest jewelry company in the world.

The industry is still undecided in how to present diamonds to consumers following the wider-scale emergence of man-made stones in recent years.

Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.

De Beers quietly entered the recycled diamond business in 2016.

The ultra-successful “A Diamond is Forever” marketing campaign has been discontinued for over a decade now and so have many of the positive attributes of diamond ownership in consumers’ minds.

News flow out of the diamond industry in 2018 has been dominated by the progression of lab-created diamond production, distribution and pricing dynamics.

Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.