(diamonds.net) - The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade. This long-term challenge is reaching crisis levels, as manufacturers lack liquidity and are reducing prices to raise cash. Banks are applying pressure on them to repay their loans and are hesitant to extend additional credit. The mood was not great among diamond suppliers in June following the JCK Las Vegas and Hong Kong shows. Neither event inspired confidence, instead highlighting the tough environment in which the trade is operating.
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Silver market deficit to widen in 2026 - report
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Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
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Petra Diamonds subsidiary ordered to wind up over unpaid tax
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Yesterday
