(diamonds.net) - For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for the trade’s inventory and absorbed much of its credit risk. Manufacturers pay up front for rough, process the stone, and then typically sell the polished on credit, offering terms of 30 to 60 days. Since it can be six to nine months before they recoup their initial outlay, they have relied on banks to finance their rough purchases and sustain their operations. However, the 2008 financial crisis marked a drastic change for the banks and a turning point for the trade. Lenders became increasingly reluctant to extend credit to the diamond sector, putting pressure on manufacturers just when they were taking on a higher level of risk.
News
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Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Yesterday
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
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Aterian expands copper footprint at Azrar project in Morocco
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Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
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Yesterday
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
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13 october 2026
