(diamonds.net) - Just like the virus itself, the diamond industry’s recovery from the Covid-19 downturn has come in waves. After a market-wide slump in March 2020, demand for top colors and clarities jumped in the middle of that year as investors capitalized on low prices. The next rebound was in large goods, which were strong for the rest of 2020 and most of 2021. In each case, the rough market reflected the rise in polished trading. All this time, the smaller and cheaper merchandise struggled. That changed, however, in the fourth quarter of 2021, when the more affordable categories enjoyed a resurgence. As of mid-December, polished prices for VS clarities and below were “15% to 20% higher than where they were three months [earlier],” reports Nilesh Sheth, president of New York-based polished dealer Nice Diamonds.
News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
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...
Today
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.
Today
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Today
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Today
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Yesterday
