(diamonds.net) - The diamond industry is being driven by expectations. While this is not a rare occurrence, it is worth noting, given the unusual dynamic currently shaping the market. While there is a lot of polished inventory available today — as the number of stones listed on RapNet attests — manufacturers and dealers anticipate scarcities later in the third quarter once demand starts to ramp up for the holiday season. The projected drop is due to a slump in supply rather than an uptick in present-day demand, because production from Russia has been off the market for the past three months. However, several factors could influence the eventual outcome, as we outline in the June issue of the Rapaport Research Report.
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