(diamonds.net) - When demand slides, India’s diamond industry faces its fair share of challenges. As the largest manufacturing center, accounting for an estimated 90% of global polished goods, it is the market maker: How it buys rough and sells polished sets the tone for the rest of the trade. With both rough supply and polished demand declining in recent months, diamond cutters are navigating a complex market dynamic. Geopolitical uncertainty, a slowdown in China due to its strict Covid-19 policies, and the seasonal summer lull in the US and Europe have led to a softening in appetites for diamonds. Meanwhile, when Russian production dropped out of the market around March, volume fell. These forces have balanced each other out to some extent. If polished demand were as robust as a year ago, there would be more severe shortages, which would support polished prices, many have observed. Instead, prices have weakened, and there are still large quantities of polished inventory available.
News
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
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Yesterday
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Yesterday
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Yesterday
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Yesterday
