(diamonds.net) - Just like love, the diamond industry has giddy highs and despondent lows. After an initial pandemic-related decline in 2020, the overall business is seeing “a spectacular rebound,” according to Bain & Company’s Global Diamond Report, which came out in February. Throughout 2021, the study notes, revenue increased 62% in the mining segment, 55% in cutting and polishing, and 29% in diamond-jewelry retail. By the end of last year, prices for both rough and polished were almost back to pre-pandemic levels and historic averages, though analysts noted that the numbers were “still below their historic maximums,” says the report. Meanwhile, the personal-luxury market rose 35%.
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