Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He...

17 february 2025

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

ALROSA sees signs of price recovery in the diamond industry

16 november 2023

In its press release, the Russian diamond mining company ALROSA noted signs of market stabilization and price recovery of rough and polished diamonds.

According to ALROSA analysts, the world diamond market situation is positively influenced by improved forecasts for the global economy, the upcoming Christmas sales period and the recovery of the wedding jewelry market in the United States, as well as the efforts made by the largest diamond mining companies in recent months to stabilize diamond inventories in midstream.

Main factors for further improvement in market and price conditions are the remaining shortage of supply of natural diamonds in the medium and long term, as well as the consistent increase in market capacity for luxury goods, including diamond jewelry, in Asia and Latin America.

Leonid Khazanov, an industry expert and Doctor of Economics, noted that diamond prices may start rising as early as this year, and next year the balance of supply and demand on the diamond market may reach a state of equilibrium.

“The market will experience some volatility, but I admit that towards the end of the year, diamond prices will rise because Christmas and New Year will come,” the expert said. In his opinion, next year the market fundamentals will come into balance.

According to Sergei Takhiev, head of corporate finance at ALROSA, by October there was a stabilization in diamond prices, and there were the first positive signs for certain types of stones.

“We are now seeing more and more signs that the phase of inventory reduction in the cutting industry and retail segment is coming to an end,” he noted.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished