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Surat’s Diamond Industry Faces Crisis: Layoffs and Closures Mount

Surat’s Diamond Industry Faces Crisis: Layoffs and Closures Mount

by Andrew Wilson | Dec 21, 2024 | Market Insights

Surat’s diamond industry is confronting an unparalleled crisis, driven by geopolitical tensions and market shifts. The G7’s ban on Russian diamonds and the rise of lab-grown alternatives have caused supplies to dwindle and demand patterns to shift. Nearly...
Dubai’s Diamond Trade Sparkles With 12% Growth in First Half of 2024

Dubai’s Diamond Trade Sparkles With 12% Growth in First Half of 2024

by Andrew Wilson | Dec 20, 2024 | Market Insights

Dubai’s diamond trade saw a brilliant 12% growth in the initial half of 2024, as the emirate reinforced its dominance in the global diamond market. This upsurge is part of a continuing trend, bolstered by Extensive Economic Partnership Agreements that allow...
Diamond Jewelry Cleaning: Step-by-step Guide & Tips

Diamond Jewelry Cleaning: Step-by-step Guide & Tips

by Andrew Wilson | Dec 20, 2024 | Diamond Care Guide

Did you know that nearly 80% of people don't clean their diamond jewelry as often as they should? It's a surprising statistic, considering how much we cherish these sparkling treasures.If you're in that majority, don't worry;...
De Beers CEO Forecasts Natural Diamond Market Recovery in Late 2024

De Beers CEO Forecasts Natural Diamond Market Recovery in Late 2024

by Andrew Wilson | Dec 19, 2024 | Market Insights

De Beers’ CEO forecasts that the natural diamond market will experience a gradual recovery starting in late 2024, driven by stabilizing prices and rebounding economic trends, especially in China. The market has faced challenges with declining production and...
India’s Diamond Exports Hit Decade-Low, Set to Fall 18-19% in FY2025

India’s Diamond Exports Hit Decade-Low, Set to Fall 18-19% in FY2025

by Andrew Wilson | Dec 18, 2024 | Market Insights

India's diamond exports are projected to decrease by 18-19% in FY2025, reaching a decade-low of $12.5-13 billion. This decline is attributed to several factors, including shifting consumer preferences and economic pressures. Remarkably, there has been a 28%...
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