Rapaport Press Release: Reduced Diamond Supply Lifts Polished Prices
De Beers and Alrosas decision to let clients refuse contracted supply has eased midstream liquidity concerns and helped prevent a buildup of polished inventory.
- De Beers and Alrosas decision to let clients refuse contracted supply has eased midstream liquidity concerns and helped prevent a buildup of polished inventory.
- Polished prices have firmed for select goods, and cutters are able to buy rough that aligns with demand.
- Polished inventory levels have fallen, but mining companies continue holding large volumes of rough they have been unable to sell.
- While market conditions remain difficult, the diamond industry has an opportunity to implement technological innovations that will help inventory flow more efficiently through the supply chain.