2021 set to be a strong year for higher quality Polished Diamonds for Profit
3rd Feb De Beers reported $650m of rough sales at its first sight of 2021 – the highest figure for three years. A positive sigh the supply chain is beginning to restock in readiness for 2021 sales activity.
11th Feb Alrosa reported total rough and polished sales of $430m for January, up six per cent year-on-year. Demand was firming, especially in China and the USA.
16th Feb Financial Times columnist Merryn Somerset-Webb reported a 10 per cent rise in the Bloomberg Commodity Index for the last quarter of 2020 and commented; “2021 could be the year it really gets going”.
Bain & Company
Bain & Company consultancy reported a 13 per cent price increase in 1 ct higher quality polished diamonds from May through to December 2020. The report also highlights higher quality polished diamonds have outperformed lower quality diamonds in the last two years. Read the full report; The Global Diamond Report 2020-21, Bain & Company.