Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

FCRF: Fancy color prices will rise as supply wanes

22 february 2019

One of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last diamond will be unearthed in 60 years, says a new research published by the Fancy Color Research Foundation (FCRF).

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      Image credit: FRCF 


According to FCRF, diamond prices will rise as supply wanes. Fancy Color diamonds, considered to be the rarest of the rare, will increase in value at an even greater pace. The report states that no new ‘mega-mine’ is expected to be found in the foreseeable future. On the other hand, the world’s wealthy population is expected to continue to grow at a rapid pace and demand for diamonds is expected to rise.
The result, according to the FCRF, is that the diamond industry will change beyond recognition. Manufacturing and related technology will slowly disappear. The “second-hand” diamond market will flourish. According to FCRF, the report should be an eye opener for diamond buyers and investors: “There is no reason why diamond buyers or anyone with long-term vision can’t start realizing an extra premium from this scarcity right now,” the report states.

Aruna Gaitonde, Editor-in-Chief of the Asian Bureau, Rough & Polished