Diamond rough prices are expected to stabilize in the second half of this year

Well-known analysts predict that as the market enters consolidation, the prices of rough international diamonds in the second half of this year are expected to fall by about 5% to 10%.

It is expected that jewelry sales in the United States, Europe and Japan will remain weak, coupled with signs of a slowdown in Chinese demand or a decrease in the prices of rough diamonds.


Analytical cognition points out that although rough diamond supply remains tight, major producers continue to sell more inventory while Russia’s national precious metal bank Gokhran also proposes to sell to speculative markets. In addition, Zimbabwe’s limited Kimberley Process certification has also caused panic and it is believed that the supply of diamonds in the low-end market will be flooded and destroyed.

In addition, high gold prices will continue to stimulate gold consumption in mainland China.