Global diamond supply hits alow

SUPPLY DROPS Due to recession, less than 100 million carats of rough stones arrived in market; last time it was so low in 1989

- 

For the first time since 1980's, the supply of rough diamonds from the mining companies is estimated to be about 105 million carats in 2024, marking a new low-watermark for contemporary diamond production. Due to this, the inflation of rough and finished diamonds in the market will decrease and gradually the market will come out of recession.

US-based diamond analyst Paul Zimnisky has stated that the net new goods sent downstream (i.e. goods actually sold into the market by the miners), the "supply" figures this year are ever thinner implying supply to market of less than 100 million carats this year. The last time supply was less than 100 million carats was in 1989 according to Paul Zimnisky data.