U.S. Diamond Prices Jump Up Amid Acute Demand and Lack of Supply
Oct 8, 2021
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U.S. diamond prices continue to rise due to the demand remains solid while product supply is limited. Jewelry sales in the U.S. keep robust, but global diamond mining and cutting remain low compared to pre-pandemic levels, primarily due to the problematic epidemiological situation in India. The return of work at Indian processing plants should help increase supply in the global diamond market and limit the rise in product prices. The recovery in American tourism activity could lead to a decline in demand for jewelry and constrain the price growth.