RAPAPORT… The coronavirus pandemic had a significant impact on the diamond supply chain in the first half of 2020, with businesses unable to operate and demand slumping. As retail sales dropped, jewelers had enough inventory to satisfy demand. This caused a dramatic reduction in polished and rough trading, which left mining companies with large inventories of diamonds they couldn’t sell.
In Rapaport’s quarterly Diamond Trends Webinar, Senior Analyst Avi Krawitz assesses the state of each sector within the diamond pipeline, while presenting some short- and long-term opportunities that may emerge from the downturn.
Watch the full presentation here:
Can the Diamond Industry Deal with Covid-19?
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