BusinessReport

Diamond Supply Forecast Is Mixed Jewelers will probably see few shortages in diamonds under 1.5 cts. this holiday season, but high-quality diamonds in larger sizes may be harder to obtain. That’s the likely scenario, given the record low allocations to sightholders by De Beers’ Central Selling Organisation (CSO). CSO sales totaled $1.7 billion for the first half of the year, the lowest figure in more than a decade and a 41% drop from the previous year’s first-half sales. Dealer inventories of diamonds under 1.5 cts. are expected to ensure sufficient supply of smaller stones for the holiday season. Some manufacturers in the United States and elsewhere are starting to worry that the Draconian cuts in rough supplies are making it difficult to keep their factories open, but there have been few outward calls for the CSO to open its vaults once again. “There’s still a great
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out