Diamonds going up

[Bobby]

On the radio today ( ABC ) I heard that diamonds have gone up 60% recently, anyone know more on this ?

Bob.

 

[kevro]

Re: Diamonds going up.

Hope thats true, daimond stocks are a blokes best friend (Go PCP)

 

[Bobby]

Any comments on this ?

Nobody knows about this price rise .

?? Bob.

 

[Dona Ferentes]

Any comments on this ?

Nobody knows about this price rise .

19 years later

The global diamond industry is undergoing a rapid and unprecedented collapse, according to tech entrepreneur and academic Leanne Kemp, though some industry analysts argue that while the downturn is severe, it is not terminal.

Plunging revenues, halted operations and growing doubts about diamonds’ cultural and economic relevance are just some of the symptoms cited by Kemp, who insists the industry isn’t just slumping. She said it’s “disassembling”.

https://www.mining.com/diamond-industry-cracks-under-pressure-as-era-nears-collapse/

 

[qldfrog]

artificial diamond killed it.
Over

 

[divs4ever]

artificial diamond killed it.
Over

not exactly

what really happened is Russia started sending it's diamonds to India for cutting bypassing the cartel of DeBeers

EU sanctions hard at work for them

so if you want real diamonds you pick them up in India at a realistic price ( bypassing US dollars and euros )

 

[qldfrog]

not exactly

what really happened is Russia started sending it's diamonds to India for cutting bypassing the cartel of DeBeers

EU sanctions hard at work for them

so if you want real diamonds you pick them up in India at a realistic price ( bypassing US dollars and euros )

Generational: you will not sell a real diamond to a younger person if it can not be distinguished from a fake one without going under a microscope.
And if absence of flaw is the only way to detect a fake diamond, defaults can be added....maybe already are ...
So no premium can be argued for the real stuff.
Diamond value can now be determined not by limited supply but by manufacturing production costs.
Not a store of wealth anymore.
Just a shiny piece of hard glass
A market can remain for collectors when embedded in a piece of rock...

 

[divs4ever]

Generational: you will not sell a real diamond to a younger person if it can not be distinguished from a fake one without going under a microscope.
And if absence of flaw is the only way to detect a fake diamond, defaults can be added....maybe already are ...
So no premium can be argued for the real stuff.
Diamond value can now be determined not by limited supply but by manufacturing production costs.
Not a store of wealth anymore.
Just a shiny piece of hard glass
A market can remain for collectors when embedded in a piece of rock...

always preferred topaz myself

but without DeBeers controlling the narrative/supply it is just another fancy rock ( if not being used industrially

but i have a few cut sapphires and other gemstones , you never know when i need to make a piece of gold or silver to look fancy .. try doing that with a $100 mote

 

[Craton]

Ah, gemstones and the 4C's. You know, carat, clarity, colour and cut.

Even back in 1980, when I bought my first finance's a one carat diamond engagement ring, I've always thought that the artifically inflated De Beers was fraught with danger.
Since then a lot has changed at De Beers and in the diamond trade and as mentioned, most notably due to the lab diamond.

From Wikipedia on De Beers and reads in part with my bolds highlighting the lab diamond ascension:

21st-century changes​

During the 20th century, De Beers used several methods to leverage its dominant position to influence the international diamond market.[19][44] First, it attempted to convince independent producers to join its single channel monopoly. When that did not work, it flooded the market with diamonds similar to those of producers who refused to join in, depressing their price and undermining return for the resistant. It also purchased and stockpiled diamonds produced by other manufacturers as well as surplus diamonds in order to control prices by limiting supply.[45] Finally, it bought diamonds when prices fell considerably naturally, to constrict supply and drive their value back up, such as during the Great Depression.[46]

In 2000, the De Beers business model changed[45] because of factors such as the decision by producers in Canada and Australia to distribute diamonds outside the De Beers channel,[19][44] as well as increasingly negative publicity surrounding blood diamonds, which forced De Beers to protect its image by limiting sales to its own mined products.[47]

The combination of a more fragmented and thus more competitive diamond market, increased transparency, and greater liquidity,[48] caused De Beers's market share of rough diamonds to fall from as high as 90% in the 1980s to 29.5% in 2019.[49][independent source needed]

Seeing these developing trends, the Oppenheimer family announced in November 2011 its intention to sell its entire 40% stake in De Beers to Anglo American plc, thereby increasing Anglo American's ownership of the company to 85% (with the remaining 15% owned by the Government of the Republic of Botswana).[2]The transaction was worth £3.2 billion (US$5.1 billion) in cash and ended the Oppenheimer dynasty's 80-year ownership of De Beers.[50][51]

In 2020, the De Beers Company released a statement of a values change, promising the world that it is committed to not using slave labor within the company.[52]

In 2025, De Beers reported holding an inventory of unsold mined diamonds valued at approximately US$2 billion. The company attributed this to a decline in demand for natural diamonds, driven in part by the growing popularity of lab-grown diamonds, which have become significantly more affordable. By 2025, lab-grown diamonds were reported to be approximately 90% less expensive than their mined counterparts, compared to a 10% price difference in 2018.[53]

 

[Sean K]

Assume the lab grown diamonds hit the market in 2022.

Looks dire for natural diamonds as an investment.

Maybe they come down to the same price as the lab grown?

 

[divs4ever]

Assume the lab grown diamonds hit the market in 2022.

Looks dire for natural diamonds as an investment.

Maybe they come down to the same price as the lab grown?

View attachment 200827

i though quality lab-grown diamonds hit the market earlier than that ( but i could be wrong there )

in early 2022 Russia intervened in the Donbass , and in reply to the early wave of sanctions calmly sent it's gem quality diamond production to India rather than Antwerp ( to ensure the diamonds/cash weren't seized or freezed )

De Beers via various methods had a stranglehold on gem quality diamonds up to then

De Beers to shut down lab-grown diamond brand Lightbox​

https://www.mining.com/de-beers-to-shut-down-lab-grown-diamond-brand-lightbox/

Western sanctions on Russian diamonds set to disrupt a global industry​

Western sanctions on Russian diamonds set to disrupt a global industry

G7 experts are set to arrive in India on a fact-finding mission this week ahead of the expected announcement of a new embargo on importing Russian diamonds. An EU ban has also been under discussion for…

www.france24.com

India has noticeably increased imports of Russian diamonds​

India has noticeably increased imports of Russian diamonds

Russia’s diamond exports to India surged despite Western sanctions, supporting India’s diamond industry, facing challenges due to sanctions.

eurasiabusinessnews.com

 

[divs4ever]

Critical Impact of Deferred Sanctions on Russian Diamonds: India and EU to Benefit - Regtechtimes

These deferred sanctions has had significant implications, particularly for the Indian diamond industry

regtechtimes.com