In the past 30 years, the price of high-quality diamonds has fallen by 80% after adjusting for inflation. In recent years, diamond sales have stagnated. In 20 15, the sales volume of diamonds decreased by 25%, which led to the price decrease 15%. Jewelers say that the next few years may be crucial for this industry, because the Millennium will reach the peak of its consumption potential.

A recent report by Morgan Stanley pointed out that the actual diamond sales in the United States are estimated to be about $654.38+0.5 billion, and may increase to $654.38+0.5 billion by 2020. Experts believe that some categories of De Beers are in short supply; Some industry analysts said that De Beers' move was aimed at reducing the supply of rough diamonds in some categories, leading to market shortage and raising the prices of finished diamonds in corresponding categories.

Extended data:

Analysis of Diamond Price Trend in 2020

Supply side: the mine stopped production and the supply chain was interrupted.

Long-term effects:

Rio Tinto has announced that it will close its diamond mine in argyle, which directly leads to a 90% reduction in global pink diamond production.

In March, 2020, Anmin Diamond Mining Company stopped mining in Canada's Ekati mine.

Short-term impact:

After the outbreak of the COVID-19 epidemic, diamond enterprises in the United States and other places have stopped working for several weeks, and almost all large excavators and polishers are worried about funds;

In April 2020, according to the production situation, De Beers, a subsidiary of Anglo American Plc, lowered its production forecast in 2020 by 65,438+0/5.

Petra Diamonds, Gem Diamonds, Firestone Diamonds and Lucapa Diamonds all suspended their diamond operations in South Africa and Lesotho due to the measures taken by the South African government to curb the spread of COVID-19.