News
Diamond and Gemstone News 1st Quarter 2022
Bain &
In its 11th industry report on the diamond industry, the international consulting firm Bain & Company sees a strong recovery in 2021 compared to the Covid year 2020. Rising demand is also expected for the first half of 2022. In 2021, global demand for diamonds rose by 29%, while mine production increased by 4.5% compared to 2020. Price increases of 9% year-on-year in 2020-21 in the high-quality cut diamond sector were the logical consequence.
Bain diamond expert Olya Linde expects demand for diamonds to continue to rise robustly in 2022. She does not expect production volumes to keep pace and believes that reaching production volumes from the pre-Corona year of 2019 is not very likely within the next five to ten years.
De Beers: Price increases for rough diamonds
Industry service Rapaport reports that De Beers achieved significantly higher prices for rough diamonds in January 2022 than in previous months. Depending on the diamond size, prices were 5% to 15% higher than in December. These increases reflect the high demand for diamonds before Christmas 2021, which led to record sales, particularly in the US and China. Overall, prices have risen by 21% in just over a year, according to Mark Cutifani, CEO of De Beers parent company Anglo American.
Alrosa delivers 15%-30% less than demand
Similar news comes from the Russian mining company Alrosa. There, too, prices have risen by between 5% and 7% for higher-quality rough diamonds and between 12% and 18% for lower-priced rough diamonds. Due to production restrictions and low inventory levels, Alrosa was unable to fulfill between 15% and 30% of orders, depending on the quality.
50% price increase at auction in Antwerp
The sharpest price increases in the rough diamond sector were seen at Grib Diamonds in Antwerp. At the auction on January 24, 2022, prices were achieved that were on average over 50% higher than for comparable pieces in September 2021. The auction was quite large: Of the 300 buyers present, 174 took part in the auction and purchased a total of 560,000 carats.
How to buy diamonds from RENÉSIM?
From individual diamonds to investment packages with a six- and seven-figure euro value: for 12 years we have been using our purchasing conditions as a jeweler to make the best and most affordable diamonds in the world available to our customers. You can research and compare in our database as you please and place an order at any time. Alternatively, you can also request diamonds without obligation and receive additional information this way.
We advise you on all channels: via live chat, on the phone, by email, in person at our Munich and Vienna locations - and if requested and required, we are also happy to visit you at home. All payment methods (bank transfer, PayPal, credit card or cash/over-the-counter transaction) are available. Our 15-strong team is happy to help you.
New: The colored gemstone database from RENÉSIM
Since January 2022, we have also had an extensive range of first-class colored gemstones on our website: For example, you can currently choose from over 1,000 sapphires, 1,700 rubies, 1,500 emeralds and hundreds of alexandrites. All colored gemstones are certified. In the interests of transparency, extensive additional information and - particularly useful for colored gemstones - video presentations are of course available. Our gemologists will be happy to advise you and, if required, will personally search for that very special item for you on the global colored gemstone market.
Disclaimer: We are jewelers with a passion for diamonds and colored gemstones. We passionately use our global purchasing network and our digitalized search and evaluation processes to be able to offer our customers loose gemstones at the best prices. However, we are not investment advisors. We do not offer statements on future price developments or even investment advice. Please always rely on your own research and your own judgment.Sources: Bain & Company, The Global Diamond Industry 2021–22; Rapaport News
