Bain & AWDC Unveil Diamond Report

The Antwerp World Diamond Centre (AWDC) and Bain & Company have released their ninth annual report on the global diamond industry: Strong Origins: Current Perspectives on the Diamond Industry. As with previous editions, The Global Diamond Industry 2019 report provides expert in-depth analysis of all facets of the diamond pipeline.

 

It analysis from rough production through manufacturing to diamond jewelry retail across all of the world markets – while delving into recent developments, the machinations driving them and future expectations for the industry and individual components therein.

 

The leading conclusion of the Global Diamond Industry 2019 report is that the industry as a whole is still mired in a recession that has its roots in the 2015 downturn and was exacerbated by overproduction of rough diamonds in 2017.

 

Short-term challenges caused mining and midstream revenues to fall as much as 25% in 2019 as near record-high rough diamond production in the beginning of 2019 was not matched by increasing demand for polished diamonds, leading to higher inventory levels that generated a ripple effect through the supply chain.

 

Bain & Co. expects 2020 to be a better year for the industry as the midstream gradually clears its current inventory backlog, but they do not forecast a full recovery until 2021. ( Note: sooner wider part of the report would be carried here.)