Why is there a diamond glut?

Ellie Pacocha asked a question: Why is there a diamond glut?
Asked By: Ellie Pacocha
Date created: Fri, Mar 5, 2021 10:05 AM

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Those who are looking for an answer to the question «Why is there a diamond glut?» often ask the following questions:

👉 Are there differences between genuine diamond and diamond?

there's a clear difference, genuine diamond is genuine n diamond is not

👉 Is there a diamond detector?

GER DETECT Titan 500 Professional Diamond Metal Detector - Discover Gemstones and Diamonds - Long Range Underground Depth Scanner.

👉 Is there a pink diamond?

Yes. There are three sources of Pink Diamonds. The most valuable is an all natural Fancy Pink Diamond that is mined, with Fancy Pink Argyle diamonds being especially rare due to their Vivid Pink color. It will continue to increase in value as the mine is closing within a decade. A typical Fancy Pink Argyle can sell for $49k at only .24 ct. The larger they are, the more rare, and have double value per ct. The second most valuable Pink Diamond is mined, but has been color enhanced by an expensive, high pressure high temperature process (HPHT). The stones are worth about $15k per ct if you get high clarity, high grade color (Fancy Vivid Pink). Color enhanced is NOT a clarity treated diamond. Pink diamonds that are coated and treated are crap because the color is not permanent. The third source is a man made, lab produced Pink Diamond. They are great stones if you are looking for something more affordable. The Pink diamonds ARE colored diamonds, just not naturally mined. If you choose this option, you can get a really beautiful stone. Look for Deep Pinks and a high grade clarity (VS1) to maximize the value. These stones can easily go for a couple thousand per carat.

10 other answers

The World Has a Diamond Glut. Why Is That a Problem? ... At every stage of the supply chain there are too many of these precious gemstones, whose marketing has long depended on their rarity.

More significant, a growing glut of rough diamonds, coupled with foreign exchange volatility, trade wars and rocky stock markets, has upended the industry. Prices for rough diamonds have declined about 6 percent this year, while polished stones are about 1 percent lower, according to data from Polished Prices: Polished Prices.

More significant, a growing glut of rough diamonds, coupled with foreign exchange volatility, trade wars and rocky stock markets, has upended the industry. Prices for rough diamonds have declined about 6 percent this year, while polished stones are about 1 percent lower, according to data from Polishedprices.com.

LONDON — Is it ever possible to have too many diamonds? For many in the business of producing and trading these gems in recent years, the answer is yes. The top diamond miners in the world, including the two largest, Alrosa and De Beers, have an inventory problem.

More significant, a growing glut of rough diamonds, coupled with foreign exchange volatility, trade wars and rocky stock markets, has upended the industry. Prices for rough diamonds have declined about 6 per cent this year, while polished stones are about 1 per cent lower, according to data from Polishedprices.com.

More significant, a growing glut of rough diamonds, coupled with foreign exchange volatility, trade wars and rocky stock markets, has upended the industry.

Each time, selling down the stockpiles has caused buildups of polished diamonds, putting huge pressure on the cutters, traders and manufacturers that buy from them. Read more: The Problem With ...

So do many of the cutters and polishers who buy the rough stones and sell them to retailers. At every stage of the supply chain there are too many of these precious gemstones, whose marketing has long depended on their rarity. A glut in many other industries would ordinarily lead to deep price cuts.

Each time, selling down the stockpiles has caused buildups of polished diamonds, putting huge pressure on the cutters, traders and manufacturers that buy from them. It may be even harder this time ...

The Argyle mine, in a remote region of Western Australia, was responsible last year for 10 million to 15 million carats of the entire global diamond output (140 million to 145 million carats).Argyle is also the source of some of the rarest, most expensive gems in the world: pink, purple and red diamonds. Last month, at a showcase of 64 of the most valuable gems recently extracted from the mine ...

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