The decline in the industry and the influence of cultured diamonds are pressuring the natural diamond market.
In 2025, the global natural diamond market faced difficulties, driven by weaker demand, the growing popularity of laboratory-grown diamonds, and geopolitical challenges. De Beers, the leading diamond producer worldwide, experienced a notable decline in revenue, with about $20 billion in unsold inventory, and had to lay off over 1,000 employees across its key business areas due to the slowdown. Its parent company, Anglo American, began selling De Beers and later announced plans to merge with Canada’s Teck Resources.
Other industry participants are also confronting challenges. Russia’s Alrosa experienced a nearly 80%...
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