Is the industry stockpiling Diamonds to drive-up prices?

May 08, 2023

Lucapa diamonds

Diamond Facts, addressing myths and misconceptions about the diamond industry, report said about stockpiling and diamond price relation. The report say, inventories of natural diamond producers fluctuate across periods of time, especially when they are broken down by size or quality of stones.

This is because, unlike other industries, natural diamond producers cannot operate a just-in-time production model to match supply with demand. Inventories are also impacted by seasonal demand patterns and by external events such as the global coronavirus pandemic.

Comparisons of production and sales data for NDC member companies shows that over a business cycle, there is no evidence of deliberate stockpiling to systematically drive-up prices. This is because total production and total sales are in line with one another.

Bain & Company compiled data from company reports and the Kimberley Certification process to estimate that upstream inventories (i.e. those at diamond mine sites and sorting offices) across the world fell by 40% in 2021, leaving them close to minimal ‘technical levels’120.

Tags

Breaking news in jewellery | Hot trends in gemstones | Celebrity jewellery choices | Recent gemstone auctions | High-profile jewellery thefts | Innovations in jewellery design | Controversies in gem trade | Upcoming gems and jewellery events | Regulatory changes in jewellery trade | Spotlight on new jewellery designers

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
94,010
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

⏰ 5 DAYS LEFT to save ₹2,000 on your GJS 2026 visitor badge!

Register by 30th September before the price increases to ₹3,500 per badge from 1st October.

📅 2–4 October 2026 📍 JWCC, Mumbai

Register now: https://visitor.gjsindia.org/Visitor/Registration

📞 Missed call: 84339 17919

Discover JGTD 2026 in Dubai! 💎

Connect with global jewellery manufacturers, suppliers and buyers. Explore finished jewellery, gemstones, machinery and the latest industry technologies.

📅 27–29 October 2026 📍 Dubai Exhibition Centre (DEC)

Join the Mindspeak Seminars at GJS 2026 for valuable insights and conversations shaping today’s jewellery business.

📍 JWCC, BKC | Room 104, 1st Floor
📅 2–4 October 2026
Make Mindspeak part of your GJS journey.

✨ ONLY 6 DAYS TO GO! ✨

DJGF 2026 is almost here! 💎
750+ Exhibitors | 2,00,000+ Designs | 5 Halls
📅 26–28 Sept 2026
📍 Bharat Mandapam, New Delhi
Discover collections, connect with industry leaders & unlock new opportunities.
🔗 Register Now: https://djgfregistration.jewelleryfair.in/exhibitor_reference_registration/?ref=marketing

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of