New Global Diamond Report 2021-22 released by AWDC and Bains

The 11th annual report on the diamond industry prepared by the AWDC  and Bain & Company was named “A Brilliant Recovery Shapes Up”. The report discussed the effects of the Covid pandemic, how the industry reacted, and insights and future expectations for the different segments.

A few highlights of the report:

• The diamond industry had an excellent recovery in revenue in 2021: 62% in the diamond mining segment, 55% for cutting and polishing, and 29% for diamond jewelry retail

• 2021 saw a high demand for diamonds, especially in the 2nd half of the year.

•  Both rough and polished diamonds saw an increase in price reaching close to pre-pandemic levels at the end of the year.

• Profit margins recovered to pre-pamdemic levels across the value chain 

• Demamd for polished and rough diamonds as well as diamond jewely expected to continue growing in the 1st half of 2022 

 For more information on the Global Diamond Industry read the full report here.

Picture courtesy: AWDC and Baines