Should the Ukraine struggle cease, an emotional rebound globally is on the cards which may imply a surge in diamond acquisition. This would help by decreasing the overhang of polished caught within the slicing centres. Previous attempts to stem the circulate of Russian items to the factories of India have failed; nonetheless, efficiently stemming this rough would briefly help the market because of provide shortages. Polished costs have advanced significantly over the past few years and this year alone we’ve seen a mean decline of more than 15 per cent.
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The final thing we want is to fail ourselves and go away gaps at the consumer stage for the lab-grown diamond segment to exploit, notably within the smalls the place provide volumes can be important in brief order. The threat is that buyers who do not have compelling proof of the origins of a diamond might start to turn away from pure diamonds. At the same time, polished demand and retail gross sales in Hong Kong and China are weakening, significantly impacted by new COVID lockdowns.