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Why do billions of diamonds accumulate?

June 15, 2020

The five largest diamond marketers in the world have an estimated inventory of $ 3.5 billion.

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Why do billions of diamonds accumulate?Why do billions of diamonds accumulate?


The corona virus crisis also hit the luxury market. It is now the turn of the diamond industry, which will no doubt be affected by the adoption of COVID-19.

The producers have accumulated large amounts of these gemstones. According to Bloomberg Quin, the five largest diamond marketers in the world have around $ 3.5 billion in inventory.

For example, the vaults of two of the world’s largest diamond companies –De beersbased in London (UK) and its Russian rival Alrosa– continue to accumulate these gems despite their efforts to control inventory, reduce their production and maintain fixed prices.

In this case, the diamond industry faces a dilemma: it tries to reduce the surplus of its inventory while protecting its industry.