Alrosa predicts balanced diamond market in 2025

by Tamanna Bhasin | January 6, 2025 1:51 pm

Russian diamond mining company Alrosa anticipates a rebalancing of supply and demand in the diamond market over the coming months, as inventory levels in the midstream sector decline. Sergey Takhiev, Alrosa’s head of corporate finance, pointed to robust demand for jewellery and a significant reduction in diamond mining capacity—down by up to 20 per cent compared to 2018-19—as key drivers of price growth.

According to Rapaport[1], Takhiev explained, “The rapid development of the online jewelry trade has allowed jewellers and retailers to structurally reduce their inventory needs. As a result, the process of normalizing inventories took a long time. However, the decline in production observed in recent years due to the natural depletion of the global resource base and the growing capacity of the luxury goods and jewelry market, in particular, are factors that will ensure growth in prices for diamond products in the long term.”  

Source URL: https://www.jewellerybusiness.com/news/alrosa-predicts-balanced-diamond-market-in-2025/

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