Moving forward under dark clouds...
Reading the news is a scary pastime. There is a constant cycle of bad news and extreme claims. If I was looking to sell a blog I would title it “Diamond Industry under threat, as dark clouds approach!”.
However, I’m not looking to sell a blog and the way that it looks to me, is that we may be through the worst of the diamond price downturn. This view is not guaranteed and a negative viewpoint is usually perceived as being a more intelligent viewpoint, so it is a somewhat risky opinion.
However, it is, in my view, that the most likely scenario at this time, (maybe a 52% chance), is that we are through the worst of the current downturn and that diamond prices will pick up from the end of September through to the first quarter of next year.
I hope that you enjoy our quarterly market report and its insights.
Benajmin Burne, CEO White Pine Wholesale
The Q1, 2022 report. View here.
The Q4, 2021 report. View here.
The Q3, 2021 report. View here.