Diamonds 2021: Agility in the face of crisis
The diamond industry was already under pressure before 2020, and the situation was exacerbated by the Covid-19 pandemic, which compelled the major miners to adopt a price-over-volume strategy and take steps to support the midstream segment. They reduced production by 20% and allowed customers to postpone purchases, and when demand recovered in the third quarter of 2020, the major miners lowered rough diamond prices by 10%.
Consumer demand received a further boost from strong holiday jewellery sales in December 2020, and 2021 has thus far proved to be a success for all segments of the diamond value chain, with miners achieving record sales, midstream margins growing amid high prices and jewellery sales exceeding previous forecasts.
Creamer Media’s ‘Diamonds 2021: Agility in the face of crisis’ report provides an overview of the world diamond market amid the Covid-19 pandemic. The report highlights rough diamond production, supply and demand, imports and exports, the production of synthetic diamonds, as well as the responsible sourcing of diamonds.
The report has a specific emphasis on diamond mining activities in South Africa over the past 12 months, and provides updates on the country’s major and midtier diamond producers, junior diamond mining companies, explorers and developers.
The report is a summary of information published on Creamer Media's Engineering News and Mining Weekly websites, as well as information available in the public domain and does not purport to provide analysis of market trends.
Creamer Media's Research Reports are available to subscribers.
- If you are a Research Chanel Africa subscriber, click here to log-in to Research Chanel Africa.
-
If you are a
magazine-and-online subscriber to Creamer Media's
Engineering News & Mining Weekly, your subscription entitles you to
one free research report of your choice. You would have received a promotional code
at the time of your subscription. Have this code ready and click on "Buy Report". You will be directed to the Creamer Media Online Store and, at the
time of check-out, please enter your promotional code to download your free report. Email
subscriptions@creamermedia.co.za
if you forgot your promotional code.
If you have previously accessed your free report, you can purchase additional Research Reports by clicking on the “Buy Report” button below the Research Report that you wish to purchase and you will be directed to Creamer Media's Online Store. -
If you are not a subscriber, you can either buy the individual research report by clicking on “Buy Report” or you can subscribe and,
not only gain access to your report, but also enjoy all other subscriber benefits. Click on the “Subscribe and Download” button if you wish to
subscribe or find out more.
The most cost-effective way to access our Research Reports is by subscribing to Creamer Media's Research Channel Africa - you can upgrade your subscription now at this link.
Comments
Projects
Showroom
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOMSponsored Posts
Latest Multimedia
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
