If something, what we witnessed through the first half of 2023 was a market in search of pockets of demand and alternatives to trade or manufacture at profit. At the very least, the intention for producers is to maintain the wheels turning at round 60 per cent of full capacity for now. The reality of the matter is that natural tough diamond production is simply too excessive in comparability with what the market can readily take in. And yet the major suppliers were compelled to drop their prices, and while contractual obligations allowed De Beers to sell, the center market experienced little demand for diamonds. The commerce turned more and more anxious about extreme polished stocks impacting middle-market liquidity, which in turn weakened rough demand and costs. Most diamantaires had already written off 2022 and hoped to see enhancements later in 2023.
- There is not any perfect answer but demanding