The article does a good job of pointing out issues with the diamond industry including margins getting smaller due to consolidation in the space and lack of financing.
However, a couple of points are just old and mute at this point:
1. De Beers' monopoly in the diamond world has long been over. It now supplies only about 20 percent of the world's rough diamonds.
2. Demand of diamonds is creeping up whereas supply is limited:
https://www.bain.com/contentassets/7b9f04068ca64542a17b71713...
Disclaimer: We, at Liquid Diamonds, are building an online exchange for naturally mined diamonds; think Nasdaq for diamonds.
https://liquid.diamonds/
However, a couple of points are just old and mute at this point: 1. De Beers' monopoly in the diamond world has long been over. It now supplies only about 20 percent of the world's rough diamonds. 2. Demand of diamonds is creeping up whereas supply is limited: https://www.bain.com/contentassets/7b9f04068ca64542a17b71713...
Disclaimer: We, at Liquid Diamonds, are building an online exchange for naturally mined diamonds; think Nasdaq for diamonds. https://liquid.diamonds/