July Diamond Trends: Minors Take to the Oceans and the Courts Weigh in on “Conflict-Free”

Diamond District keeps diamond traders in tune with our rapidly shifting industry.

This Week’s Top Stories

A major mine has not been discovered for 25 years, and supplies of rough are on pace to be depleted in 30 years. As miners desperately seek new supplies, they’re mining the ocean with the help of new technologies. (Washington Post )

With global rough production predicted to rise by 10%, prices are expected to fall. (Idex Online )

The Chinese are the world’s largest consumers of gold, but their perspective of gold and diamonds differs starkly from ours. (Motley Fool )

What do top-tier consumers pay for the world’s most exotic diamonds? Turns out, miners reveal little about the exclusive buyers and their massive bids. (The New York Times )

Brilliant Earth is in a nasty lawsuit, claiming a YouTube video about the online-only, “conflict-free” diamond seller is slanderous. Viewed nearly 800,000 times, the video rejects that Brilliant Earth’s diamonds aren’t truly conflict-free. (The New York Post )

As exotic, Fancy-colored diamonds continue to break auction records, one two-carat red diamond recently stood among the rarest. (The Telegraph)