Global diamond trade is roaring back thanks to stuck-at-home shoppers

The boom is being driven by bumper holiday jewelry sales, particularly in the vital US and Chinese markets.

The global diamond trade had spent years in the doldrums, only to be crippled by the pandemic when started looking up. Now, at last, business is booming again.
 
Factories in the industry’s “engine room” of Surat are so desperate to boost production that the most-skilled cutters and polishers are being head-hunted with offers of 50 per cent pay hikes and perks such as free food and housing. Miner De Beers is poised for its biggest rough-diamond sale in three years, even after raising prices, and rival Alrosa said last week that it expected recovery to keep going on for