The diamond markets most anticipated supply catalyst happened this year

The biggest anticipated event in the diamond market happened this year. The Argyle Mine in Australia, which produces around 90% of the world’s pink diamonds, is closing.

The long-suffering diamond market should benefit, says Paul Zimnisky, independent diamond analyst and consultant, who talked to Kitco earlier this month.

Zimnisky calls it the diamond markets most anticipated supply catalyst.

Listen to our wide-ranging discussion with Paul on where he sees signs of recovery, how he forecasts demand and why synthetic diamonds may not be the existential threat that it appears to be.

Courtesy: KITCO