The natural diamond industry is witnessing a resurgence as prices have risen sharply over the past two months, marking a 10% increase driven by growing international demand. This momentum is fuelled by renewed interest across key global markets, including the US, Europe, China, West Asia, and India. Industry reports indicate that the price of the most-used diamond has surged from approximately $3,250 to $3,600 per carat, reflecting tighter supply conditions and a steady rise in consumer appetite.

This revival is underlined by renewed confidence in the Asian markets. The recent Hong Kong show exceeded expectations, reigniting momentum in Hong Kong and Mainland China. Simultaneously, countries like Thailand, Indonesia, the Philippines, and Cambodia are showing promising signs of demand growth. In India, a key global hub for diamond manufacturing and consumption, demand has picked up notably, with workers in polishing units seeking wage hikes as workloads increase. The landscape changes swiftly, and a sense of forward movement is returning to the industry after a prolonged slowdown.

Across the Atlantic, the US—the largest market for natural diamonds—is showing signs of cautious but steady recovery. Midstream inventories have reduced, bringing a better balance between supply and demand. This realignment has contributed to an upward trend in prices across various diamond categories, a development now reflected in trading benchmarks. With market stability gradually returning, stakeholders recognise the importance of collaboration in managing inventory levels and adapting to evolving demand dynamics. The shift is subtle but significant, indicating that the worst may be behind us.

What lies ahead is a chance to accelerate this momentum and redefine the industry’s growth story. The encouraging signs are not just seasonal—they’re strategic signals that the global diamond pipeline has an opportunity to unite, innovate, and lead with intention. Beyond managing supply, the focus must shift to creating long-term, sustainable demand. All stakeholders—miners, manufacturers, dealers, and retailers—must work in sync, looking beyond their individual roles to champion the collective strength of the natural diamond narrative. The past year underscored the fragility of fragmented approaches; now is the time to turn recovery into resurgence by prioritising shared goals, smarter planning, and unified action. The sparkle is returning—and this time, it can shine brighter.