Zimnisky Research Shows a Striking Decline in Diamond Production

NEW YORK, (Perla) -- World renown independent diamond and jewelry analyst Paul Zimnisky highlights the sharp contraction in global diamond supplies in a new brief titled "Diamond Supply is Precipitously Falling."

Zimnisky notes that natural rough diamond supply is forecast to fall to under 95 million carats this year, which would mark the lowest global output since 1987. A harsh production economics squeeze has led to severe operational curtailments and multiple mines around the world shuttering. The result will likely be three primary entities controlling the vast majority of the world's natural diamond supplies going forward.

Zimnisky commented: "It's hard to overstate the supply contraction over the last few years. I think most everyone in the diamond and jewelry trade understands that the market has been in a lull, but I am not sure its appreciated how much supply has come off as a result, some of which will be permanently offline."

He added, "I think the potential for a squeeze in natural diamond prices is unusually heightened at the moment and could be set off with any positive demand catalyst."