The Global Diamond Industry 2020–21
Production decreased by 20% in 2020 YoY The report updates a long-term outlook for t he diamond industry through 2030 Update 1: Recently in a joint effort between Bain & Company and AWDC, published the report, The Global Diamond Industry 2020–21. In their note the report said, “Welcome to the tenth annual report on the global diamond industry, prepared by the Antwerp World Diamond Centre (AWDC) and Bain & Company. This year’s edition covers industry performance in 2019, effects of the Covid-19 pandemic in 2020 and an update on consumer preferences and attitudes. We also assess potential recovery scenarios in 2021 and beyond.” The report begins with key developments along the value chain, including industry trends that were accentuated or accelerated by the global pandemic. We review factors that influenced rough diamond production and sales, midstream performance, and global diamond jewelry demand in major markets. We updated our long-term outlook for the diamond i