01 march 2021
21 december 2020
The diamond industry, which was hit hard at the first stage including due to transport restrictions, suddenly, looks like a beneficiary of the Covid-19 pandemic towards the end of the year. The lifting of strict quarantines triggered a ‘broken-down’ diamond trading mechanism, as the sightholders were able to fly to Antwerp or Moscow to view and buy their goods. At the same time, global travelling is at a very low level due to a sharp increase in the COVID-19 infections, and restaurants are closing or restricting attendance. In the run-up to the holidays, a significant portion of the funds that should have been spent on travelling or dining out may be spent to purchase diamond jewellery.