9
February
2016
Message from Maxim Shkadov, President of IDMA to Industry Stakeholders
Polished first, than rough
Looking at the last supply cycle of the large producers, ALROSA and De Beers, we've seen an increase in rough diamond supply to the market. While this is encouraging, it is important that the producers, large and small, realize that the midstream sector is still weak and that most diamond traders yet have to receive payment for their holiday sales.