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Future of natural diamonds challenging; holds promise of transformation: BCG report

A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market

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A new report by the Boston Consulting Group (BCG), commissioned by De Beers Group, unveils the critical factors that will shape the future of the natural diamond market.In an era marked by rapid changes and emerging challenges, the natural diamond industry stands at a pivotal juncture. A recent report by the Boston Consulting Group (BCG), commissioned by De Beers Group, sheds light on the critical factors shaping the future of the natural diamond sector. With primary diamond supply projected to decline and demand dynamics evolving, the industry is poised for a significant transformation, it notes.

The cornerstone of the natural diamond industry’s future is the anticipated decline in primary supply. The report highlights that the primary production of natural diamonds is expected to decrease by approximately 1% CAGR over the next decade. This decline is driven by the diminishing yields from ageing mines, a scarcity of new discoveries, and constrained exploration budgets over the past ten years. While there is potential for some increase through brownfield expansions, the overall outlook suggests a tightening of supply.

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International News

Swiss International Gemlab Launches with Proprietary AI for Precise Colored Gemstone Grading

Swiss International Gemlab promises Faster, More Accurate Certification, Ensures Report Consistency

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Three veteran gemologists today announced the opening of Swiss International Gemlab (SIG), a cutting-edge facility leveraging proprietary artificial intelligence (AI) to enhance grading accuracy and consistency for colored gemstones.

Founded by Willy Bieri, Lawrence Hahn, and Matthias Alessandri—senior experts who have collaborated for over a decade—SIG will operate from state-of-the-art locations in Lucerne, Switzerland, and Hong Kong. The lab promises faster results, unmatched transparency, and scientific rigor, insulated from external influences.

SIG delivers a full spectrum of services, including gemstone identification, origin determination, treatment analysis, and advanced color grading. At its core is SIG-AI Assistance, a proprietary system that cross-references analytical data against structured databases to detect anomalies, ensure report consistency, and slash interpretation time.

With a standard turnaround of five business days—plus expedited options for urgent needs—and real-time status tracking, SIG sets a new benchmark for efficiency and reliability in gem certification. The lab will make its global debut at this year’s GemGenève in May, offering on-site services to industry professionals.

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