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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

Instappraise & NAJA Tie Up: Third Scholarship Unlocks appraisal Mastery For Global Pros

Renewed Partnership Boosts Access To NAJA Certification Pathways and Instappraise Tool

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Instappraise, a jewellery appraisal software provider founded in 2019, has renewed and extended its educational partnership with the National Association of Jewellery Appraisers (NAJA), a US-based professional body established in 1981 that focuses on appraisal education, certification, and ethical standards, introducing a third scholarship to widen access to formal appraisal training and reinforce global standards.

The expanded programme now offers three distinct pathways. The first targets non-members with gemmological credentials, providing NAJA membership, access to Lessons 1-5 of the Appraisal Studies Course, and a one-year Instappraise software subscription, valued at $2,070. The second supports existing NAJA members pursuing certification, while the third enables certified members to advance to the Certified Master Appraiser designation, with benefits valued at $1,775.

The initiative responds to rising demand for structured education amid evolving valuation standards and regulatory expectations. Applicants must submit an essay, demonstrate recognised gemmological qualifications, and complete coursework within defined timelines to maintain academic rigour.

Instappraise’s appraisal platform is positioned to support NAJA and Uniform Standards of Professional Appraisal Practice (USPAP)-compliant reporting through structured documentation and workflow tools, while NAJA continues to anchor professional education and certification.

Applications close on 15 June 2026, with winners to be announced at NAJA’s 66th Annual ACEit Mid-Year Education Conference in August.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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