DiamondBuzz
Young Diamantaires transitions into a formal industry association
The Young Diamantaires, a vibrant and rapidly growing collective of diamond and jewelry professionals, has officially transitioned into a formal industry association. Based in Dubai, the organization now boasts a diverse membership of over 500 individuals across 25 countries. This development marks a significant step in the group’s evolution and further positions it as a forward-thinking force within the global diamond industry.
Founded in 2016 during the 37th World Diamond Congress in Dubai, the Young Diamantaires began as a discussion group with a mission to empower the next generation of industry leaders. With a strong emphasis on creativity, innovation, and inclusivity, the association is committed to driving positive change through professional development, sustainability, ethical practices, and the exploration of new opportunities in the diamond and jewelry sectors.
n a landmark move, the group has now been formally established as an industry association. This official recognition underlines its long-term commitment to shaping the future of the diamond industry. The announcement was accompanied by the election of its inaugural board of directors, comprising prominent leaders from key industry bodies across various countries:
David Troostwyk – President, London Diamond Bourse (LDB),Elodie Daguzan – Executive Director, World Diamond Council (WDC),Kevin Vantyghem – President, Vantyghem Diamonds,Melissa Smet – Executive Director, Syndicate of the Belgian Diamond Industry (SBD),Mike Asscher – President, Royal Asscher Diamonds,Rachel Sahar – Founder, R Sahar Diamonds,Shai Schnitzer – President, S Schnitzer Diamonds
This leadership team reflects the association’s global outlook and its commitment to representing diverse voices within the diamond community.
The Young Diamantaires represents a new generation of industry professionals united by a shared passion for diamonds as both a livelihood and a cultural cornerstone. Its members span continents and cultures, embodying a wealth of perspectives that contribute to its dynamic approach to problem-solving and industry development.
The formal establishment of the Young Diamantaires as an industry association marks a pivotal moment for the next generation of diamond professionals. With a strong foundation in innovation, ethics, and global collaboration, the organization is well-positioned to lead transformative efforts in the diamond and jewelry industry, ensuring its relevance and resilience for years to come.
DiamondBuzz
De Beers Rough Diamond Production Up 17 Year-on-Year
The Sequential Recovery Was Even More Striking, With Output Climbing 88% Quarter-on-Quarter From a Heavily Suppressed Q4 2025 Baseline
De Beers rough diamond production up 17% year-on-year to 7.1 million carats for the quarter ended March 31, 2026, is the kind of figure that reads well in a headline. But context transforms interpretation. The sequential recovery was even more striking, with output climbing 88% quarter-on-quarter from a heavily suppressed Q4 2025 baseline — a rebound that reflects operational factors rather than any meaningful surge in consumer demand for natural diamonds.
Both primary growth drivers were operationally predetermined rather than market-responsive. A planned ore release from a new area at the Gahcho Kué joint venture mine in Canada, and the continued processing of higher underground ore volumes at the Venetia mine in South Africa, together accounted for the majority of the year-on-year production increase. These are scheduled outcomes of capital programmes that were set in motion years earlier, not reactive decisions to chase rising diamond prices.
This distinction matters enormously for market interpretation. Production growth driven by mine transition schedules and ore release programmes carries a fundamentally different signal than growth driven by producers ramping up output in response to strengthening demand. In the current environment, De Beers is producing more simply because its mines are at a stage in their operational cycles where more ore is available — not because the market is calling for it.
Furthermore, according to De Beers’ official Q1 2026 production report, the critical distinction for Q1 2026 is that volume and value are moving in opposite directions. A 17% increase in production alongside a 19% decline in average realised price tells a more nuanced story than output data alone can convey. Production guidance for 2026 is unchanged at 21–26 million carats (100% basis). De Beers continues to monitor rough diamond trading conditions in order to align output with prevailing demand. Unit cost guidance for 2026 is unchanged at c.$80/carat
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