How a glut in diamonds is taking a toll on an already embattled industry

Is it ever possible to have too many diamonds? For many in the business of producing and trading these gems in recent years, the answer is yes.   The top diamond miners in the world, including the two largest, Alrosa and De Beers, have an inventory problem.

So do many of the cutters and polishers who buy the rough stones and sell them to retailers. At every stage of the supply chain there are too many of these precious gemstones, whose marketing has long depended on their rarity. A glut in many other industries would ordinarily.....

This article is no longer available in our repository.

There could be multiple reasons for this.