UBS Calls Bottom In Diamond Market, Warns Of Supply Crunch Through 2029

A UBS team led by Myles Allsop has called a "bottom" in the multi-year diamond bear market, citing signs of stabilization after years of falling prices driven by oversupplied conditions, the proliferation of lab-grown stones, shifting consumer preferences, and persistent macroeconomic headwinds.

Allsop hosted a call with top independent diamond expert Paul Zimnisky, in which they discussed the potential sale of De Beers by Anglo-American and the diamond market.