The Global Diamond Industry 2021–22 report highlights a strong recovery in 2021 following a sharp decline in 2020 due to Covid-19. Diamond jewelry sales, mining, and midstream activities rebounded rapidly, exceeding pre-pandemic levels, driven by strong consumer demand, increased savings, and limited spending alternatives. Prices and profit margins recovered across the value chain, supported by inventory shortages and renewed production. The industry also accelerated digital adoption, e-commerce, and operational efficiency. Key trends include rising importance of ESG, traceability, and the growing separation of lab-grown diamonds. Looking ahead, growth is expected to continue, though risks remain from economic shifts and geopolitical factors, with long-term performance shaped by demand, su

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