Diamond miners are enjoying a moment in the sun, as a combination of COVID bounce-back and sanctions triggers a scramble for a shrinking number of stones. Consumer demand for diamonds, like other luxury goods, contracted sharply back in 2020, at the hight of the pandemic panic. Slower industrial operations also limited demand for diamonds used in drilling rigs and elsewhere. But supply was also supressed as COVID restrictions limited the number of workers who could operate at mines.
NSTL
