Supply Chain Challenges Persist in Global Diamond Trade
Article Contents
The global diamond trade is fraught with persistent supply chain challenges, encompassing ethical sourcing, market volatility, and operational inefficiencies. Ethical concerns arise from the complex requirements of conflict-free certifications, such as the Kimberley Process, which often face scrutiny over their effectiveness. Meanwhile, market volatility is heightened by geopolitical tensions and economic shifts, impacting diamond supplies and pricing. Operationally, fragmented processes from mining to retail complicate transparency and efficiency. Furthermore, the rise of lab-grown diamonds captures significant market share, underscoring shifting consumer preferences. These challenges urge industry stakeholders to innovate and strategize for…
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