Five Forces That Shaped the Diamond Market in 2025

2025 was a critical year for the diamond industry, shaped by five developments that placed sustained pressure across the market.

In this video, Avi Krawitz breaks down how shifts at De Beers, the continued rise of synthetics, evolving approaches to traceability, aggressive US trade policy, and mounting strain across the diamond pipeline combined to redefine the industry’s trajectory.

From geopolitical tensions and tariffs to retail behavior and value erosion in the midstream and mining sectors, the analysis connects the dots behind a third consecutive year of contraction and explains where the real battle for diamonds is being fought.