Unmined potential: how coffee could save the diamond industry

The diamond industry is in a crisis, billions of pounds in debt and with both prices and demand largely static.

Unmined potential: how coffee could save the diamond industry

Isaac MostoviczS. Muller & Sons.

As we stand today, diamond industry manufacturers – the global organisations that buy and polish rough diamonds – are more than $10 billion in debt, a figure that represents rather more than 60% of their annual sales.

Sadly, the pain felt by these organisations is far from isolated within the industry. At the May 2006 AGS (American Gem Society) Conclave in the US, many retailers privately admitted to chronic levels of overstocking, with up to three years' diamond supply on hand, albeit with much of...

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