I'm a diamond geek, and I'm always excited to read DeBeers Insight Reports and the Bain/AWDC Diamond Industry Reports. There's a treasure trove of data to better understand the industry and it's trends.

The 2023 report was focused on China, but I picked up 4 key trends.

• The US is the largest market for polished diamonds and is returning to old form with 53% of global market share.
  

• Branded jewelry sales were strong through 2022, with many brands reporting 18%+ increases. I believe this indicates strength in the hi-end, luxury segment. Plan to capitalize on this market during the holidays.

• High midstream inventories are a near term concern. Retailers have ample inventory, due to declines in US disposable income and slower Chinese demand. DeBeers anticipates trading conditions to recover in the medium term.
  

• Notably, DeBeers did not discuss demand destruction from the LGD sector. In my observation, segments of the natural industry have been cannibalized -- most notably, smaller and/or imperfect segments of the industry.