Details

  • Industry: Energy & Natural Resources, Energy & Mining Services, Mining
  • Type: Regulatory update
  • Date: 19/02/2013

Commodity Insights Bulletins

Commodity Insights Bulletin
KPMG's series of quarterly global bulletins provides insight into trends, issues and changes within the key mining commodity sectors.

Diamond Insights: Q4 2012 

KPMG's quarterly Global Commodity Insights Bulletin on Diamonds (Q4 2012). It provides a succinct overview of recent global events and outlook for that commodity, details of major developments and projects, and recent regulatory changes.
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Key insights

  • The global diamond market continues to face uncertainty in the months ahead, which may result in 2013 showing little improvement over what was a fairly depressing 2012.
  • Significant shifts were seen in the dynamics of ownership changes in the global diamond industry. This included the largest deal of 2012 — the US$5.1 billion sale of the Oppenhemier stake in De Beers.
  • The global diamond industry demand witnessed weakness and caution in 2012, leading to lower inventories and consumers shirking away from diamond purchases.
  • The global rough diamond prices are expected to have dropped 16 percent in 2012 — an event witnessed for the first time in four years.
  • Demand and supply are expected to increase by approximately 6 percent and 3 percent per annum, (respectively) between now and 2020.

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