Lucara Diamond Corp. expects natural diamond prices to remain cautious over the long term as the market adjusts to structural shifts, including the continued decline in lab-grown diamond prices due to oversupply.
In its Q2 2025 results, the company said global natural diamond production is forecasted to fall following significant production cuts by major producers. “In the near term, premium-grade natural diamonds are showing renewed strength, supported by limited global supply growth and strong performance at international trade shows,” said Lucara President and CEO William Lamb.
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