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Ethically Mined
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Conflict Free
Makhafola Minerals
Makhafola Minerals Established in 2007 in Johannesburg, South Africa. We source Kimberly processed ethically mined diamonds. Makhafola Minerals offer Conflict Free Diamonds with an indexed South Africa country, Botswana, Angola, DRC, and Namibia.
The worldwide retail market for diamond jewelry was $60 billion in 2010. Like the gold business, the diamond business is segmented into several groups.
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About Us
Our Diamond Pricing
Like gold, the diamond industry has had high expectations for diamond demand, primarily due to the vast emerging middle class in India, China, and Latin America. Sales have indeed increased dramatically in those regions.
This would indicate that prices for diamonds should be steady to slightly higher. Prices for bigger, higher-quality diamonds have indeed risen, but prices for smaller, more commercial stones have remained relatively flat or increased only modestly.
Diamond Demand
Demand is dictated by macroeconomic trends, or put, the state of the consumer. Prices are affected by economic booms and by recessions, like those in 2001 and 2008-2009. While prices did drop during the last global recession in 2008-2009, rough and polished diamond prices increased again in 2010 and 2011.
Because diamonds are a luxury item, demand growth is expected to parallel GDP growth. Slower GDP growth, which is now the expectation for the next couple of years.
Diamond Supply
It includes production levels and sales of stockpiles of diamonds. For example, when Russia and Australia brought large mines onto the market in the 1980s, supplies increased, and prices dropped.
On the supply side, the diamond industry has a problem similar to the gold business — known reserves are declining, costs are going up, and grades are lower.