In this 64th episode of the Paul Zimnisky Diamond Analytics Podcast, Andrew Rickard from RDI Diamonds, a large diamond and jewelry wholesaler in Upstate New York, joins the show. The episode begins with Paul and Andrew talking about Oak Hill Country Club of which Andrew is a member. Next, the two analyze the state of diamond inventory in the supply chain and how currently volatile diamond prices are impacting the trade. Then they share their intermediate and longer-term views on lab-grown diamonds and the impact on natural diamonds. Next, they discuss falling consumer engagement ring budgets, diamond grading from the standpoint of a wholesaler, and if retailers will pivot back to prioritizing the selling of natural diamonds (over LGD). Finally, the two discuss how Western sanctions on Russian diamonds could impact what is already a fragile diamond market.

Hosted by: Paul Zimnisky

Guest: Andrew Rickard

Guest plug: www.rdidiamonds.com

More information on PZDA’s State of the Diamond Market report: www.paulzimnisky.com/products

Show contact: paul@paulzimnisky.com or visit www.paulzimnisky.com.

Please note that the contents of this podcast includes anecdotes, observations and opinions. The information should not be considered investment or financial advice. Consult your investment professional before making any investment decisions. Please read full disclosure at: www.paulzimnisky.com.