Guest: David Kellie (4th Appearance)

In this 80th episode of the Paul Zimnisky Diamond Analytics Podcast, David Kellie, CEO of the Natural Diamond Council (NDC), joins for a final appearance on the eve of his retirement. The episode begins with Paul sharing a glimpse of diamond industry catalysts he is monitoring going into 2026. Next, Paul and David discuss the future of the marketing business amidst the advent of new technologies like AI and David provides advice for students aspiring to pursue a career in the field. Next, the two discuss the recent success of Ralph Lauren and how the company's business model can relate to category diamond marketing. Finally, David provides an update on the state of the NDC, Paul opines on how the diamond industry is still dealing with "post-monopoly" challenges, and the two share thoughts on when the impact of LGD on natural diamonds will moderate.                                                                                                                     Hosted by: Paul Zimnisky Guest: David Kellie Guest plug: www.naturaldiamonds.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 79th episode of the Paul Zimnisky Diamond Analytics Podcast, Paul is joined by Tobias Kormind of 77 Diamonds in London. The episode begins with Paul and Tobias discussing the "inventory light" business model of online diamond jewelers. Next, the two discuss the more mainstream emergence of jewelry customization and how consumers are responding to this new option. Tobais then explains why his company sells lab-grown diamonds and Paul goes on a soliloquy about the hazards of conflating LGD with natural diamonds. Finally, the two discuss the start to the 2025 holiday shopping season, the European jewelry market and why 77 Diamonds is expanding to Poland.   Hosted by: Paul Zimnisky Guest: Tobias Kormind Guest plug: www.77diamonds.com   More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products A special thanks to this episode's sponsor A Diamond is Forever. This holiday A Diamond Is Forever is introducing Desert toned Diamonds, more information can be found here: www.adiamondisforever.com   Show contact: [email protected] 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.

In this 78th episode of the Paul Zimnisky Diamond Analytics Podcast, Paul is joined by Tony Carroll, a distinguished international trade advisor, lawyer and economist based in Washington DC that has consulted for the diamond industry. The episode begins with Tony sharing his experience serving in the Peace Corps in Botswana in the 1970's. Next, Paul and Tony speculate on the future of De Beers given that the company is up for sale. The conversation then transitions to more macro topics including the global economy, the deceleration in globalization, a rise in populism and political division in the U.S. Finally, the two discuss AI and robotics and the potential impacts of the technology on everyday life, especially for younger generations. The episode concludes with Tony briefly discussing boards that he sits on including a rare-earth element technology company and an anti-terror nonprofit.   Hosted by: Paul Zimnisky Guest: Tony Carroll Guest plug: www.manchestertrade.org   More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 77th episode of the Paul Zimnisky Diamond Analytics Podcast, Paul welcomes back lab-grown diamond entrepreneur Amish Shah –president of ALTR Created Diamonds and J'EVAR. The episode begins with Paul suggesting that autonomous driving technology should be stress tested in Surat, India. Next, Paul and Amish discuss when the diamond and jewelry industry will incorporate AI and robotics technologies. The two then opine on how LGD is evolving from a bridal to fashion jewelry product and Amish discusses the advantages of being a vertically integrated LGD jewelry producer. They then discuss the direct impact of U.S. tariffs on the industry and Amish shares his first-hand account of running his business in the current environment which has operations in India and the U.S. Finally, Paul and Amish speculate on how much LGD production volumes will grow and the two discuss the man-made diamond industry's seemingly inevitable transition from primarily jewelry to mainstream technological applications.   Hosted by: Paul Zimnisky Guest: Amish Shah Guest plug: www.altr.nyc, www.jevar.co   More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.     Hosted by: Paul Zimnisky Guest: Amish Shah Guest plug: www.altr.nyc, www.jevar.co   More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 76th episode of the Paul Zimnisky Diamond Analytics Podcast, novelist and jewelry industry journalist Rob Bates returns. The conversation begins with Rob addressing some of the feedback that his new novel "Making A Killing In Diamonds" received. Next, Paul discusses his recent keynote presentation at the Dubai Multi Commodities Centre Lab-grown Diamond Symposium. The two then share their views on De Beers' new Desert Diamonds "Beacon" and whether the marketing push will yield success. Paul then analyzes the hyperbolic move in gold prices. Finally, Paul and Rob debate the sale of De Beers, the impact of LGD on Botswana and Trump tariffs.                                                                             Hosted by: Paul Zimnisky Guest: Rob Bates Guest plug: www.robbatesauthor.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products A special thanks to this episode's sponsor A Diamond is Forever. This holiday A Diamond Is Forever is introducing Desert toned Diamonds, more information can be found here: www.adiamondisforever.com   Show contact: [email protected] 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.

In this 75th episode of the Paul Zimnisky Diamond Analytics Podcast, independent mining journalist David McKay joins the show from Johannesburg, South Africa. The conversation begins with Paul recounting a multi-week journey he took through South Africa in 2023 and David sharing his views on the current economic and political state of the nation. Next, the two discuss the surge in gold prices and how this is impacting the gold mining industry. They then analyze the recent news of CEO departures from two of the top three largest gold miners, Newmont and Barrick, and then briefly touch on the platinum market. Finally, the conversation switches to Anglo American's restructuring aim to be more copper focused and the recent news of its merger of equals with Tech Resources. Paul and David finish with a deep dive on the current ongoing sales process of De Beers.   Hosted by: Paul Zimnisky Guest: David McKay Guest plug: www.miningmx.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products A special thanks to this episode's sponsor A Diamond is Forever. This holiday A Diamond Is Forever is introducing Desert toned Diamonds, more information can be found here: www.adiamondisforever.com   Show contact: [email protected] 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.

In this 74th episode of the Paul Zimnisky Diamond Analytics Podcast, natural diamond wholesaler Aleah Arundale from Chicago-based Olympian Diamonds joins the show. The episode begins with Paul and Aleah discussing the state of the U.S. diamond market going into the holiday season amidst tariff complications. Next, Aleah enthusiastically shares her views on how the trade is underutilizing the recycled/repurposed diamond market. Next the two speculate on how Taylor Swift's old mine cut diamond engagement ring will influence the consumer. Finally, the two candidly share their views on how long the lab-grown diamond engagement ring market will remain hot in the U.S.   Hosted by: Paul Zimnisky Guest: Aleah Arundale Guest plug: www.olympiandiamonds.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 73rd episode of the Paul Zimnisky Diamond Analytics Podcast, Tom Moses, Executive Vice President of The Gemological Institute of America (GIA), joins the show to discuss an array of timely industry topics. The episode begins with Tom giving his perspective on the current downturn in the diamond market and how it stacks up against others that he has seen over his almost 50-year career. Paul then explains why he thinks the 50% Indian tariff on natural diamonds could actually be digestible by consumers while the tariff on lab-grown diamonds is maybe not even consequential. Next, Tom gives an estimation of what current diamond inventory in the U.S. looks like based on what the GIA has seen passing through in recent weeks. The conversation then moves to LGDs and Tom explains why he thinks that we could see LGD rough selling for as little as $5 per carat in the coming years and how fine jewelers selling LGD could be a "path to distinction" for the larger category. Tom then shares his story of spearheading the GIA decision to provide LGD reports and how this ultimately culminated in a decision to change course in June 2025 –news which generated significant industry stir. Finally, Paul shares why he thinks the diamond industry might be through the worst of the disruption caused by LGD.   Hosted by: Paul Zimnisky Guest: Tom Moses Guest plug: www.gia.edu More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 72nd episode of the Paul Zimnisky Diamond Analytics Podcast, Richa Singh, the Natural Diamond Council's (NDC) Managing Director for India, joins the show for the first time. The episode begins with Paul recollecting his experience of being in India last year, especially as it pertains to the size of the gems and jewelry industry in Mumbai and Surat. Richa then discusses the cultural relationship for jewelry between India and the Middle East as Titan Company just acquired Damas Jewellery. The two then analyze why the Indian consumer economy may be the be dominant source of new growth for the diamond industry in the coming decades. Next, Paul and Richa talk about lab-grown diamond penetration in the Indian consumer market versus the U.S. Finally, Richa shares thoughts on the future of the NDC following the Luanda Accords and the announcement that CEO David Kellie will be retiring at the end of the year.   Hosted by: Paul Zimnisky Guest: Richa Singh Guest plug: www.naturaldiamonds.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.

In this 71st episode of the Paul Zimnisky Diamond Analytics Podcast, Sam Indelicato from U.S. wholesaler RDI Diamonds joins the show. The episode begins with Paul and Sam talking about how retailers are viewing the proposition of selling lab-grown diamonds as of mid-2025. Next, the two discuss why certain larger, fancy-shaped natural diamond categories are outperforming the rest of the market. The two then discuss the impact that the Trump administration's tariff campaign has had on the domestic diamond and jewelry market. Finally, Paul and Sam have a spirited debate around the Natural Diamond Council's latest "guerrilla" campaign while discussing the general direction that natural diamond marketing has taken.   Hosted by: Paul Zimnisky Guest: Sam Indelicato Guest plug: www.rdidiamonds.com More information on PZDA's State of the Diamond Market report: www.paulzimnisky.com/products   Show contact: [email protected] 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.