According to management consulting firm Bain & Company, the growing demand for diamonds shows no signs of slowing down for the next decade and is currently led by the U.S. China and India, the top retail markets for jewellery featuring precious gems.
On the other hand, the increased demand for diamonds may also pose a threat to the market as a whole as a result of a shortage of financing and resources that may be needed in the long run to satisfy it.
The report, called “Diamonds: Timeless Gems in A Changing World,” has revealed that last year, the diamond industry has grown between 2 and 4 per cent across all sectors of the industry, including mining, cutting, polishing, manufacturing and retail. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
