Demand for diamonds set to rocket in next few years

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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

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