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Can diamonds outlive India’s gold obsession?

Posted on 29 January 2013

India’s obsession with gold is well documented. Jewellery collections here are often never complete without the yellow metal and no savings plan is perfect for an average Indian avoiding a piece of gold, irrespective of how appealing and profitable it may be.
While the country’s fascination for gold has its fair share of critics, Indians, of late, have developed a major interest in a related section - diamonds. According to the Global Diamond Industry Report 2012 released by business consultant firm Bain & Company in collaboration with Antwerp World Diamond Centre (AWDC), India is world’s third-largest diamond market, with $8.5bn annual revenue, and is growing rapidly………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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