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Worldwide diamond consumption likely to surge more than 60pct by 2020

Posted on 30 August 2013

According to the most recent research report titled “2012 Global Diamond Industry Report” released by the global consulting firm Bain & Company, global diamond consumption is likely to record a compounded annual growth rate of 6%. The worldwide diamond consumption may surge by more than 60% by the end of this decade.
According to the report, the U.S. is far and away the world’s largest diamond market. The U.S. market revenues are more than three times the revenues of the No.2 market China and the No.3 market India. Bain & Company notes that women in the U.S. continue to crave diamonds, but popularity of diamond engagement rings among younger consumers is marginally slowing down………………………………………..Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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