Global Diamond Demand At Record $79 Billion in 2013
Global diamond demand at a record $79 billion in 2013, according
to the inaugural Diamond Insight Report, published by De Beers.
Demand is expected to continue to grow over the long term, driven by the ongoing economic recovery in the US (the world’s largest diamond jewellery market) and the growth of the middle classes in developing markets such as China and India.
Sales of polished diamonds in the US increased by seven per cent in 2013, while both India and China have seen their domestic diamond jewellery markets grow by a compound annual growth rate of 12 per cent in local currency terms between 2008 and 2013.