Diamond demand at $79B

| Friday September 19, 2014 15:11

Demand is expected to continue to grow over the long term, driven by the ongoing economic recovery in the US, which is the world’s largest diamond jewellery market, and from growth of the middle classes in developing markets such as China and India. Sales of polished diamonds in the US increased by 7 percent in 2013, while both India and China have seen their domestic diamond jewellery markets grow by a compound annual growth rate of 12 percent in local currency terms, between 2008 and 2013.