China to drive diamond industry growth

Sales of diamond jewellery to Chinese consumers were the fastest growing in the world over the last decade, with a compound annual growth rate of 21 percent from 2003 to 2013.

According to the Diamond Insight Report released by De Beers this week, the USA is still the largest buyer of diamonds but the Chinese market is experiencing phenomenal growth.

As a result of the growth, the share of polished diamonds sold in jewellery to Chinese consumers grew from barely three percent in 2003 to just over 13 percent of global demand in 2013.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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