Challenges abound for diamond industry, despite growing demand: De Beers

In its first ever public report on the state of the diamond industry, diamond miner and retailer De Beers paints a picture of an industry that will likely struggle to meet future demand while also facing increasing competition from other luxury...

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In its first ever public report on the state of the diamond industry, diamond miner and retailer De Beers paints a picture of an industry that will likely struggle to meet future demand while also facing increasing competition from other luxury products.

Global sales of diamond jewelry, which reached a record US$79 billion in 2013, is expected to continue to grow – in particular in China and India.

"Even under scenarios of volatile or weaker global economic growth, demand for diamonds is expected to show positive real growth in the next decade," says De Beers' Insight Report.

Read the complete article at NorthernMiner.com/news/challenges-abound-for-diamond-industry

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