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Global Diamond Market to Reach $41.49 Billion in 2024, Asia Pacific Demand Surges

Global Diamond Market to Reach $41.49 Billion in 2024, Asia Pacific Demand Surges

by Andrew Wilson | Dec 22, 2024 | Market Insights

The global diamond market is set to reach $41.49 billion by 2024, with significant growth driven by demand in the Asia Pacific region. Increasing affluence, urbanization, and changing consumer preferences propel this demand, particularly in China and India. The rise...
Surat’s Diamond Industry Faces Crisis: Layoffs and Closures Mount

Surat’s Diamond Industry Faces Crisis: Layoffs and Closures Mount

by Andrew Wilson | Dec 21, 2024 | Market Insights

Surat’s diamond industry is confronting an unparalleled crisis, driven by geopolitical tensions and market shifts. The G7’s ban on Russian diamonds and the rise of lab-grown alternatives have caused supplies to dwindle and demand patterns to shift. Nearly...
Dubai’s Diamond Trade Sparkles With 12% Growth in First Half of 2024

Dubai’s Diamond Trade Sparkles With 12% Growth in First Half of 2024

by Andrew Wilson | Dec 20, 2024 | Market Insights

Dubai’s diamond trade saw a brilliant 12% growth in the initial half of 2024, as the emirate reinforced its dominance in the global diamond market. This upsurge is part of a continuing trend, bolstered by Extensive Economic Partnership Agreements that allow...
Diamond Jewelry Cleaning: Step-by-step Guide & Tips

Diamond Jewelry Cleaning: Step-by-step Guide & Tips

by Andrew Wilson | Dec 20, 2024 | Diamond Care Guide

Did you know that nearly 80% of people don't clean their diamond jewelry as often as they should? It's a surprising statistic, considering how much we cherish these sparkling treasures.If you're in that majority, don't worry;...
De Beers CEO Forecasts Natural Diamond Market Recovery in Late 2024

De Beers CEO Forecasts Natural Diamond Market Recovery in Late 2024

by Andrew Wilson | Dec 19, 2024 | Market Insights

De Beers’ CEO forecasts that the natural diamond market will experience a gradual recovery starting in late 2024, driven by stabilizing prices and rebounding economic trends, especially in China. The market has faced challenges with declining production and...
India’s Diamond Exports Hit Decade-Low, Set to Fall 18-19% in FY2025

India’s Diamond Exports Hit Decade-Low, Set to Fall 18-19% in FY2025

by Andrew Wilson | Dec 18, 2024 | Market Insights

India's diamond exports are projected to decrease by 18-19% in FY2025, reaching a decade-low of $12.5-13 billion. This decline is attributed to several factors, including shifting consumer preferences and economic pressures. Remarkably, there has been a 28%...
Lab-Grown Diamonds Gain Traction as Ethical, Affordable Alternative

Lab-Grown Diamonds Gain Traction as Ethical, Affordable Alternative

by Andrew Wilson | Dec 17, 2024 | Market Insights

Lab-grown diamonds are increasingly favored as an ethical and affordable alternative to mined diamonds. They boast a considerably lower environmental impact, consuming up to 78% less water and 60% fewer carbon emissions. Produced in controlled laboratories, these...
Diamond Prices Dip 3-4% in 2024, Industry Sees Slower Decline

Diamond Prices Dip 3-4% in 2024, Industry Sees Slower Decline

by Andrew Wilson | Dec 16, 2024 | Market Insights, All About Diamonds

In 2024, diamond prices dipped by approximately 3-4%, as the industry contended with oversupply and evolving consumer preferences. The reduction in demand for both rough and polished diamonds, compounded by high inflation and economic fears, led to downward price...
From Click to Sparkle: The Benefits of Buying Diamonds Online

From Click to Sparkle: The Benefits of Buying Diamonds Online

by Andrew Wilson | Dec 16, 2024 | Diamond Education & Guides

When you think about purchasing diamonds, the thought of doing it online might seem daunting initially. However, the process from click to sparkle can be surprisingly advantageous. You gain access to a vast selection, often finding prices considerably lower than those...
Anglo American Mulls De Beers Spinoff, Sparks Global Investor Interest

Anglo American Mulls De Beers Spinoff, Sparks Global Investor Interest

by Andrew Wilson | Dec 15, 2024 | Market Insights

Anglo American’s potential spinoff of De Beers is capturing global investor attention, driven by a strategic pivot to concentrate on core assets such as copper and iron ore. This move aligns with operational streamlining goals amid challenges like De...
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