21 September 2015
21 Sep 2015
Global diamond jewellery demand rose three per cent to exceed US$80 billion for the first time in 2014 – representing the fifth year of consecutive growth since the global recession – while global rough diamond production rose six per cent to US$19 billion, according to The De Beers Group of Companies’ Diamond Insight Report 2015.
Consumer demand in 2014 grew in each of the top five diamond consuming markets – the US, China, Japan, India and the Gulf – which account for 75 per cent of global demand. The strength of the US dollar suppressed further global growth, which at constant exchange rates amounted to almost five per cent.
Despite the strong performance in 2014, the Report notes that the continued strength of the US dollar and lower demand growth in China is likely to mean that global growth (in US dollar terms) in 2015 will remain stable on 2014 levels.