De Beers CEO Reports Positive Trends in US Diamond Demand
In a recent statement, De Beers indicated an encouraging uptick in diamond demand in the US leading up to Christmas, hinting at a potential recovery in consumer interest. This trend is particularly noteworthy as it comes at a time when India has overtaken China, becoming the second-largest diamond market globally. According to recent industry reports, US diamond sales have shown a 15% increase in the last four years, reflecting a growing appetite for luxury goods amid economic recovery. As the diamond industry navigates shifting global markets, these signs of recovery are both timely and promising for stakeholders.