The International Business Times reported that by the end of the decade, majority of consumers of diamonds could likely be in Asia with an expected rise of diamond sales at $26.1B by 2020.
As quoted in the market news:
“A recent report by Anglo American PLC (PINK: AAUKY) – which owns an 85 percent stake in diamond giant De Beers –predicts that China and Indian consumers, who each buy about 10 percent of the world’s polished diamonds, will continue to grow demand, to 13 percent for India and 15 percent for China by 2016. It also estimates that the global trade in finished diamonds will be about $31 billion three years from now.”
Click here to read the full International Business Times report.