2013 Brought New Diamond Jewelry Sales Record

The Financial Times reported that according to a new report from De Beers, US and Chinese consumption boosted diamond jewelry sales to a record $79 billion in 2013. That’s a rise of 3 percent from 2012.

As quoted in the market news:

Sales of polished diamonds also grew 3 per cent to $25bn, boosted by a 14 per cent jump in China and 7 per cent increase in the US.

‘The biggest engine for growth is greater China,’ said Philippe Mellier, De Beers chief executive. ‘The biggest source of new purchases are married Chinese women . . . [who] are very important in the Chinese way of life and they tend to treat themselves well with diamonds.’

Click here to read the full Financial Times report.