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Bloomberg reported Bain & Co. said the diamond jewelry industry may face a shortage on increased demand from China and India.
Bloomberg reported Bain & Co. said the diamond jewelry industry may face a shortage on increased demand from China and India.
As quoted in the market news:
Diamond demand in carats will rise more than 6 percent a year until 2020, outpacing the 2.8 percent annual growth in supply, Bain said today in a report for the Antwerp World Diamond Centre. Production will reach almost 175 million carats by then, exceeding the peak reached in 2007.