DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Technavio Report: The global diamond jewellery market to grow by $16.6 bn

29 june 2023

According to the market research company Technavio's report, the global diamond jewellery market is projected to expand by $16.6 bn between 2022 and 2027, exhibiting a compound annual growth rate (CAGR) of 3% throughout the forecast period.

The report also predicts that North America will contribute significantly to the market’s growth, accounting for 44% of the overall expansion. It states that within the North American region, the demand for personalized and one-of-a-kind diamond jewellery, particularly in the form of wedding rings, is witnessing a substantial surge.

Additionally, the market experiences a peak in demand for designer jewellery during the festive and wedding seasons. Furthermore, the advancement of technology in online retail is also fueling the growth of the diamond jewellery market in the US.

The report also shows that the growth in the global diamond jewellery market is largely driven by the shift towards e-commerce platforms, adding that the presence of counterfeit products in the e-retailing sector is the major challenge impeding the market growth.

The prevalence of counterfeit products is particularly prominent in the Middle East and Southeast Asia, including countries like the UAE, Saudi Arabia, Indonesia, China, India, Malaysia, and Singapore. This issue is expected to hinder market growth in these regions during the forecast period.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished