Analysis indicates that the global diamond industry remains steadily stable.
Release time:
2018-01-30
Source:
Asian Jewelry 2017-12-29
《 2017 The "Global Diamond Industry Report" points out that, as the midstream market absorbs accumulated inventory surpluses, diamond producers are experiencing positive momentum, and rough diamond producers are stepping up investments to boost diamond sales. Moreover, the entire diamond industry is exploring new marketing strategies to meet evolving consumer demands.
By Bain & Company and the Antwerp World Diamond Centre ( AWDC ) The seventh jointly released “ 2017 The “Annual Global Diamond Industry Report” points out that, 2017 Each link in the annual diamond value chain continues to remain stable. 2017 In the first half of the year, revenue from raw drill suppliers declined. 3% primarily due to the increased share of low-priced products in sales. The report forecasts that... 2017 Revenue in the annual diamond cutting and polishing market will remain stable. Under a healthy macroeconomic environment, revenue from major chain retail brands in key markets is trending upward. 。 In India, 2016 The phasing out of high-denomination banknotes at the end of the year has, to some extent, strengthened the organization within the jewelry retail sector; therefore, the Indian market... 2017 Retail demand has risen this year.
From a long-term perspective, and given the favorable economic environment and demographic trends, analysts believe that the diamond industry’s outlook remains optimistic. Nevertheless, the industry’s future growth will hinge on two key assumptions: continued consumer demand for diamond jewelry, and the absence of synthetic diamonds replacing natural diamonds on a large scale.
Global Partner at Bain & Company and Co-author of the Global Diamond Industry Report Olya Linde It was stated: “The stability of the midstream market will depend on the mutual influence between rough diamond prices and polished diamond prices, as well as the ability of companies to continuously enhance their operational efficiency. In this regard, midstream enterprises have been vigorously promoting improvements in their operational capabilities, focusing primarily on accelerating time-to-market for products, shortening cutting and polishing cycles, and ensuring access to financing. They are also adopting new technologies—such as automated cutting processes and advanced digital technologies for diamond cutting design and modeling—to optimize yield.”
The report also points out that the shopping habits of “Millennial” consumers have changed, with their preference for “experiential” luxury consumption surpassing that for physical products such as clothing and jewelry. To reverse this trend, rough diamond producers are... 2017 Annual investment approximately 1.5 hundreds of millions of dollars spent on marketing campaigns. The amount increased by approximately... 50% The entire diamond industry is also exploring new marketing approaches and taking full account of shifting consumer preferences and evolving marketing channels.
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