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China’s diamond market enters a new chapter of growth

  • Author:Tina
  • Source:Yadao
  • Release on:2014-10-23

China’s diamond market is showing no signs of slowing down in spite of a challenging macroeconomic environment. In fact, consumers’ strong demand for bridal jewellery and increasing interest in diamond investment are fuelling enough activity to sustain growth, according to executives from Shenzhen Sino-Africa Diamond Co Ltd, Antwerp-based Rosy Blue NV and Jurassic Color Diamond from Taiwan.

Latest figures from the customs department of China and the Shanghai Diamond Exchange (SDE), the country’s only diamond trading platform, echoed the market’s optimism.

Diamond imports recorded the fastest growth among all categories of gemstones and jewellery products in the first seven months of the year, Chinese newspaper International Business Dailyreported recently.

In June alone, polished diamond imports amounted to 154,900 carats in volume terms, up 59 percent from last year. In value terms, imports reached $199 million, a 75.8 percent increase year on year, figures from the SDE showed.