Diamond demand liftoff hindered by China crackdown, group says

September 8, 2016

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Diamond sales growth isn’t expected to accelerate any time soon as demand from China continues to slump, according to the president of the World Diamond Council. Global polished diamond sales used in jewelry will increase 4% a year until at least 2019, according to Andrey Polyakov, who is also a VP at Alrosa PJSC, Russia’s biggest diamond miner. This is essentially in line with Alrosa’s estimates for average annual polished sales growth in the past decade.

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